Bankruptcy applies to individuals. Administration is an option in the UK for insolvent companies. MQA's has been heavily loss making for the past couple of years. Administration involves handing over control of the company to an administrator who is effectively given control over the company and its future.
The best part about MQA bankruptcy..
Is going to be that we will see many fewer discussions on Audiogon about it! 🤣
Now we can all focus on hating on ASR and professional reviewers.
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https://www.whathifi.com/news/mqa-is-going-into-administration