What happens if a company that has issued a bond or loan that I have invested in goes into administration?

A company that is under financial stress and has identified a future shortfall in liquidity or money to run it's operations will appoint administrators to run the company (usually a professional accounting firm). The administrators will evaluate all options to maximise the recovery proceeds for secured debt holders and unsecured creditors of the company. This may involve a sale of the business as a going concern to a third party or a liquidation of the company's assets. 
WiseAlpha will pass on the recovery proceeds to Note holders in the corresponding bond.

Capital at risk. No FSCS cover. See Risk Statement.