British ISP has sought bankruptcy protection in the courts while it tries to find a buyer, the company announced Friday.

The company's problems began to appear two weeks ago, when it decided to stop offering customers lifetime unlimited Internet access for £50 claiming "excessive use" to be the reason.

Last week, the city council's principal trading standards officer in Warrington, England, where the company is based, said that users may have redress against the ISP for giving one day's notice before pulling the plug on service, instead of the 30 days notice required by law.

A Manchester court has appointed two PricewaterhouseCoopers employees as administrators to the financially troubled ISP while it tries to find a buyer. "Their role is to continue to trade while looking to sell the company," Mary Jo Pearson, a spokeswoman for PwC said. "They are actively looking for interested parties," she added.

In the statement, PwC said that had been "unable to attract further investment in the current trading climate for dot coms."