Secured Creditor Vs Unsecured Creditor: What’s The Difference?
When a company enters into formal insolvency proceedings, such as liquidation or administration, the creditors are placed into a hierarchy
When a company enters into formal insolvency proceedings, such as liquidation or administration, the creditors are placed into a hierarchy
There are numerous real-life success stories of business rescue helping to turnaround the prospects of a struggling company. However, in
It’s a common misconception that a business rescue expert is only useful to companies that are under severe financial strain.
When a company is struggling financially or entering insolvency, then it’s important that they contact an insolvency practitioner, who will
If a stakeholder, bank or lender is concerned that a company is distressed or facing insolvency, they may request an
When a company becomes insolvent this means that it cannot pay its debts as and when they are due. In
Administration protects companies from creditor pressure, giving them a period of time to focus on restructuring or selling the business.