Reviving Through Restructuring: Options for Insolvent Businesses
In this session, we will explore how restructuring laws can be used to save struggling businesses.
Few business owners want to shut down a venture they have poured their heart into, even when facing financial distress. By its nature, “restructuring” is a give-and-take process where those owed money are asked to compromise their debts for what ideally is a greater net benefit to themselves and others.
We will discuss common restructuring strategies such as the Small Business Restructuring Process, Voluntary Administration, Liquidation, and phoenixing, focusing on real-world applications.
We will also examine when certain processes are more effective than others and discuss the risks and pitfalls of restructuring in general.
Given the recent rise in insolvency activity and challenges in the economy, this session will provide valuable insights into what is and is not possible when it comes to guiding a struggling business toward a new beginning.
We look forward to seeing you there.
Each session provides attendees with 1 hour CPD and is complimentary.