Restructuring Plan

This is a court approved legal arrangement between a company and its creditors that came into force in June 2020.…

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Pre-pack Administration

A pre-pack administration is where the business is arranged to be sold at a proper market value immediately on administration…

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Administration

Not necessarily a stand-alone remedy in itself, administration is a collective corporate rescue which temporarily ring-fences a company to give…

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Moratorium

This is a Court approved “breathing space” for a Company to allow it to focus on rescuing the Company as…

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Informal Schemes

For smaller businesses or where problems are temporary, an informal arrangement with creditors may be suitable. Informal schemes minimise bureaucracy…

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Scheme of Arrangement

This is a court approved legal arrangement between a company and its creditors. The process is more complicated and costly…

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Receivership

Now almost entirely replaced by administration, receivers can still be appointed by secured lenders, such as banks, to recover debt…

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