Historically the image of an insolvency practitioner has been to mop up the mess, but ideally, we can help save your client’s business if they meet with us early enough.
Where there is a viable core business, a formal debt compromise with creditors can speedily enable a business to seamlessly continue trading with the same ownership or a sale of the business.
In my experience creditors will usually accept much less than full repayment of their debt if the payment is certain and they also can benefit from continued trading.
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