Continuing with our Insolvency Series, in this article, we look at zombie companies – what are they and what options are available to them? Read More
Loan Covenants – Loved & Hated in Equal Measure
The relationship between a debtor and a creditor is centered on trust, but governed by a loan agreement, a legally binding document. Beyond assessing a debtor’s credit worthiness, ability to pay and a back-stop from collateral, a creditor must also assess a debtor’s willingness to pay – does the creditor trust the debtor. Read More
The Misunderstood Profession of Insolvency Practitioners
As the success of any insolvency process is largely dependent on those that administer it, in this article we discuss and evaluate the role of insolvency practitioners. An insolvency practitioner, in relation to companies, is an individual authorized under the Insolvency Act to act as a liquidator, provisional liquidator, administrator, or a supervisor in an […]