Focused on orderly resolution and realisation of assets

Corporate Insolvency: options forOrderly ResolutionAnd clarity when financial obligations seem beyond reach or repair

Corporate insolvency can occur when a struggling or successful business is unable to meet its financial obligations and the owners, partners or shareholders have decided on an orderly resolution of the business

Options to wind-up operations for an orderly resolution, close the chapter and move on

When it comes to corporate insolvency, the distinction between receivership and liquidation often comes down to who initiated the process and what the ultimate goal is for the company’s assets. While both involve external controllers, they serve very different purposes. Both explained below...
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Receivership: Protecting Secured Creditors

Receivership is a process typically initiated by a secured creditor (e.g. banks, lenders). When acting as Receivers or Receivers and Managers, our key responsibilities are to collect and sell assets in order to repay what is owed to secured creditors...
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Liquidation: Winding-Up and Closure

Objective is to "wind up" the company’s affairs in an orderly way. This involves stopping all operations, selling off all assets, and distributing the proceeds to creditors in a specific priority order...
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