Strategic Action Prior to Insolvency

Strategic Action Prior to Insolvency

There are positive and ‘formal legal’ steps that your client can take prior to formal insolvency that can go a long way to
protecting their business. There is no disadvantage to undertaking this process (if it is done properly and within the
constraints of the law). The upside can offer substantial financial savings and, where there is real potential for a viable
business, we can also explore funding options that will enable the business to trade back to health.