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Financial risk is a necessary component of wealth creation, whether in a business or personal environment, and should always be considered and calculated with a view to the possibility that things might go wrong, even in times of relative economic prosperity.
The challenge, in such an event, is limiting your loss and this holds true for the debtor as much as the creditor. Having viable options and practical solutions available, within the context of often confusing statutory prescripts and established practice, is always a good start to achieving this goal. Is insolvency always the only option and what are the benefits of the possible options? Would judicial management be a more viable alternative for the parties? What are your rights, either as debtor or creditor, in the event of insolvency? Our experts in the practice of Insolvency Law can answer all of these questions and advise on the best options available.
Whether you require us to negotiate a complex consortium agreement with other large creditors, or enforce your rights as an insolvent, we can certainly assist.
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