In times of financial difficulties
Corporate Recovery and Insolvency terminology
Business Turnarounds and Informal Arrangements with Creditors
Turnaround procedures widespread as financial institutions often seek to assist companies in financial difficulties rather than allow those companies to enter into a formal insolvency procedure. Although turnarounds of businesses at the larger end of the spectrum, such as multinationals and blue chip companies, often receive press coverage, it is often successfully applied in the smaller business without any publicity. It will usually involve individual agreements being reached with specific key creditors whilst the business continues and deals with other creditors/suppliers in the normal way.
The team is experienced in:
- Rescues and turnaround
- Restructuring and administrations
- Voluntary arrangements and liquidations
- Debt negotiations
- Crisis management
- Personal insolvencies including IVAs
- Your options (the terminology) explained
John Alexander
provides practical and value-preserving solutions. He is sought by businesses, individuals, the media and those on the lecture circuit.
d: 44 (0)20 7309 3827
e: john.alexander@cbw.co.uk
Carl Bowles
Director, Carter Backer Winter LLP
d: +44(0)20 7309 3930
e: carl.bowles@cbw.co.uk
Melvyn Carter
Partner, Carter Backer Winter LLP
d: +44(0)20 7309 3828
e: melvyn.carter@cbw.co.uk
Robin Davis
Partner, Carter Backer Winter LLP
d: +44(0)20 7309 3896
e: robin.davis@cbw.co.uk
