On these pages we have provided information on all of the hot insolvency topics. You can look up the topics that are worrying you in the menu on the left. We receive a lot of enquiries about three main topics: Insolvent Trading, Directors Penalty Notices and Voluntary Administration.
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The simplest definition of a Restructuring is that a Restructuring is a process for the resuscitation of a financially distressed company. It is based on the assumption of a potentially viable business.
Restructuring is a broad term that encompasses a range of circumstances. At Restructuring Works we have coined the phrase “The Restructuring Spectrum” to describe the range of situations in which a financially distressed company may find itself. The situations we describe are:
- Underperforming;
- Financial Distress;
- Insolvent (Restructurable);
- Insolvent (Liquidate).
The symptoms of each of these situations and the corresponding solutions are best seen at The Restructuring Spectrum.
A Restructuring is likely to involve the restructuring of a business at many levels to facilitate a return to viability so may involve a:
- range of performance improvement initiatives;
- restructuring of the business operations;
- restructuring of the management;
- capital reorganisation (debt or equity).
We have described in more detail the steps in a restructuring in our page The Restructuring Process.
