Pre-insolvency advice
Advice taken before a formal insolvency process begins, aimed at understanding risks, options and actions that should or should not be taken.
Related terms
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Pre-insolvency negotiation
Negotiating with creditors before formal insolvency to seek time, settlements or restructuring while more options may still be available.
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Corporate moratorium
A statutory breathing-space procedure for eligible companies that can restrict certain creditor action while the company explores rescue or restructuring options.
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Business rescue
A strategy aimed at preserving a viable business, its operations or value while dealing with unsustainable debt or financial pressure.
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