Pre-insolvency negotiation
Negotiating with creditors before formal insolvency to seek time, settlements or restructuring while more options may still be available.
Related terms
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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.
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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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Company Voluntary Arrangement (CVA)
A formal agreement between a company and its creditors to repay or compromise debts over time while the company may continue trading.
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