Zombie company
An informal term for a business that remains operating but can do little more than service debt and survive, with limited capacity to invest, grow or recover financially.
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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Creditor proposal
An offer or set of terms put forward by or to a creditor to resolve a debt, usually involving payment amount, timing or security.
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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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