Companies
Analysis: Zombie firms must be allowed to die once Revenue debt deadline passes
The end of Revenue’s debt warehousing scheme is likely to cause a spike in insolvencies which experts say shouldn’t be artificially avoided
When it comes to business failures, insolvency practitioners can often be apprehensive about saying the quiet part out loud. They know how it can be perceived: rapacious farmers voting for a turkey massacre at Christmas.
“There’s nothing worse than an arrogant liquidator,” one industry figure admitted last week, in a burst of gloomy introspection. “Trying to sound like he’s helping businesses...”
Yet as the Business Post reported on Sunday, many of these liquidators – buttressed ...