Corporate Recovery: The potential upside of the downside

Anyone with even a passing knowledge of the Irish economy would recognise the difficulties facing businesses operating in so straitened an environment.

15th September, 2012
Barry Forrest of Forrest & Co, an accountancy firm which specialises in corporate recovery and insolvency services.

Anyone with even a passing knowledge of the Irish economy would recognise the difficulties facing businesses operating in so straitened an environment.

But it would take a liquidator to know the full extent of the crisis, and the toll that it is taking on Irish companies, as well as the potential upside of formal insolvency from a corporate restructuring perspective.

If that seems to be counterintuitive, the reality is that sometimes liquidation is the best...

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