Corporate Recovery: Trust is key in doing a deal with a bank

Be open, be honest, and be prepared to take some pain, writes Dave Boland.

7th September, 2013
Brendan O'Donoghue, restructuring and insolvency partner at accountants and business advisers Russell Brennan Keane: said debtors had to be realistic.

When things start to fall apart, it can seem as if the entire world is against you. But business is business, and it does not always have to be adversarial, even when the walls start closing in and it seems as if everywhere you turn there is somebody out there who is owed money.

Indeed, while headlines in the newspapers always tend to revolve around those formal processes which lead to either liquidation or rebirth,...

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