Examinership has high rate of success in saving firms

Examinership is a process whereby the High Court allows a 100-day breathing space from its creditors to an insolvent company to facilitate the company and an examiner in attracting investment and restructuring the company.

4th February, 2006

Examinership is a process whereby the High Court allows a 100-day breathing space from its creditors to an insolvent company to facilitate the company and an examiner in attracting investment and restructuring the company.

Any company, large or small, in financial difficulties but which is not terminally insolvent should consider the option, according to Neil Hughes, managing partner Hughes Blake Chartered Accountants.

‘‘The process suits a company seeking to protect intangible assets such as brands,...

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