Wednesday April 1, 2020

Examinerships prove risky when rescuing businesses

Examinerships are on the increase as a method to help businesses struggling for survival, but new data reveals that fewer companies are successfully emerging from the process, writes Ian Kehoe, Chief News Correspondent.

31st January, 2009

It’s being seen as the white knight of cash-strapped companies, a final chance to save a struggling business by writing down its debts, securing fresh investment and striking deals with creditors. In the current climate, the examinership process has never been more in demand. Driven by the sharp economic deterioration, record numbers of companies are now asking the High Court to grant bankruptcy protection from creditors, affording some breathing space to work magic on the...

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