Friday April 10, 2020

How creditors can help when liquidation threatens

Companies can avoid insolvency if creditors cooperate in a ‘workout agreement’, writes Cormac O’Neill.

13th September, 2008

Companies can avoid insolvency if creditors cooperate in a ‘workout agreement’, writes Cormac O’Neill.

In the current difficult economic environment, it is important that as many Irish companies as possible are sheltered from liquidation, to enable Ireland to benefit fully when the global economic cycle returns to growth.

During previous economic downturns, the fate of insolvent companies was liquidation.

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