Receivership may be the answer

There was a time, just over a year ago, when examinerships were seen as a sort of panacea for businesses in distress. But that was when there were relatively few companies petitioning for them, and when they had a very high success rate.

21st February, 2009

There was a time, just over a year ago, when examinerships were seen as a sort of panacea for businesses in distress. But that was when there were relatively few companies petitioning for them, and when they had a very high success rate. That success rate has fallen considerably, to such an extent that the courts have shown real signs of unwillingness to grant protection - but, all the while, businesses are continuing to fail,...

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