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Lessons from new UK companies debt restructuring proposals
No investor or creditor ever wants to see a company in trouble, even though at times insolvency is inevitable. FILE PHOTO | NMG
Capitalism without insolvency is like Christianity without hell. Even if a company spends itself into insolvency until it doesn’t recover, creditors would still suppose the company would’ve recovered if their debts were paid.
The United Kingdom on August 28, 2018 through its Minister for Small Business, Consumers and Corporate Responsibility, Kelly Tolhurst, published new proposals designed to introduce a pre-insolvency moratorium.
