Restructuring advisors are professionals who specialize in providing guidance and assistance to companies facing financial distress, operational challenges, or other difficulties that may threaten their viability. Their expertise is in…
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A Deed of Company Arrangement (DOCA) is a binding agreement between a company in financial distress and its creditors, established as part of the voluntary administration process under Australian insolvency…
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A Turnaround Consultant is a professional expert brought into a company to assess and resolve significant financial, operational, or strategic difficulties that threaten its viability. These consultants specialize in diagnosing…
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A Licensed Insolvency Trustee (LIT) is a professionally licensed and regulated individual who is authorized to provide assistance to individuals and businesses facing financial difficulties, including debt management, insolvency, and…
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Business turnaround refers to the process of revitalizing a struggling or underperforming company by implementing strategic changes and improvements to restore financial stability, enhance operational efficiency, and return the business…
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A Forbearance Letter is a formal written request from a borrower to a lender, asking for temporary relief from loan payments due to financial hardship. The letter typically outlines the…
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Forbearance is a temporary agreement between a borrower and a lender that allows the borrower to reduce or pause their loan payments for a specified period, typically due to financial…
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Debtor-in-Possession (DIP) is a legal status granted to a company undergoing bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, where the company retains control of its assets and…
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