Posts Tagged ‘bankruptcy’

Bankruptcy, Good Option for a Few

Friday, January 1, 2010 15:20 No Comments

Business owners have to consider going bankruptcy when there are no other alternatives available. Usually bankruptcy is taken as the last and worst step a business owner would take. However, although bankruptcy is bad in most situations, it is not always like that. It might be the best option for a few people as it [...]

This was posted under category: Banking and Finance Tags: , , ,

What is a Pre-Pack?

Thursday, March 12, 2009 11:01 No Comments

When a business is facing financial distress, advice must be sought to help save it. Action must be taken early. Pre-pack is one of the options available.
A pre-pack is a deal for the sale of an insolvent company’s business or assets, which is put in place before the company goes into a formal insolvency process, [...]

This was posted under category: Banking and Finance Tags: , , ,
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