Posts Tagged ‘bankruptcy’
Bankruptcy, Good Option for a Few
Friday, January 1, 2010 15:20 No CommentsBusiness 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 [...]
What is a Pre-Pack?
Thursday, March 12, 2009 11:01 No CommentsWhen 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, [...]


