“I have heard that in war, haste can be folly, but have never seen delay that was wise.” (Sun Tzu, The Art of War) Collecting debt from a recalcitrant debtor can feel very much like going to war, particularly if you have to slog through the trenches of a series of increasingly costly court battles. […]
Category Archives: Insolvency / Liquidation
Business Rescue, Insolvency / Liquidation
When Liquidation is Inevitable: A Bad Faith Business Rescue Application Backfires
02
Oct
Oct
“If you’re flogging a dead horse, make sure you’re not riding it.” (Josh Stern) Creditors and company directors alike need to know how best to deal with a company in financial distress. Both should learn to recognise the difference between an enterprise that has failed beyond resuscitation, and one that, given a chance, can be […]
Company / Corporate / Compliance, Insolvency / Liquidation
What Can You do When a Director Deadlock is Killing Your Company?
05
Aug
Aug
“Diplomats operate through deadlock, which is the way by which two sides can test each other’s determination.” (Henry Kissinger) Running a business with a partner can work brilliantly – until it doesn’t. When co-directors or shareholders fall out and can no longer see eye to eye, the company can grind to a halt, meaning everyone […]