Get Back to Business: A guide to dealing with corporate financial distress
Act early. Seek advice. Get back to business.
The COVID-19 pandemic has had a huge impact on the economy. Businesses from across every sector have had to respond to an upheaval in trading, change their staffing and working arrangements, and deal with the sheer uncertainty of operating in the context of a global pandemic.
There are a number of different options for dealing with financial difficulties, ranging from debt consolidation and informal arrangements with creditors to formal/statutory insolvency1 procedures. You will find an overview of these options, as well as information on how to seek additional advice, outlined in this guide.