Bradley Phillips Herbert Smith LLP considers in overview the tax aspects of the various forms of restructuring a company may take when in financial difficulty while trying to avoid a formal insolvency process
A company may be in financial difficulty for a number of reasons.
It may still be solvent but under financial strain it may have cash flows issues an unhealthy balance sheet and/or have loan or other obligations about to mature.
It may need a new business model or management. It may urgently need to deal with its creditors to survive. In most cases the company will want to avoid a formal insolvency process and to restructure whilst being able to continue trading.
This will enable it to have more control...
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Bradley Phillips Herbert Smith LLP considers in overview the tax aspects of the various forms of restructuring a company may take when in financial difficulty while trying to avoid a formal insolvency process
A company may be in financial difficulty for a number of reasons.
It may still be solvent but under financial strain it may have cash flows issues an unhealthy balance sheet and/or have loan or other obligations about to mature.
It may need a new business model or management. It may urgently need to deal with its creditors to survive. In most cases the company will want to avoid a formal insolvency process and to restructure whilst being able to continue trading.
This will enable it to have more control...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
