The entire game has changed over the last 30 years: whereas before it was insolvency practitioners collecting debts for banks by a number of processes
which all resulted in the liquidation of the company, we now have professionals restructuring businesses for the capital markets. The banks have not gone away but they are only one of a number of clients.While reorganisation through insolvency is not new, workable procedures facilitating the reorganisation of troubled businesses now exist in many countries. Read more.....
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