Commercial Insolvency Reporter

I have been involved in hundreds of insolvency cases over the course of a career that has spanned more than 25 years. The apparent causes of the company’s difficulties could usually be distilled down to one or more problems drawn from a predictable list of factors. These included over expansion (“if we build it, they will come”), high interest rates, shifts in commodity prices, loss of a major contract or customer, fraud and others that were less obvious. More often than not, poor management accompanied by a lack of accountability was also a contributing factor. Reproduced with permission of the publisher from Commercial Insolvency Reporter, Vol. 23, No. 1, October 2010.