Insolvency
We regularly act for corporate clients such as financial institutions as well as other lenders and creditors in both corporate and personal insolvency.
For corporate clients, such advice can be the best way to restructure their own business in the light of pending insolvency and/or to even advise Judicial Management, i.e., Court ordered corporate restructuring. For personal insolvency, we can assist to recover debts or the converse by negotiating for time to settle a debt and/or to advise how to reduce and/or restructure debt to avoid as far as possible bankruptcy.
We have also utilized our understanding of the commercial aspects of maintaining a positive credit policy with the need to manage the risks inherent with possessing an unhealthy level of accounts receivables. We are of the view that this is important not only to restore and enhance shareholder confidence, but also to improve liquidity and manage bad debts within the company. We have successfully assisted clients to develop and maintain a proficient method to manage bad debts and deploy valuable resources to recover monies owing to our clients by utilizing minimum resources for maximum gains.
