Bankruptcy, Receivership and Creditor Proposals

FACT: Many businesses fail. There are many reasons why a business fails or why a company declares bankruptcy. Most business bankruptcy happens because debt owed to secured creditors like banks and lenders or unsecured debt owed to vendors, suppliers and/or the government becomes unmanageable.

Things to Consider:

- Bankruptcy vs. Receivership?
- Receivership vs. Division 1 Proposal?
- Creditor Proposal vs. Bankruptcy?

The decision you make for your business really depends upon what options it has available to restructure, reorganize and repay its creditors. Getting help or advice is important to make sure that you have explored all of your options.

Listen now to learn more about bankruptcy, receivership and creditor proposals.


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