The restructuring continuum

This is part 1 of a 4 part series where we examine the spectrum of formal restructuring options, starting from ‘the left’ being solvent liquidations, seeking safe harbour, and then continuing along the restructuring continuum to voluntary administrations and the use of deeds of company arrangements as a restructuring tool to protect going concern value and ending with terminal creditors voluntary liquidations. This series will take you on a journey through the various appointment types, the way they and other tools can be used to restructure a business and, as a last resort, how a company can be wound up if it cannot be saved.