A company in financial distress has a number of options available to it. This depends on the special circumstances of the company. If the company is still solvent or may be rescued by a restructuring of its debts, the company has a much wider range of options for business rescue, as opposed to where the company is insolvent and may not be rescued by a restructuring of its debts. In the latter case, the options available to the company are geared towards the liquidation of the company and the settlement of its liabilities. Read more…