President Muhammadu Buhari on 31st December 2020, signed the Finance Bill, 2020 (now Finance Act) into law. The Finance Act, […]View More
Business is risky. A host of reasons may cause companies to struggle and, in some cases, force a business restructuring or trigger an insolvency proceeding.
Restructuring is a type of corporate action taken when significantly modifying the debt, operations, or structure of a company as a means of potentially eliminating financial harm and improving the business. When a company is having trouble making payments on its debt, it will often consolidate and adjust the terms of the debt in a debt restructuring, creating a way to pay off bondholders.
A company restructures its operations or structure by cutting costs, such as payroll, or reducing its size through the sale of assets. Our first priority is to focus on recovery – both of the business and its corporate structure. Many businesses can avoid administration or liquidation by seeking professional advice as early as possible.
Therefore, contact us for further discussion.