In this article, Christophe Vandendorpe and John Tan, who are restructuring and liquidation practitioners at EY Luxembourgs Reshaping Results team, answer a question often asked by businesses: how to preserve value in a distressed situation?
My business is failing due to the current situation what can I do?
Applying for bankruptcy is a last resort as that doesnt necessarily maximise value for your shareholders and creditors. If your business remains viable long-term, and if you have the support from a majority of existing creditors, you could consider a debt restructuring exercise in Luxembourg.
What is the…
Read the full article at: https://luxtimes.lu/all-ld-articles/preserving-your-business-through-debt-restructuring-42728