Columnists
Tuesday, October 9, 2018 19:25
By BASTON WOODLAND |
Capitalism without insolvency is like Christianity without hell. Even if a company spends itself into insolvency until it doesnt recover, creditors would still suppose the company wouldve recovered if their debts were paid.
The United Kingdom on August 28, 2018 through its Minister for Small Business, Consumers and Corporate Responsibility, Kelly Tolhurst, published new proposals designed to introduce a pre-insolvency moratorium.
The reforms if fully implemented will ensure that financially distressed companies first seek a debt restructurin…
Read the full article at: https://www.businessdailyafrica.com/analysis/columnists/UK-companies-debt-restructuring-proposals/4259356-4798896-sf6ftt/index.html