As with all such problems, the earlier BRI is called the better the prospects.
Whilst the intention is generally to avoid the need for a formal restructuring procedure where possible they do offer vital protection from hostile creditors whilst a strategy is drawn and implemented. BRI know these waters well and offers you a safe port in a storm.
Different restructuring procedures available to us include:
When your company experiences a cash-flow crisis this can give rise to panic. However, if you can find the time/space to stop, reflect and look at things properly it can also provide opportunities. BRI can help.
All too often businesses look to solve their own problems by seeking immediate cash injections via the personal funds of a director or via a lender, which ordinarily comes with security over the business assets and/or a director’s personal guarantee.