Where a company in financial distress has the remedy to implement a Business Rescue plan to try to avoid Liquidating the company such a plan must be compiled by a recognized Business Rescue Practitioner.
The court may be approached to assist the company by limiting litigation against the company whilst the company is utilizing this remedy. This is an expensive process and the Practitioner’s involvement is quite extensive and therefore expensive. This remedy is normally too expensive for a small company.
Why Business Rescue?
Some companies have the prospects to continue trading if they only receive the relevant assistance and a little bit of time to make a few changes where after they will be able to continue and save their business.
This Remedy is most effective if a company struggling financially only need some time to get back on their feet, but this remedy is very expensive and therefore most small businesses cannot afford it.
If you can afford the fees for this process, then this process is worth a try.
How do I know if I am a good candidate for this Financial Remedy for my business?
The best thing you as a business owner can do is to get professional assistance from a reputable Debt Specialist to assist you with an assessment to ascertain which remedy will be the best remedy for your business based on your specific needs and information.
It is always better to contact a company that specialize in Business Debt Solutions and that will furnish you with honest advice and the best remedy available to your specific needs.
Why Cure Debt?
Cure Debt specializes in Business Debt Solutions and will therefore be in a position to furnish you with Professional Solutions to your Business Debt. We are Business Debt Specialist specializing in all possible Business Debt Solutions, you will be in good hands. We will furnish you with the best solution to your Business.
