Many businesses will experience financial difficulties at different times. It is important to
recognize the warning signals at the earliest possible stage and weigh the various options
available to best correct the situation. Alternatives include declaring bankruptcy, making a
proposal or arrangement with your creditors, or allowing a secured creditor to place the company
into receivership. All available alternatives should be reviewed in detail with a Chartered
Insolvency Practitioner, your Solicitor and/or your Accountant.
