Preventing financial difficulties from leading to bankruptcy
Revenue is declining and debts are mounting, but surely things will turn around. Those who take this approach to financial difficulties often wait too long to act. That is a missed opportunity, as the growing use of out-of-court restructuring agreements offers businesses more ways to stay afloat. According to partners Jeroen Tulfer, Michiel Peeters and Ralph Geelen, timing is crucial. “You need to fix the roof while the sun is shining.”