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Restructuring Companies

Bradley Phillips, Herbert Smith LLP, considers in overview the tax aspects of the various forms of restructuring a company may take when in financial difficulty while trying to avoid a formal insolvency process

 
Bradley Phillips Herbert Smith LLP considers in overview the tax aspects of the various forms of restructuring a company may take when in financial difficulty while trying to avoid a formal insolvency process
 
A company may be in financial difficulty for a number of reasons.
 
It may still be solvent but under financial strain it may have cash flows issues an unhealthy balance sheet and/or have loan or other obligations about to mature.
 
It may need a new business model or management. It may urgently need to deal with its creditors...

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