When Business Rescue Fails: Knowing When Liquidation is the Best Option
While business rescue is an excellent tool for saving companies, it is not always successful. In some cases, liquidation becomes the best or only option. Understanding when to move from rescue efforts to liquidation protects directors, creditors, and employees from even greater losses. What is Liquidation? Liquidation is the legal process of winding up a…
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Debt Restructuring Strategies: How Businesses Can Negotiate with Creditors and Survive
Mounting debt is one of the first signs of financial distress for many businesses. However, with the right approach, debt doesn’t have to lead to insolvency. Debt restructuring offers a path to survival by negotiating better terms with creditors, including ZIMRA, banks, NSSA, and suppliers. What is Debt Restructuring? Debt restructuring involves altering the terms…
Understanding Business Rescue: A Lifeline for Struggling Companies in Zimbabwe
Introduction Many companies in Zimbabwe face financial difficulties at some point. Whether due to economic downturns, cash flow issues, or unexpected crises, the pressure can be overwhelming. Business rescue offers a structured, legal solution that could help a struggling business recover instead of collapsing. What is Business Rescue? Business rescue is a process introduced under…
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