Tag Archives: Pre-Packaged Insolvency

Formal insolvency proceedings are cumbersome to carry forward and involve significant direct and indirect costs so a time-efficient approach is introduced to decrease the load of courts and tribunals for which “Pre Package Insolvency proceedings” are an analogy. As the literal meaning suggests, Pre-pack insolvency means a pre-arrangement  between the creditor and the interested buyer priorContinue reading “PRE PACKAGED INSOLVENCY”