In the current economic climate, recovery is the foremost priority of companies and their stakeholders. How businesses respond to the ongoing pressures from the pandemic will determine their future. For businesses to start exploring post-COVID-19 recovery options, it’s important for them to explore every avenue to promote their rehabilitation.
The new standalone moratorium process, which came into effect via the Corporate Insolvency and Governance Act 2020 in April 2020, offers companies respite to formulate a resilient plan and avoid entering a formal insolvency process.
This webinar will explore how this restructuring procedure could provide a lifeline to businesses that have been affected by the pandemic. With government support winding down, landlords demanding rent and arrears and Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) starting to be repaid, creditor pressure will soon start to build.
On Tuesday 8 June Restructuring Advisory Partners, Anthony Collier and David Hudson, and FRP Transition Director, Susan Moor hosted a live 45-minute webinar. Combining their experience in restructuring and interim management and placement, our speakers explained how the moratorium process works, discussing the benefits and sharing advice on how to leverage the process to aid recovery.
We are optimistic that there will be an increase in the use of the Moratorium, especially over the coming months as businesses grapple with the financial challenges of opening up post lock-down.Anthony Collier Restructuring Advisory