Mazars has set out the stages of a debt restructuring plan that can help you to assess your options and set out a plan to move forward. The plan includes four stages:
- Assessment of your financial situation and the impact of your financial situation on your ability to service your debt
- The impact of the covenants in your loan agreements, particularly personal guarantees.
- What options can be proposed to your bank to restructure your debt?
- What is the likely response from your bank?
Our business and restructuring team can assist you to implement an appropriate restructuring plan in:
- Preparation of the raw data to assess your financial situation
- Assessment of the impact of your financial situation on your debt obligations
- Consideration of the options available to your business to restructure your debt
- Presentation and negotiation with the bank (or banks in a multi lending scenario)
For more information email businessturnaroundinsolvency@mazars.ie
