If your company is in financial trouble, Examinership can give you the breathing space you need to get your business back on track without the fear of being made insolvent by your lenders.
It grants you protection of the Court against your lenders. This means that despite the debt you owe, your company will be protected from liquidation for 70 to 100 days – sometimes more in exceptional circumstances. It also allows you to seek further investment and to continue trading as normal.
Applying for Examinership
To be considered for Examinership, your company has to meet certain criteria. Firstly, it has to be deemed insolvent and unable to pay its debts. Secondly, your company must be given a ‘reasonable prospect of survival’ from an independent expert.
At Gibson & Associates, we understand how challenging it can be to manage a struggling business. That’s why we offer business owners like you the support you need, when and where you need it. We will help you make the initial Court application for Examinership and then manage the process on your behalf.
Get in touch with our experienced insolvency team today. We’ll get back to you within 3 hours or less.