Liquidation, Restructuring and Receivership
Voluntary or solvent liquidations form a substantial and regular portion of our workstream, particularly within the alternative investment fund sector and the broader financial services industry. Typically less complicated than other mainstream corporate recovery and insolvency procedures, our team provides advice and assistance in the preparation of the proposed liquidation whereupon BDO appointment takers are available to undertake and administer the formal dissolution process.
Our team provides advice on all aspects of corporate insolvency. We will always try to avoid a formal insolvency whenever possible, however when a business entity cannot be rescued our appointment takers have extensive experience in court supervised and official liquidations procedures and will seek to obtain maximum asset realisation and distribution recovery for creditors and other stakeholders.
In a corporate restructuring or business reorganisation and rescue situation, usually requiring provisional liquidation or scheme of arrangement procedures to recover a viable part of a business or compromise debts with creditors, we work with lenders, creditors, investors, management and other stakeholders of the business to advise upon and achieve rescue objectives and to avoid formal insolvency. These procedures are similar to US Chapter 11 and UK Administration recovery routes.
Supported by our broader team BDO appointment takers are available to act as receivers appointed privately or by the court, to assist banks, financial institutions, private lenders and other secured creditors in the recovery of their property assets or to preserve such property in the event of a legal dispute. In the case of the appointment of a receiver and manager our team is experienced in managing trading businesses and properties valued in excess of $100 million.