Restructuring plan - Revision history

Doug: Expand author of quote's title.

2024-05-11T00:36:32Z

Expand author of quote's title.

← Older revision		Revision as of 00:36, 11 May 2024
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	:Treasurers will therefore need to make sure the information they provide... is robust and thorough to support the process."		:Treasurers will therefore need to make sure the information they provide... is robust and thorough to support the process."

	:''The Treasurer magazine, Issue 4 December 2023, p19 - Permjit Singh FCT.''		:''The Treasurer magazine, Issue 4 December 2023, p19 - Permjit Singh FCT PhD.''

Doug: Add link.

2023-12-03T14:18:13Z

Add link.

← Older revision		Revision as of 14:18, 3 December 2023
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	* [[Statement of affairs]]		* [[Statement of affairs]]
	* [[Statutory demand]]		* [[Statutory demand]]
			* [[Turnaround]]
	* [[Voluntary liquidation]]		* [[Voluntary liquidation]]
	* [[Winding up petition]]		* [[Winding up petition]]

Doug: Add quote - source - The Treasurer - Issue 4, December 2023 p19.

2023-12-03T14:06:50Z

Add quote - source - The Treasurer - Issue 4, December 2023 p19.

← Older revision		Revision as of 14:06, 3 December 2023
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	''Law - UK - insolvency''.		''Law - UK - insolvency''.

			(RP).

	The restructuring plan is a UK insolvency procedure introduced by the UK's Corporate Insolvency and Governance Act 2020.		The restructuring plan is a UK insolvency procedure introduced by the UK's Corporate Insolvency and Governance Act 2020.
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	The restructuring plan is designed to be a more flexible means of implementing a restructuring for companies facing financial distress.		The restructuring plan is designed to be a more flexible means of implementing a restructuring for companies facing financial distress.


			:<span style="color:#4B0082">'''''Treasurers vital to secure creditor support'''''</span>

			:"A restructuring plan (RP)... is increasingly being used to turnaround ailing companies.

			:... the RP will [need to] be able withstand intense scrutiny and challenge by both the creditors and the judge.

			:Treasurers will therefore need to make sure the information they provide... is robust and thorough to support the process."

			:''The Treasurer magazine, Issue 4 December 2023, p19 - Permjit Singh FCT.''


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	* [[London Approach]]		* [[London Approach]]
	* [[Moratorium]]		* [[Moratorium]]
			* [[Relevant alternative]] (RA)
	* [[Restructuring]]		* [[Restructuring]]
	* [[Sanction]]		* [[Sanction]]

imported>Doug Williamson: Add link.

2021-11-01T16:27:08Z

Add link.

← Older revision		Revision as of 16:27, 1 November 2021
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	* [[Moratorium]]		* [[Moratorium]]
	* [[Restructuring]]		* [[Restructuring]]
			* [[Sanction]]
	* [[Scheme of arrangement]]		* [[Scheme of arrangement]]
	* [[Solvency]]		* [[Solvency]]

imported>Doug Williamson: Add link.

2021-06-23T22:44:09Z

Add link.

← Older revision		Revision as of 22:44, 23 June 2021
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	* [[London Approach]]		* [[London Approach]]
	* [[Moratorium]]		* [[Moratorium]]
			* [[Restructuring]]
	* [[Scheme of arrangement]]		* [[Scheme of arrangement]]
	* [[Solvency]]		* [[Solvency]]

imported>Doug Williamson: Add link.

2021-06-23T22:43:17Z

Add link.

← Older revision		Revision as of 22:43, 23 June 2021
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	* [[Voluntary liquidation]]		* [[Voluntary liquidation]]
	* [[Winding up petition]]		* [[Winding up petition]]
			* [[Workout]]
	* [[Wrongful trading]]		* [[Wrongful trading]]

imported>Doug Williamson: Layout.

2020-10-14T16:51:57Z

Layout.

← Older revision		Revision as of 16:51, 14 October 2020
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	:<span style="color:#4B0082">'''''Potentially very useful reform'''''</span>		:<span style="color:#4B0082">'''''Potentially very useful reform'''''</span>

	:" The procedure is closely based on the scheme of arrangement, but with some important distinctions.		:"The procedure is closely based on the scheme of arrangement, but with some important distinctions.

	:Most notable is the inclusion of a cross-class, cram-down mechanism.		:Most notable is the inclusion of a cross-class, cram-down mechanism.

imported>Doug Williamson: Create page. Source: The Treasurer, October 2020, p40.

2020-10-14T16:51:32Z

Create page. Source: The Treasurer, October 2020, p40.

New page

''Law - UK - insolvency''.

The restructuring plan is a UK insolvency procedure introduced by the UK's Corporate Insolvency and Governance Act 2020.

The restructuring plan is designed to be a more flexible means of implementing a restructuring for companies facing financial distress.

:<span style="color:#4B0082">'''''Potentially very useful reform'''''</span>

:" The procedure is closely based on the scheme of arrangement, but with some important distinctions.

:Most notable is the inclusion of a cross-class, cram-down mechanism.

:This will allow the court to sanction a plan even if the support of a class has not been obtained, as long as certain conditions are met.

:The restructuring plan has the potential to be a very useful addition to the toolkit, and the first such plan has already been proposed, although there are a number of complex issues that will need to be worked through and tested in practice."

:''The Treasurer magazine, October 2020, p40 - Slaughter and May.''

== See also ==
* [[Balance sheet insolvent]]
* [[Cash flow insolvent]]
* [[Chapter 11]]
* [[Company voluntary arrangement]]
* [[Corporate Insolvency and Governance Act]]
* [[Cost of financial distress]]
* [[Creditors]]
* [[Individual Voluntary Arrangement]]
* [[Insolvency]]
* [[Insolvency practitioner]]
* [[Insolvency Service]]
* [[London Approach]]
* [[Moratorium]]
* [[Scheme of arrangement]]
* [[Solvency]]
* [[Statement of affairs]]
* [[Statutory demand]]
* [[Voluntary liquidation]]
* [[Winding up petition]]
* [[Wrongful trading]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]