Relevant alternative: Difference between revisions
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(RA). | (RA). | ||
In the context of a restructuring plan, a relevant alternative is practicable alternative course of action to the restructuring plan. | In the context of a restructuring plan, a relevant alternative is a practicable alternative course of action to the restructuring plan. | ||
:<span style="color:#4B0082">'''''Treasurers' contribution to presenting | :<span style="color:#4B0082">'''''Treasurers' contribution to presenting proposals'''''</span> | ||
:"A restructuring plan (RP)... is increasingly being used to turnaround ailing companies. | :"A restructuring plan (RP)... is increasingly being used to turnaround ailing companies. | ||
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:Treasurers have the ability to present highly technical and complex information clearly and concisely and that is vital to secure creditor support and for the judge to clearly understand the benefits of the proposal." | :Treasurers have the ability to present highly technical and complex information clearly and concisely and that is vital to secure creditor support and for the judge to clearly understand the benefits of the proposal." | ||
:''The Treasurer magazine, Issue 4 December 2023, p19 - Permjit Singh FCT.'' | :''The Treasurer magazine, Issue 4 December 2023, p19 - Permjit Singh FCT PhD.'' | ||
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* [[Workout]] | * [[Workout]] | ||
* [[Wrongful trading]] | * [[Wrongful trading]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 00:35, 11 May 2024
Law - UK - insolvency - restructuring plans (RP).
(RA).
In the context of a restructuring plan, a relevant alternative is a practicable alternative course of action to the restructuring plan.
- Treasurers' contribution to presenting proposals
- "A restructuring plan (RP)... is increasingly being used to turnaround ailing companies.
- Its approval or rejection in court primarily hinges on whether the RP will return at least the same to creditors as the most likely relevant alternative, which would typically be administration and the sale of the trade and assets of the business.
- Treasurers have the ability to present highly technical and complex information clearly and concisely and that is vital to secure creditor support and for the judge to clearly understand the benefits of the proposal."
- The Treasurer magazine, Issue 4 December 2023, p19 - Permjit Singh FCT PhD.
See also
- Administration
- 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
- Restructuring plan (RP)
- Scheme of arrangement
- Solvency
- Statement of affairs
- Statutory demand
- Turnaround
- Voluntary liquidation
- Winding up petition
- Workout
- Wrongful trading
