Media Articles

Determining who is a creditor and for how much : not always an easy task

As mentioned in last month’s article, it can take longer than anticipated to turn assets into cash. Then comes the challenge of the liquidator working out who is a valid creditor and hence, might be entitled to receive a dividend. The term “might” is used because much may depend...

Creditors : are you interested or are you not?

When a company is subject to formal insolvency proceedings there tends to be initial media interest in terms of jobs lost, particularly if there is a local slant, and a few weeks later another article will often appear regarding the level of debts and lack of assets, accompanied by...

Company failure: dealing with difficult questions

It is an accepted part of the corporate landscape that some companies experience insurmountable financial challenges and fail, although the Meston Reid & Co experience is that when directors seek advice at an early stage and have the courage to make the appropriate operational/financial adjustments, the chances of corporate...