Business Rescue Plan

A Business Rescue Plan is a strategy developed to help a financially troubled company recover and continue operating. It involves identifying ways to improve cash flow, reduce debts, and fix operational issues. Typically, the plan is created with input from management, creditors, and other stakeholders, and aims to restore the business’s financial health while avoiding liquidation. Once approved, the plan guides the company’s efforts to stabilize its operations, pay debts sustainably, and ultimately return to profitability. Essentially, it's a comprehensive roadmap to rebuild a struggling business and secure its future.