Business Rescue Plans

A Business Rescue Plan is a detailed strategy aimed at helping a financially distressed company recover and continue operating. It outlines steps the company will take to restore profitability, address debts, and improve operations, often involving negotiations with creditors and stakeholders. The goal is to avoid bankruptcy by implementing solutions that stabilize the business, safeguard jobs, and retain value. This plan is typically developed with input from management, creditors, and legal advisors, and must be approved by a court or relevant authority to ensure it provides a realistic pathway to financial health.