Financial Recovery Plans

A Financial Recovery Plan is a strategic process a company or individual uses to regain financial stability after facing losses or debt issues. It involves assessing current financial situations, identifying problems, and creating detailed steps to reduce expenses, increase revenue, and improve cash flow. The plan sets clear goals and timelines, often including restructuring debts or selling assets. Its purpose is to restore financial health, ensure long-term sustainability, and prevent future crises by making informed financial decisions and implementing effective measures.