Insolvency Rescue Plan

An Insolvency Rescue Plan is a structured strategy designed to help a company in financial trouble avoid bankruptcy. It involves negotiating with creditors to restructure debts, reduce payments, or extend repayment terms, allowing the company to regain stability and continue operations. The goal is to create a viable business model that can generate profits while satisfying creditor obligations. This process often requires legal oversight and can involve significant changes to the company's management and operations, ultimately aiming to protect jobs and preserve value for stakeholders.