Insolvency Resolution

Insolvency resolution is the process of helping financially troubled companies or individuals restore stability or settle their debts. When someone or a business can't pay what they owe, insolvency resolution kicks in to evaluate their financial situation, explore options like restructuring debts or selling assets, and develop a plan to resolve the issues. The goal is to maximize the value for creditors while giving the debtor a chance to recover, often under legal guidelines that ensure fairness and transparency. This process helps avoid complete business failure or personal financial ruin.