Insolvency Resolution Plan

An Insolvency Resolution Plan is a structured proposal to help a financially distressed company recover and continue its operations. It outlines how to address debts, possibly through payment reductions, extensions, or asset restructuring, with the goal of maximizing value for stakeholders like creditors, shareholders, and employees. The plan is prepared and approved through a formal legal process overseen by insolvency professionals and courts, ensuring fair treatment for all parties involved. Ultimately, it aims to restore the company's viability while balancing the interests of those owed money.