management during insolvency

Management during insolvency refers to the process whereby a company's leadership addresses its inability to pay debts. This involves assessing the company's financial situation, identifying possible solutions, and making strategic decisions to either restructure the business, negotiate with creditors, or potentially head towards liquidation. The goal is to maximize the value of the company’s assets and minimize losses for stakeholders. Insolvency management can involve seeking professional guidance, implementing cost-cutting measures, and exploring new revenue opportunities to stabilize the organization and find a viable path forward.