Resolution Applicants

Resolution Applicants are individuals or entities that step forward in a financial distress situation, such as bankruptcy, to propose a plan for the organization’s recovery or resolution. They are typically qualified to develop and submit a strategic plan aimed at restructuring or resolving the company's debts, with the goal of maximizing value for creditors and stakeholders. Essentially, Resolution Applicants seek to take control of the company to turn it around or facilitate its orderly exit from insolvency, helping to preserve jobs, assets, and business continuity during challenging times.