A process that prohibits creditor recovery action for a short period of time to enable a failing Company the chance of making changes and continuing its existence.
Winding up the affairs of a Company as it has failed. Realising any available assets and investigating the affairs of the Company.
A secured creditor appoints an insolvency practitioner over a Company or assets to recover their debt.
An informal process to change a Company (set up, operations, processes) to better achieve objectives (profit, lifestyle). This may or may not include an informal insolvency process.