RE: First Signs of Skeletons In The Closet
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I was helping out went into business rescue
Is this the same thing as bankruptcy?
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You are viewing a single comment's thread:
I was helping out went into business rescue
Is this the same thing as bankruptcy?
No it is when auditors believe the business is still salvageable and it goes through a 12 month period (varies) to get it back on it's feet. Normally they appoint someone to oversee the day to day running especially with payments etc.
oh, so some outside manager steps in to help get the business back on track?