Delay of Payment (voluntary administration) process is instigated by the company or creditors and is available to companies which are, or may become, insolvent.

The aim of a delay of payment is to enable the business, property and affairs of an insolvent company, or a company which may become insolvent, to be administered in a way that maximizes both the chances for the company to continue in existence, and for the return to creditors.

Our experts will provide detailed advice on the benefits of a delay of payment process and whether the process is recommended for each specific case. We are dedicated to working with key stakeholders to achieve the desired outcome, be it restructuring a company’s affairs through a composition plan or by assisting with the transition of a company into bankruptcy.