Restructuring Terms

Communication is key

Communication is key to working with directors and stakeholders; and so it follows that understanding the common terms used in restructuring is important. This is a quick guide to the most common terms used when discussing such matters.

Having even a basic understanding of the restructuring process and language will assist directors and advisors manage each other’s expectations in a complex and (usually) stressful environment.

Pre-Insolvency Terms

Small Business Restructure

Preferential Payments

What is a “preference”?

Insolvency Actors

Insolvency Practitioner

Bankruptcy Trustee

Liquidator

Receiver & Manager

Controller

Litigation Lawyer

Pre-Insolvency Advisor