What's the difference between an illegal phoenix, a legal phoenix and a restructure. Is a legal phoenix even really a thing?
In this bumper episode, Chris throws the light on the mythical bird that rose from the ashes - as it relates to a company in financial distress. We discuss:
A how to guide to the classic illegal phoenix and why you'll get in trouble now
When it isn't illegal but it's just bad
Options on how to legally restructure
What should a creditor keep in mind?
Chris is a humanitarian, what's his proudest restructuring moment?
Tune in, we packed a fair bit into this 'long play' episode!
Chris Baskerville is a member of the Insolve Panel, to find out more, go to www.insolve.com.au/chris-baskerville/
