New approach to insolvency law could save struggling businesses and boost economy
The article discusses ways to help struggling companies avoid bankruptcy and protect the economy. It explains what happens when a company can't pay its debts, how agreements with creditors can help, and the responsibilities of directors. It also covers how different types of creditors are treated in insolvency cases and ways to predict business failure. The main focus is on finding solutions to keep companies afloat and prevent financial collapse.