Have you been approached by a customer for more money? Not sure if it is wise to extend the lending? Concerned you won’t get it back? Don’t have the resources to investigate thoroughly?
Whilst as a secured creditor of a distressed company you have legal rights, you may still be in the position to help your customers navigate through the financial distress or even deliver on their growth strategy. Before you make the decision, you’ll need to know your funds will actually help and that you will get them back.
Whether it be requests for further lending or concerns about a company’s business going forward, our team of experienced insolvency practitioners are able to quickly assess the “pulse” of the business and advise on potential options which will not only maximise recovery of the debt but also the possibilities of trading going forward.
We help New Zealand banks and lending institutions with a range of portfolio, lending and customer reorganisation issues. We use our deep understanding of lender requirements to help you make an objective assessment of the borrower, their trading prospects and your own security position by providing you with:
Talk to one of our team about how we can help you objectively evaluate your options as a secured creditor.