This article deals with the law of the Slovak Republic and its application by Slovak courts and authorities.
Many entrepreneurs see restructuring as admitting failure. In reality it’s a tool that can save a company — if used in time.
The first signal is when the company struggles to meet due obligations and cash runs short before revenue arrives. At that moment almost all options are still on the table.
The second signal is creditor pressure and looming enforcement. The room narrows here, but a managed restructuring can still protect the core of the business.
Our advice is simple: don’t wait for the third signal. A consultation at the right time is the cheapest investment in your company’s survival.
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