De Abreu, Nicole Varela Aguiar(University of Pretoria, 2018)
Background: The direct costs associated with business rescue proceedings are integral to the decision-making of directors, business rescue practitioners and other affected parties. Business rescue has been criticised for ...
PURPOSE : Business rescue, as a mechanism to aid financially distressed companies in South Africa, has received considerable academic and practical recognition. However, the business rescue plan is an overlooked and, ...
Rosslyn-Smith, Wesley John; De Abreu, Nicole Varela Aguiar; Pretorius, Marius(NISC Pty (Ltd) and Informa Limited (trading as Taylor & Francis Group), 2020)
It may be argued that the indirect costs of financial distress are substantially higher than the direct costs. Consequently, indirect costs of participating in a formal turnaround may hinder the success of a reorganisation ...
