Holding Rescue to Ransom during insolvency

Corporate Insolvency Practitioners spend approximately a quarter of their time working on rescue and turnaround; and it is estimated that in 2009, the insolvency industry was responsible for rescuing around 5,851 businesses. But the ability of the insolvency profession to secure business rescue (and consequently save jobs) depends on various factors - one of which is suppliers’ willingness to continue to supply their services during formal insolvency.