Business rescue and insolvency options ... Rule of six


  • Introduced in 1987 but became mainstream in 2003
  • Includes a moratorium to helps keep the business intact
  • Directors usually appoint the administrator but often at the behest of a lender
  • The most common type is the so called "pre-pack"
  • Costly so only suitable for larger businesses
  • Ends with dissolution or liquidation

... helping FSB members through difficult times ...