As a creditor of a company in examinership at the moment I am wondering about a notion I have & is it workable?
If we're lucky the creditors will get 25% of what is owed. With the focus of examinership being to protect the future viability of the company in trouble in order to allow it to trade out of difficulty, one would hope the directors will work hard to save their company.
Rather than writing off the 75% (which I can't afford to do in any event, 25% of something is better than 100% of nothing!!) my question is:
Can a creditor, as part of the settlement, take a shareholding in the company in order to receive a dividend on the back of the company returning to profitability? Once the full debt is settled the shareholding would return to the directors.
It this workable? Has anyone other suggestions?
If we're lucky the creditors will get 25% of what is owed. With the focus of examinership being to protect the future viability of the company in trouble in order to allow it to trade out of difficulty, one would hope the directors will work hard to save their company.
Rather than writing off the 75% (which I can't afford to do in any event, 25% of something is better than 100% of nothing!!) my question is:
Can a creditor, as part of the settlement, take a shareholding in the company in order to receive a dividend on the back of the company returning to profitability? Once the full debt is settled the shareholding would return to the directors.
It this workable? Has anyone other suggestions?