A surefire way to turnaround a company on the brink
Well perhaps not surefire.
When a company gets to a point where there seems to be no end in sight (to its troubles), but at it’s core there is an underlying business worth saving there is an alternative to going into liquidation.
This arrangement is known as a Deed of Company Arrangement (DOCA). Check out how the mechanics of these arrangments work – DOCA Mechanics Explained