Lender and insolvency

Business Debt Hibernation

Business debt hibernation is a government initiative created in response to COVID-19. It helps companies, trusts, and other business entities affected by COVID-19 manage their liquidity problems.  The Companies Office website has a page summarising what the regime is for, with a step-by-step tool for determining whether it is a suitable option, and useful forms and templates.

Below is my summary of the process and key provisions.