What is Examinership?

Examinership is a preventive restructuring process whereby the protection of the Court is obtained to assist the survival of a company. Essentially it allows a company to restructure with the approval of the Courts. The usual outcome of the process is

  • Creditors balances are reduced
  • Assets of the company are protected
  • Investment is obtained

Directors remain in control of the business during the examination process whereby the process is supervised by the Examiner, who is a licenced Insolvency practitioner.

Examinership is an option available to any company facing financial difficulties that enables it to explore all opportunities to provide for its survival. It is a management friendly process that is inclusive of customers, creditors, suppliers and staff.