Borrowing breach finally tipped the balance

December 2004
Cabinet Maker;12/3/2004, Issue 5417, p3
Trade Publication
Reports on the business failure of Courts PLC in Great Britain. Presentation of a revised business plan to bankers in the hope for the approval of commercial loans; Recruitment of restructuring firm Alvarez & Marsal to formulate other options for the British operation headed by Alan Fort; Failure of the banking institutions to grant the waivers requested by Courts PLC.


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