This book aims to provide businesspeople and their advisers with practical guidance when buying or selling insolvent businesses, offering a detailed account of the legal and tax issues involved.
The authors are barrister Ted Harding, solicitor Bill Holohan and PwC accountant Ger O'Mahoney, who between them have more than 80 years' experience in the area.
The book covers practical insights into personal and corporate insolvency, including examinership and receivership, as well as how to structure transactions, acquire assets and deal with issues such as pensions, leases and employees.
It also includes detailed tax guidance, advice on how to retain customers and suppliers, and covers technical areas such as intellectual property, liabilities, guarantees and indemnities.
The book also gives practical advice on which insolvent businesses to acquire; on employee-related matters; on how to structure the business purchase; on how to go about valuing the business; on how to price the deal; on how to raise funds; and how to go about the processes of due legal and accounting diligence.