What to keep in mind
Build an accurate payment schedule, identify essential suppliers, document standstills, extensions, guarantees and consequences of renewed default.
An unrealistic promise can worsen both liquidity and creditor confidence.
Distinctions often confused
Extending a payment deadline is not the same as waiving the underlying claim.
Frequently asked questions
Can suppliers agree to installment payments?
Yes, through a documented agreement suited to the obligations.
Should the new agreement preserve existing guarantees?
Their continued scope and enforceability should be addressed expressly.
Informational content. It is not a substitute for professional advice.