Formal Restructuring & Insolvency (Barbados)

With a changing legislative landscape across the region we work with a wide range of formal restructuring and resolution frameworks available to corporates, individuals and their financial stakeholders.

We can give you a clear understanding of your options and a clear path to implementation which is crucial to protecting, restoring and enhancing value.

We act across the full range of deal size, complexity, sector and geography and our core services are:

Receiverships

Contractual and Equitable Receivers – In times of financial stress, secured lenders have a variety of options available to pursue outstanding monies owed from corporate entities. Receivership appointments are made by way of an order from the Court or under the terms of a contractual security document and can be an effective enforcement tool for a secured judgment creditor.

Bankruptcy and liquidations

Bankruptcy and liquidations are often used interchangeably and refer to the winding up of a business, the realisation of assets and the distributions to creditors.

Across the region several jurisdictions (Barbados, St Vincent and the Grenadines to name a few) have adopted a Canadian style Bankruptcy and Insolvency regime for the winding up of corporate entities. Whereas, other jurisdictions (i.e. Antigua and St Lucia - to name a few more) deal with the winding up entities via a liquidation process under the relevant companies act.

Across the region, Interpath have experience of delivering bankruptcy and liquidation services considering the recovery options available and returning money to creditors and stakeholders.

Implementation of financial restructuring and Proposals

Proposals, under the Bankruptcy and Insolvency Act, gives an insolvent company time to put a formal plan for the future of the business to its creditors. If agreed, the company and its creditors will work to deliver on the terms of the proposal to seek a better outcome for the parties than winding up the business.

Interpath can assist a company, or creditors, through a proposal process or act formally as Proposal Trustee.