Restructuring means cutting costs and boosting your business.Finding a source of financing, cutting costs and boosting sales arethe first steps that a company needs to take when it is infinancial trouble, but, figures aside, people are the first to helpthe business back to its feet. This is the conclusion reached byover 120 businesspeople, lawyers and consultants attendingyesterday's conference "Restructure before going into crisis! Whatlessons can be learned from companies that could not avoidinsolvency," organised by ZF in partnership with Romtelecom, lawfirm Peli Filip and fiscal consultancy LeitnerLeitner, who foundthree solutions to avoid bankruptcy: consensual restructuring,preventive settlement and insolvency.
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