Corporate Rescue
/ˈkɔːrpərɪt rɪˈskjuːs/
Definitions
- (n.) A legal process or set of procedures aimed at rehabilitating a financially distressed corporation to avoid insolvency or liquidation.
The company entered corporate rescue to restructure its debts and continue operations.
- (n.) Specific statutory mechanisms such as administration or examinership that provide protection from creditors during restructuring.
Under the corporate rescue framework, the firm gained temporary relief from creditors.
Forms
- corporate rescue
Related terms
See also
Commentary
Corporate rescue typically emphasizes preserving business value by restructuring rather than liquidating; drafting should clarify whether it refers to statutory procedures or broader informal arrangements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.