COVID 19 – Holding DOCA - the solution to the liquidity trap and building financial bridges
30 March 2020
We think that there are good reasons to think it will be part of the solution and if you are experiencing cash flow difficulties or think that your business is on the brink of insolvency but is otherwise a good and profitable business and worth saving, we may be able to assist in “building that bridge” with the use of a holding DOCA until our social and working lives return to normal.
Temporary relief for financially distressed businesses
23 March 2020
The economic impacts of the Coronavirus and health measures to prevent its spread could see many otherwise profitable and viable businesses temporarily face financial distress. It is important that these businesses have a safety net to make sure that when the crisis has passed they can resume normal business operations. One element of that safety net is to lessen the threat of actions that could unnecessarily push them into insolvency and force the winding up of the business.
Started in the tail -end of last year, COVID-19 has infected more than 80,000 people in China and more than 220,000 globally. As this particularly distressing time, the team at Barrett Walker wants to check in with you to make sure you are alright. We want to let you know we are here to support you and we are all in this together. In the meantime we recommend that you remain informed of the latest development of COVID-19, practice social distancing, and check in with your friends and family when you can.