Safeguards in a downturn
Thomas, Iain
Safeguards in a downturn - 2008 - Estates Gazette (0849) 13 December 2008, 58-60(3) .
Article discusses the possibility that debt-funded developments may not be viable and explores the available options when things go wrong. Looks at debt refinancing and additional funding, in addition to formal/legal options. These include court proceedings, repossession and the appointment of an administrator. The authors also look at how delays may also have planning consequences and the need for clear communications between all interested parties at an early a stage as possible.
United Kingdom--
Safeguards in a downturn - 2008 - Estates Gazette (0849) 13 December 2008, 58-60(3) .
Article discusses the possibility that debt-funded developments may not be viable and explores the available options when things go wrong. Looks at debt refinancing and additional funding, in addition to formal/legal options. These include court proceedings, repossession and the appointment of an administrator. The authors also look at how delays may also have planning consequences and the need for clear communications between all interested parties at an early a stage as possible.
United Kingdom--