5. What sort of phoenix is it?

What's the difference between an illegal phoenix, a legal phoenix and a restructure. Is a legal phoenix even really a thing?In this bumper episode, Chris throws the light on the mythical bird that rose from the ashes - as it relates to a company in financial distress. We discuss:A how to guide to the classic illegal phoenix and why you'll get in trouble nowWhen it isn't illegal but it's just badOptions on how to legally restructureWhat should a creditor keep in mind?Chris is a humanitarian, what's his proudest restructuring moment?Tune in, we packed a fair bit into this 'long play' episode! Chris Baskerville is a member of the Insolve Panel, to find out more, go to www.insolve.com.au/chris-baskerville/