Now, Boart has begun working with a different set of advisers—the Australian restructuring group at law firm Ashurst LLP, and insolvency practitioners KordaMentha—that specialize in radical measures to save companies from financial collapse, the people said......
Advice from Australian insolvency firms such as KordaMentha has been sought by companies as diverse as power producer Alinta Energy and apparel retailer Colorado Group in recent years. Alinta escaped bankruptcy by restructuring its debt, while Colorado was later declared insolvent.
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