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When a business goes under, it can leave behind large debts. Some struggling companies use what's known as pre-insolvency advisors who are meant to help them restructure to stay afloat - but in this case, the advice was to strip out money and assets to avoid paying debts to creditors. | 7.30
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19 reactions | GO First News: Delayed flights, nonfunctional website and no further booking notice later, India’s Go Airlines on Tuesday declared that it was filing for voluntary insolvency proceedings with the National Company Law Tribunal (NCLT), blaming engine manufacturer Pratt & Whitney (P&W) for its financial situation. So what does this mean? We Explain. #GOFirst #GoFirstNews #GOAirlines | Indian Express | Facebook
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