Alternative financial services compensate banks retreat. What can you do?
What alternatives financial services exist to arrange financing, grow and protect wealth, invest in or sell a company, or save on other services?
Banks reduce SMEs lending services. What is happening?
Lending to non-financial corporations in Europe is declining since years while much funds are idle and central banks’ interests low. Banks reduce SMEs lending services especially in the stressed Euro periphery with consequences.
After noticing in a previous paper that the improved Greek legal framework for insolvencies, which still seems dysfunctional in some aspects, and the recent recapitalization of banks open opportunities to companies and entrepreneurs to restructure their businesses, we address some of the steps to undertake for either out-of-court or in-court restructuring to save long term survival of a viable business.