Restructuring vs. Repossession

The strategic decision making process of a work out involves establishing the cost effectiveness of a repossession and the real cost of putting an asset through a judicial sale at auction compared with a comprehensive restructuring. SecondWind is uniquely based to analyse the various options and advice as to the cost and practicalities of opting for arrest and sale through auction in various jurisdictions.

SecondWind offers management support to ship owners and their banks during a review, work out and restructuring as well as professional advice as to the choice of restructuring options.

SecondWind provides operational support in locating assets together with practical arrangements for arrest and auction; ultimately assisting in the disposal of vessels either before or after auction.