In the course of business rescue proceedings, a company has the option to secure financing, potentially protected by any of its unencumbered assets (s 135(2)). This post-commencement financing can be crucial for the successful outcome of the business rescue process, although it can be challenging to secure (Bradstreet (2011) 128 SALJ 352 359).
paraphrase and keep the sources in the brackets:
During business rescue proceedings, a company may obtain
financing, secured if necessary by any of the company’s
assets which are not otherwise encumbered (s 135(2)).
Post-commencement financing may well be essential to the
success of business rescue proceedings but difficult to
arrange (Bradstreet (2011) 128 SALJ 352 359).
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