Tradition demands that the department be renamed every few years to highlight the main focus of their work. The name changes seem to follow the economic cycle. Have I missed any out?
- Business recovery
- Business restructuring
- Corporate recovery
- Corporate restructuring
- Recovery, Reorganisations and Renewals
- Restructuring and Insolvency
R3 (apparently a ref to: Recovery, Reorganisations and Renewals) currently focuses on the insolvency and business recovery profession and is described as the Association of Business Recovery professionals.
INSOL (Suggesting an intial focus on Insolvency) is the International Association of Restructuring, Insolvency & Bankruptcy Professionals.
Further suggestions, observations welcome.