Financial Condition A for Part 26A restructuring plans Restructuring plans (RPs) have been available since June 2020 provided that various conditions are met, including—Condition A: ‘the company has encountered, or is likely to encounter, financial difficulties that are affecting, or will or may affect its ability to carry on business as a going concern’. It is this extra requirement of financial Condition A which has led some to argue that unlike Part 26 schemes of arrangement (schemes) (which plainly can be solvent or insolvent, see Practice Note: Tracker of Part 26 scheme/Part 26A restructuring plan hearing dates), RPs are an insolvency proceeding (see Practice Note: Part 26A restructuring plans: history, rationale and scope and discussion at paras [15.56]–[15.67] of Howard, Warner & Beatty Restructuring Law & Practice). No further guidance is provided in the Companies Act 2006 (CA 2006) on the meaning or scope of the term ‘financial difficulties’, which is potentially very broad. Condition A is certainly a lower hurdle to satisfy for RPs than the corresponding requirement