When it comes to debt, the typical business owner is almost always faced with bad advice. That’s because attorneys do not understand how to handle debt problems correctly. They recommend bankruptcy for most people because litigation is their language.
At the point of insolvency, debt resolution is achieved through an alternative form of asset liquidation that preserves underlying business value while fully resolving debt. When value is preserved, all parties can benefit— borrowers and creditors alike—in a solution that is far more rational than incurring new debt, facing bankruptcy or forced liquidation. The reorganizational path to addressing unsupportable debt preserves businesses, jobs and economic activity that have been needlessly destroyed for far too long by a broken bankruptcy system. This is what we do for clients every day.
