When Reorganization Makes Sense
Contact Us: (510) 227-5325
About Us. We bring a unique combination of legal & financial expertise to the bankruptcy field. This integration of skills is rare in the legal field, but often invaluable for reaching consensus with creditors and achieving a successful reorganization. Read more about our expertise, here.
When A Business Bankruptcy Makes Sense
Emerging From the Recession. Even now, many businesses are still recovering from the Great Recession. This can be particularly frustrating if business operations have improved, but certain creditors are unwilling make even reasonable adjustment to repayment terms. Chapter 11 bankruptcy is a means to bring all parties to the table, and to facilitate negotiation. Chapter 11 can often prevent a single creditor from controlling the fate of all other parties in interest.
Cash Crunch. For many businesses, profitability may be attainable, but immediate cash flow is the problem. Nothing will impact operations faster than inadequate working capital. Sometimes it's just a question of restructuring payment and negotiating some breathing room.
San Francisco, Oakland, East Bay, San Jose & Peninsula
Owner's Liability on Business Debts. For small and mid-sized businesses, it can be particularly difficult for owners to escape personal liability on business debts. When an owner has guaranteed business obligations, or pledged personal assets as collateral, the stakes of business failure increase. A global strategy, and competent advise are crucial.
Out-of-Court Restructuring. Bankruptcy is a powerful tool, but it's not necessarily the first step. In many instances, business creditors will recognize the value of a consensual workout with the business. Out-of-court restructurings are always an initial option to explore.
Business Sale. In addition, a business owner may be looking to sell the business, and conducting the transaction through bankruptcy may be the most effective means of prevent creditors from seizing individual assets while the transactions is conducted.
Contact Us To Set Up A Free Initial Consultation.
Call Us: (510) 227-5325
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Address: 1300 Clay St., #600, Oakland, CA 94612
Mon. - Fri., 8:30 a.m. - 5:30 p.m.
Sat. & Sun., by appointment