Don’t Wait! What Businesses Should do at the First Sign of Financial Trouble

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One of the worst things a business owner can do is wait too long to seek restructuring and insolvency advice once financial distress arises. This includes waiting until all of the money is gone, signing the forbearance that waives all owner’s rights when lenders are out of patience, or the foreclosure is tomorrow. Saving the business takes time and money, but Bankruptcy & Creditor’s Rights Practice Group members Vickie L. Driver and Crissie W. Stephenson explain how experienced legal counsel can help business owners address issues See more +
One of the worst things a business owner can do is wait too long to seek restructuring and insolvency advice once financial distress arises. This includes waiting until all of the money is gone, signing the forbearance that waives all owner’s rights when lenders are out of patience, or the foreclosure is tomorrow. Saving the business takes time and money, but Bankruptcy & Creditor’s Rights Practice Group members Vickie L. Driver and Crissie W. Stephenson explain how experienced legal counsel can help business owners address issues right away instead of enduring additional financial hurdles. See less -
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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