Help, My Business is In Trouble!

Webinar Overview

This webinar provides an overview of various restructuring and liquidation methods, a framework for deciding among them, and practical tips for navigating the difficult environment of financial distress.

When a business becomes financially troubled, owners often experience denial, paralysis, overreaction, or all of the above. Lenders commonly lose confidence and trust in the business, as communications can break down, deadlines are missed, obligations go unfulfilled and promises are broken. Litigation may ensue.

Business failure can also lead to personal financial stress for owners, because of personal guarantees, other obligations for which there may be personal liability, and simply because a majority of an owner’s net worth is often tied to the business.

The good news is that a business and its owners usually have some options and even some leverage. This webinar explains what a business owner should—and should not—consider and do when dealing with financial stress and distress. Specific topics include the possibility of bankruptcy (Chapters 7 and 11), assignments for the benefit of creditors, and friendly foreclosures.

Other Webinars in this Series

• Currently, there are no other webinars in this series.