Financial Poise
Restructuring Insolvency - My Biz is in Trouble

Help, My Business is In Trouble! 2019

When a business becomes financially troubled, the business owner often experiences denial, paralysis, or both. Lenders commonly lose confidence and then trust in the business, as communications tend to break down, deadlines are missed, and promises are broken. Small business owners commonly have issued personal guarantees, so business failure can often lead to personal financial stress. The good news is the business and business owner usually has some options, and even some leverage. This webinar explains what a business owner should- and should not- consider and do when dealing with financial trouble. Specific topics include discussion of bankruptcy (Chapters 7 and 11); assignments for the benefit of creditors; and friendly foreclosures. This webinar provides the business owner and her advisors with an overview of various restructuring and liquidation methods, a framework for how to decide between them, and practical tips for traversing the difficult environment that is financial distress.

Webinar Faculty


Whitney C. Fogelberg
Whitney C. Fogelberg

Whitney Fogelberg is a restructuring associate in Kirkland's Chicago office. Whitney represents both debtor and creditor clients in complex Chapter 11 reorganizations; advises purchasers and sellers in bankruptcy transactions and… Read More


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Jim Bienias

Jim leverages more than 15 years of experience in working with underperforming and distressed large and middle-market companies to help navigate a company’s most challenging situations.  Jim’s clients benefit from… Read More

Jonathan Friedland
Jonathan Friedland

Jonathan Friedland is a senior partner in Sugar Felsenthal Grais & Helsinger LLP’s Chicago office. He is ranked AV® Preeminent™ by, has been repeatedly recognized as a “SuperLawyer”, by Leading… Read More

Michael Riela
Michael Riela

Mike Riela is a partner in Tannenbaum Helpern’s Creditors’ Rights and Business Reorganization practice. With more than 15 years of experience, Mike advises companies on complex restructuring, distressed M&A, loan… Read More