TOPIC: Talk Softly and Carry a Big Stick: Options for Businesses in Financial Distress
Date: Thursday, September 26, 2024
Time: 3:00-4:00pm ET
Member Price: $25.00
Speaker: Lisa C. Thompson, Esq., LL.M
Description:
A business in financial distress does not necessarily need to shut down and it also doesn't necessarily need to file bankruptcy. Sometimes all a business needs is breathing room and to control some of its creditors so it may reorganize. There are a few paths that it can take. Bankruptcy may be a great option, but it may not be the best option based on the goals of the business owners. Outside of bankruptcy, there are certain state laws that may assist with creditor negotiation or shutting down without filing a bankruptcy. Whatever the path, it is imperative to protect business owners that have personal guarantees. This seminar will cover the options for shutting down or reorganizing a business while protecting its owners.