Out of Court Workouts

If you face insolvency, you can quickly reorganize your debt through an out-of-court workout or restructuring. Through this alternative to Chapter 11 bankruptcy, you enter into a contractual agreement with your creditors to resolve your debt obligations and progress towards financial stability.

The benefits of a workout include:

  • Expediency
  • Cost effectiveness
  • Minimized business operations impact
  • No court order required for use of cash
  • A plan for financial stability
  • Safeguard against drop in employee morale
  • Protection from competitive action to exploit your situation
  • Minimized public scrutiny of your company‚Äôs financial situation

Restructurings can happen more quickly than one might imagine.

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