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 an out of court workout include:
- 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’s financial situation
Restructurings can happen more quickly than one might imagine.
Achieve financial stability with out of court workouts
The lawyers from Kutner Brinen, P.C. are experienced in guiding clients through out-of-court workouts. Schedule a free consultation with us today and begin your path towards financial stability.