Most companies enter a restructuring process due to some form of current or expected financial crisis. After the decision has been made that an organization requires restructuring, the company will typically seek to reduce debts either through a bankruptcy proceeding, ABC process, or the sale or spin-off of unprofitable business lines or assets. Once a restructuring plan has been devised to deal with the imminent financial troubles, most companies typically require an organizational or strategic restructuring plan to be put into place in order to get the company back on track and avoid future financial troubles.
Managing this type of…
When the decision has been made to wind down or dissolve a company, there are several options to consider that will serve to formally dissolve an organization while maximizing shareholder value.
There are many factors that go into choosing what option is best suited for your own company’s circumstances, and the help of a qualified advisor can ensure that you make the best decision. Here are four common wind down options.
Corporate Dissolution
A corporate dissolution is a formal process of closing a business and ending its corporate existence. This process is typically managed by a company director or a…
When a company is in crisis and struggling to pay its debts, business owners are often faced with bankruptcy as a last resort. Yet, there are several Non (or Pre) Bankruptcy alternatives that may be available to help a company navigate a financial crisis or closure. Depending on the severity of a business’s crisis, these alternatives may or may not save the company from closure. They will, however, help the business, its owners, and its investors avoid the unnecessary costs and potential credit ramifications of bankruptcy.
If you are a business owner that is at the point of considering bankruptcy…
James Gansman
James Gansman is a Managing Director at Rock Creek Advisors LLC.
