John Ventura, «Business Turnaround and Bankruptcy Kit»
Kaplan Business | ISBN 0793160448 | 2003-04-14 | 224 pages | PDF | 2.5 Mb
Bankruptcy filings are at historic highs among American businesses suffering from recent economic downturns. A variety of options exists to save companies, but the selection dwindles over time if business owners refuse to face the facts and take action, according to nationally renowned bankruptcy attorney John Ventura. Choosing the best option is important, he says, whether it be a turnaround/workout, Chapter 7 bankruptcy (liquidation), or Chapter 11 bankruptcy (reorganization). Ventura offers advice about which option to select, along with other valuable information and tools for owners of small to medium-sized businesses looking to navigate through difficult financial situations.
Readers will learn how to:
*Identify warning signs and the potential business implications.
*Develop a turnaround plan and deal with business constituents.
*Hire a professional to help the company through the crisis.
*Immediately improve a company's cash situation to best weather the workout or bankruptcy crisis.
*Negotiate with suppliers, creditors, and others from start to finish.
*Use bankruptcy as part of a strategy to stay in business.
The Business Turnaround and Bankruptcy Kit also includes a glossary of terms readers are likely to encounter when their business is in jeopardy, as well as sample bankruptcy forms and worksheets.
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