Bankruptcy Alternatives

444 West Ocean Boulevard,
Suite 1400
Long Beach, CA 90802
Phone: 562-435-0800
Fax: 562-435-6335


Choosing the Right Option

Owners and managers of organizations facing crises face a very difficult task in choosing the correct path to follow. Not only do they juggle day-to-day operational issues, but they are also thrust into the complex world of lawyers and legal options.  We help owners and managers navigate through crisis to an alternative best suited to resolve the overall situation.

We have learned from our many years of experience that decisions of owners and managers during business crises must be made carefully and with results that are predictable.  To accomplish these objectives, we examine each case based upon its own  facts and we do not attempt to employ boilerplate methodology to every circumstance we encounter.  Instead of adopting a Aone-size-fits-all@ approach, we gather information, determine and evaluate the obstacles and fashion a plan that either resolves, avoids, or lessens the impact of the circumstances threatening the organization.

Initial meeting. We always conduct an initial meeting with the owners and managers of an organization. Often with their attorneys and accountants in attendance.  We offer this consultation at no charge.  The purpose of the meeting is to make an initial determination as to whether we are a Agood fit@ and whether we offer services that are relevant to the particular crises or difficulties from which the organization suffers.  If we can be of help, and we are a Agood fit@ with the owners and/or managers of the organization, we will become engaged to make an evaluation.

We perform an evaluation.  Depending upon the circumstances, we will perform a full analysis of the business organization, including its history, its assets, liabilities, and financial transactions. Where appropriate we obtain valuations of key assets.  We perform this evaluation of the available options to assist owners and managers in making the best possible choice. Once we understand the organization and the nature of the problems it confronts at, we formulate and recommend a plan (or plans) of action that take  into account the special circumstances involved.  It is important to us that any plan we formulate offers outcomes and costs (including our fees) that are reasonably predictable. We perform our evaluation for a negotiated, up front, fixed fee.