When a business is in financial distress, it must take decisive action to preserve its future and recover. Left unattended, a business’s financial problems can destroy the company and ultimately the owners’ business and personal relationships. The SFS Law Group has often worked with businesses to restructure, renegotiate and work out relationships with creditors, feuding owners, and unexpected claims.
In some cases, however, the protection of Bankruptcy provides clients with reorganization and restructuring opportunities that are unavailable without the special powers and provisions of Bankruptcy law. Reorganization can provide solutions to all stakeholders and preserve business values for the benefit of all stakeholders. Depending on what form of bankruptcy relief a business pursues, it may gain the opportunity to reorganize, create plans for dealing with debts, and preserve the value of the businesses’ assets. For many small businesses, the financial security of owners is threatened by guarantee obligations and the vulnerability of other assets to creditor claims. How those clients respond to the challenge of creditor claims and business distress often has an impact of family, customers, and other relationships.
Dennis O’Dea, the lead attorney at the SFS Law Group, has more than 30 years experience practicing bankruptcy law. He brings his past experience as a legacy law firm partner to help businesses of all sizes. The SFS Law Group uses technology and streamlined operations to provide sophisticated legal services. Its innovative approach to bankruptcy and insolvency law helps our clients implement the best solution for their needs.
If your business is struggling or confronting unexpected claims , you should seek legal advice before it’s too late. To speak to a highly experienced bankruptcy attorney who represents clients in Charlotte or anywhere in North Carolina, Washington, D.C., or New York, contact the SFS Law Group today.
Experienced Bankruptcy Law Firm Serves Charlotte, NC, Businesses.
The right kind of bankruptcy can provide a solution for businesses in financial distress.
SFS LAW GROUP