Predictably, unresolved cash shortages lead to insolvency. When new funding or refinancing are not achievable – and when total assets are worth less than total liabilities – an insolvent entity must restructure.
This may be achieved through a comprehensive out-of-court workout or through the U.S. Bankruptcy Court. These are often welcome alternatives to liquidation.At this juncture, a client must make immediate decisions about the business’ viability and its best route to restructuring, and there is no margin for error.
South Bay Law Firm has extensive expertise in both judicial and non-judicial insolvency proceedings, and is able to assess its clients’ best tactical options and assist them in achieving maximum recovery.