WHY IS IT SO IMPORTANT FIGURE OF ECONOMISTS, LAWYERS AND CONSULTANTS FOR bankruptcy. The importance of a multidisciplinary team for the pre-bankruptcy and bankruptcy phase. Arriaga Associates, experts in SMEs. Now also in Zaragoza, SPAIN Reviewed by Momizat on .   PHASE PRE-BANKRUPTCY AND INSOLVENCY Companies when they have financial difficulties, especially SMEs, have a tendency to endure, without hope of solution, unt   PHASE PRE-BANKRUPTCY AND INSOLVENCY Companies when they have financial difficulties, especially SMEs, have a tendency to endure, without hope of solution, unt Rating: 0
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WHY IS IT SO IMPORTANT FIGURE OF ECONOMISTS, LAWYERS AND CONSULTANTS FOR bankruptcy. The importance of a multidisciplinary team for the pre-bankruptcy and bankruptcy phase. Arriaga Associates, experts in SMEs. Now also in Zaragoza, SPAIN

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PHASE PRE-BANKRUPTCY AND INSOLVENCY

Companies when they have financial difficulties, especially SMEs, have a tendency to endure, without hope of solution, until the end. They tend to make management of survival until the situation is unsustainable, and only at the end, they turn to professionals to try to save perhaps the last, or what it is but to organize the order of business. The bankruptcy is often the failure to certify final. The bankruptcy is seen as a punishment for the image of the entrepreneur and not as a tool to protect the company and the entrepreneur. The bankruptcy is more than social stigma of an opportunity for the employer, who may well spent elevation.

However, a company, the earlier act, the more likely it is to reverse the situation of financial difficulties to avoid bankruptcy or to use it in a way that allows restoring the company. Sometimes the goal is to save the employer’s responsibility and his personal wealth.

But business managers, business owners have many difficulties on their own to raise in a proactive and organized the financing or refinancing of the company to reach agreements with all that influence the business: banks, financial institutions, suppliers, creditors, customers, employees, etc.. Managers of companies in crisis, especially SMEs, are usually locked in a suffocating situation, do not have liquidity and many suppliers refuse to deliver orders. This situation is very difficult to turn around the company.

However, a consulting firm, lawyers, economists, consultants, legal expertise and business consulting, can present a plan to solve many problems. You can use the fear to the suppliers and financial institutions that have lent money to the company. Can reorganize the debt with a plan in which all creditors, banks and suppliers, can be guaranteed that their debt is protected, or at least, is not more injured.

Economists and lawyers, consultants and advisors can be a key player in developing the proposals, reports and all documentation is crucial in a negotiation.

But not all solutions will come to raise a pre-insolvency or bankruptcy as leverage to force creditors to negotiate, but can also be a new approach to business plan that could exploit opportunities.

Also, if there is a different business plan, the consultant will need to pile the implementation of the new plan. Companies ignore the extent to which they are involved in day to day to consider a shift from company to impact the different results. The managers and company owners are very attentive to solve day to day and barely able to consider new challenges. Also, sometimes, lack of human and economic resources to prevent a change that will impact favorably on the results.

Arriaga Associates has a team of consultants, lawyers and economists with expertise in bankruptcy and refinancing companies. So it can help companies because:

  • We are specialized in SMEs, where there is more flexibility to work more effectively.
  • We have a highly qualified team in the legal, financial, marketing, purchasing, operations, human resources, etc. experience to raise and deliver a positive and radical change.
  • We get involved with our clients so that we ourselves who we deal with much of the process.
  • We guarantee our link to your business plan establishing our fees on performance targets. This system widely used in the United States guarantees our link to your business plan and our active search for opportunities.

Our way of working involves setting a specific analysis for each of our clients, to study the potential of achieving objectives and propose a budget and a very interesting form of payment. So if you want to continue talking of what we can do for you and your company, please contact us, request an interview and talk about how we can turn to your company. It will cost money we do not win or you do not reward effort.

Jesús María Ruiz de Arriaga Remírez

Lawyer, Economist. Consultant and advisor to companies

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