ATTORNEY BANKRUPTCY. ECONOMIST BANKRUPTCY. CONSULTANT BANKRUPTCY. ARRIAGA ASSOCIATES HAS A MULTIDISCIPLINARY TEAM TO MANAGE A BANKRUPTCY SUCCESSFULLY.
LAWYERS, ECONOMISTS AND MANAGEMENT CONSULTANTS FOR A SUCCESSFUL BANKRUPTCY.
A bankruptcy can save your company. Of course, if you know how to manage well and on time.
The first thing to do is to save old prejudices about the bankruptcy proceedings. We must stop thinking about bankruptcy as a personal failure. Quite the contrary, is the mechanism to get to save the company and basically hurt fewer people. Also, if a bankruptcy is not time well, sooner or later have to do it, even then very badly managed and in a disaster.
A meeting of creditors must be managed as a tool to save the company. Must serve to secure funding and the company needs to save a temporary lack of funding or lack of results.
Managing a bankruptcy is not handling a bankruptcy. There are many ways to manage the bankruptcy and may have different functions. You can use the bankruptcy proceedings, or the mere threat of presenting it as a way to get more to get bank financing or refinancing the old debt. Banks hate the bankruptcy proceedings.
With a bankruptcy is achieved that all debt is the debt standstill and yields no interest. With a bankruptcy you can get this debt paid leave for many years and take away important. With a bankruptcy you can get rehabilitate supply contracts, rent and avoid eviction.
The bankruptcy can be used to stop and to think how to manage the company in the future. Without the pressure of the payments it is easier to present a business plan, a plan for viability. This feasibility plan can be used to reach agreement with creditors that will allow the company to be saved.
But if the end can not avoid the liquidation of the company much better than the company itself is looking for a solution instead of being the administrator to liquidate the assets at bargain prices.
But most important of all is that with the application for insolvency proceedings in a timely and good management thereof may minimize the risks and responsibilities for managers and entrepreneurs.
Arriaga Associates has lawyers, economists, financial consultants and capable of managing a successful bankruptcy. Arriaga Associates can finance the bankruptcy process.
Jes√ļs Mar√≠a Ruiz de Arriaga
Lawyer, economist and consultant. Expert in Bankruptcy Law.