In many cases, it is possible to avoid bankruptcy through business reorganization or restructuring. Bose McKinney & Evans has guided many businesses through the business reorganization process and helped them emerge as viable enterprises instead of shutting their doors.
The process begins by carefully examining the state of the business. We work hard to establish a strong working relationship with management because their cooperation plays a key role in achieving a successful outcome.
Once the major challenges are understood, we form a strategy that might include a restructuring of debts, a partial sale of assets, a Chapter 11 filing or liquidation under Chapter 7 of the bankruptcy code. Because a cash flow solution is almost always better than liquidation, we seek to achieve that result whenever possible.
We know that our business clients have poured their hearts and souls into building their companies and we work with them to restore the viability of the company through business reorganization, restructuring of debts or out-of-court workout.