No one sets out to build a business in Walnut Creek, Bakersfield, Sacramento, San Francisco, Fresno, Santa Rosa, CA, and the surrounding areas only to destroy it later, but through a number of reasons why, some businesses end up going bankrupt. At Sugarman & Company LLP, we can help any business deal with a business bankruptcy, and we can often help to dissolve the business in such a way as to satisfy all parties involved without having to resort to a Chapter 11 filing. Usually, it is the business debts that have become too large to be sustainable for the business, and they end up crumbling under the weight of that debt. We will do our best to avoid bankruptcy for the business and for all others involved in seeing a business successful, but sometimes bankruptcy is the best option available. If you find that your business is on the brink, contact us right away for expert advice and guidance.
Bankruptcy Really Should Be the Last Resort
When a business is having financial problems, it can make a big difference to bring in a team of experts to help right the ship. We will work with all of the stakeholders in the business, from the owner to the creditors and anyone else that has a vested interest in seeing the business get back on its feet and succeed. When the business succeeds then everyone else will succeed, and those debts will likely be paid off in full rather than in part.
Of course, a business can end up folding anyway, and our team is there to help work with everyone to get to a resolution that works. While filing bankruptcy might be the right answer, we like to think creatively and will look to provide custom options that can either provide for a better dissolution option or otherwise make everyone as whole as possible.
We Offer a Number of Services
It is always best to have an analysis of a business before things get truly bad, but no time is a bad time for many of our services for businesses. We can help with workforce reductions, which can help to secure financial resources for other purposes. We can be the crisis manager when leadership is nonexistent and even provide forensic accounting to ensure that the books reflect activities correctly. All of these and more can provide the necessary framework that leads to a better positioned business entity.
You might have heard of different companies in Walnut Creek, Bakersfield, Sacramento, San Francisco, Fresno, Santa Rosa, CA, and the surrounding areas offering similar services, but none has the 50-year track record that we do at Sugarman & Company LLP. Struggling businesses often have several key aspects that, when changed, can often lead to a successful turnaround. Contact us today to learn more and bring on our business experts.