New PDF release: The business turnaround & bankruptcy kit

By John Ventura

ISBN-10: 0793160448

ISBN-13: 9780793160440

The enterprise Turnaround & financial disaster package is a solidly awarded consultant for adequately assessing one's monetary thoughts whilst contemplating the potential for mentioning financial ruin. Written by means of expert financial disaster lawyer John Ventura, The enterprise Turnaround & financial ruin package bargains indicators for spotting critical company hassle, recommendation for locating caliber specialist support with one's enterprise financing (recommending that one should not try and deal with a turnaround or a financial disaster through oneself), innovations for dealing successfully with insistent collectors and concerned staff, and lots more and plenty extra. when you are considering financial ruin in your supplier, then supply critical consciousness to John Ventura's The company Turnaround & financial ruin package.

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If your business makes a preferential payment prior to filing for Chapter 7, the bankruptcy trustee will try to get the money back so that he or she can distribute those funds among your business’s creditors according to the priorities set out in federal bankruptcy law. The “Some Debts Are More Important Than Others” section later in this chapter explains those priorities. If your business makes a preferential payment prior to beginning a Chapter 11 bankruptcy, some of your business’s creditors may file motions with the court asking that the payment be reversed.

2 / D e a l i n g w i t h S t r e s s a n d E m o t i o n W h e n Yo u r B u s i n e s s I s i n C r i s i s 21 • Pamper yourself. Do something totally self-indulgent once in a while. Take a long hot bath, curl up on the couch with a good book, take a nap, get a massage, get an acupuncture treatment, schedule a pedicure, watch your favorite sports show, etc. Don’t Give In to Self-Doubt Self-doubt can be another big enemy when you are faced with a financially struggling business. Once your business’s troubles begin, you may experience a crisis of confidence, questioning your judgment, your business skills, your past decisions, and your ability to make decisions in the future.

Your local, county, or state bar association. Bar associations often maintain lawyer referral services. However, a bar association referral is not equivalent to a recommendation. • The turnaround firm your business may be working with. Many firms have their own bankruptcy attorneys on staff or have business relationships with bankruptcy attorneys. org>. This organization certifies attorneys in both business and consumer bankruptcy law. S. bankruptcy trustee with the federal district bankruptcy court in your area may be another source of attorney names.

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The business turnaround & bankruptcy kit by John Ventura

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