Insolvency PlanningGreenberg & Co. has extensive experience in dealing with insolvent businesses. Our emphasis is on distressed business management, restructuring/workouts, and pre-bankruptcy/insolvency planning. The staff of experienced attorneys with our firm makes us a first-rate choice to represent businesses that are in an operating or financial abyss. Our principal has over 35 years of experience in providing solutions to distressed and troubled businesses.
We offer the following services:
Distressed Business Management:
If your business is financially distressed, our firm will help you to determine the options and best strategy for maximization of your investment. If requested, we will help manage your business and creditors. We have experience negotiating with a significant number of creditors, investors, vendors and key employees to move forward. Alternatively, we provide an independent assessment when protection in a bankruptcy/insolvency or an asset sale makes sense.
Restructuring and Workouts:
Our restructuring and workout practice lends a hand to those who are unsure of how to get their business back to a stable state. We fully understand that all distressed businesses are different and that the solutions will be different for each one as well. We offer independent “real world assessment” and a unique restructuring plan for each client. We will help you to sort through all your options and find the solution that works best for your business’s situation and environment.
Our extensive understanding of the practicality of workouts outside of bankruptcy/insolvency, or within a protected environment can help you to decide if bankruptcy/insolvency is the best solution for you. There are times when bankruptcy is inevitable, and we strive to prevent this in any way that we can. If bankruptcy is inescapable, then we will walk our clients through the necessary process. In addition to our experience in distressed businesses, our firm uses our familiarity with other areas of the law such as asset protection, business structures, and estate planning to protect your assets and get a fresh start.
By now, you are familiar with the key concepts underscoring the need for asset protection. You know that there are many entities and structures that can be used to strengthen your defenses against creditors' attacks or, even better, reduce the likelihood of claims being raised at all. Indeed, offshore entities can provide significantly greater deterrence to creditors than their domestic counterparts. However, there is one creditor whose claim to your assets cannot be deterred......Read more...