Bankruptcy is the most severe remedy and, in most cases, the last option to consider. However, sometimes bankruptcy is the most practical alternative.  It is a very technical process that can favor the creditors and without the proper representation and support, it can be an exceedingly difficult process for the business owner(s).  With careful planning, it can resolve the financial crisis of the company and minimize personal liabilities resulting

Orderly Shutdown of Business

In certain cases there may be no other option than to shut down the business.  There may not be enough assets or resources to make it worthwhile for the owner to file a formal proposal or assignment into bankruptcy.  Any orderly shutdown of the company must be planned and executed properly.  A properly planned orderly shutdown can in many cases minimize the financial damage to and personal stress of the owner(s).

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