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Workouts-Business Crisis Management

Our firm offers Legal and Executive Management Services for distress situations, turnarounds, startups and rapidly expanding businesses. In essence, we lend experienced aid when a business must manage "substantial change." Upon developing a suitable commercial agreement with the client, we will lead the renegotiation of existing financing with secured lenders, contracts, and vendor supply agreements. Our services may encompass an evaluation of the operational, legal and financial health of the enterprise. If requested we will directly manage all major business related sources and uses of cash.

Our interim management staff is well versed in business assessment, survival plan development, and crisis management Whether the situation requires a growing business bringing on additional management resources while permanent qualified management is sought, or providing an alternative management structure for any number of reasons, we bring experience in operations, marketing, finance and legal to the benefit of the company, its shareholders and secured lenders.

At a time when a credible business image is essential to retain an operation's continuity, our organization provides a team of experienced professional problem solvers as an interim management alternative for Boards of Directors, investors and executive officers facing a troubled business climate.

 

Think Putting Assets in Your Spouse's
Name is Asset Protection?

Think Again

For decades, many professionals have put their assets in their spouse's name in what was believed to be solid asset protection planning. Unfortunately, this has never been a wise approach, and is more risky today than ever before. Here's why:

  • Legal ownership. Just because your house or portfolio is in the name of your spouse does not guarantee that a judge will see it that way. If you are the sole bread-winner, and you are making the mortgage payments or yearly contributions to purchase stock, aren't you still the owner? Some courts might think so.
  • Divorce. What happens if you get divorced? We all know the divorce rate hovers near 50% these da...

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