When a business, product line, project, or development is poorly performing or is in trouble, it is often possible to restructure the deal and turn losses into profits. Such workout scenarios can frequently be accomplished without filing bankruptcy and incurring the substantial, if not crippling costs, of reorganizing under the bankruptcy code.
The first step in getting out of the hole is to stop digging. The Capital Coach can help you evaluate the strengths and weaknesses of your companyıs situation in the context of current market conditions. Our objective review means a fresh perspective and new solutions.
An effective turnaround strategy can turn your banks and vendors from adversaries to advocates and give you and your employees the breathing room to change the course of your business. The Capital Coach can be your guide to the right track without the high cost of a bankruptcy filing.
Bankruptcy is not all it is cracked up to be and should only be used as a last resort. It can be hugely expensive and it imposes new layers of financial reporting and disclosure on a debtor. Still, it can be a useful tool. Finding the right trail through a bankruptcy requires a concerted effort of the company and its lawyers. The professionals with The Capital Coach have managed more than a hundred bankruptcy cases; we have assisted debtors and creditors. As your financial advisor, we can help you find the right bankruptcy lawyer for your needs. We can also serve as managementıs representative before the bankruptcy court so that you can focus on the core operation of your business.
The Capital Coach is a member of the Turnaround Management Association, a national association of consultants, financial professionals, bankers, lawyers, accountants, and their firms whose focus is to preserve value in troubled companies and industries. The TMAıs Arizona Chapter awarded its 2004 Turnaround of the Year for small companies (less than $50 Million in sales) to The Capital Coach.