Should an attorney be retained if I don’t know whether bankruptcy is right for my company?
Clients are often concerned about seeking the help of a bankruptcy attorney when they are uncertain or unwilling to enter into bankruptcy. It’s important to know that I am frequently retained prior to a potential bankruptcy to assist in negotiations and exploring options. I can add value by showing creditors the consequences of refusing to negotiate and providing my clients with a candid assessment of the situation.
It’s important to keep in mind that the act of retaining a bankruptcy attorney does not obligate a company to actually file bankruptcy. In many instances, I have helped clients to avoid going through the bankruptcy process entirely after assessing different options in great detail.