How To Avoid Corporate Bankruptcy: And Still Get the Benefits Without the Expense, Lawyers, and Oversight

Filing for bankruptcy can save a company, but it's an onerous and unpredictable process. Bankruptcy costs a lot of money and time. Lawyers are required at every step and management needs to find new financing when the financing is frozen. There's a chance that the court may not approve the recovery plan or that a third-party management company can take over. Elementary Business has created an alternative to bankruptcy - the "Informal Plan". We've used it over 20 times to save companies in trouble. There's no court, no trustee, no creditor committees, and far lower legal expenses. The Informal Plan also keeps management in control and focused on operations. No mystery here, success can be achieved on a DIY, Do It Yourself plan. The book includes a how to do it, what to say to creditors and useful hints on how to offset difficult issues. IT WORKS