Assignments and Liquidations
WHEN YOUR COMPANY IS OUT OF OPTIONS | THERE IS AN ALTERNATIVE TO BANKRUPTCY
Possibly, time has run out and there are no additional funds to move forward. Or you've made the tough decision to simply shut down the business since the plan is no longer viable. You certainly want to do what is best for all concerned. It might be possible to reorganize the company if there aren't too many constraints. Uncertainty surrounds you. There are employees and employee issues to address, assets to be sold, creditors to manage, liabilities to be settled and investors to update.
Is a bankruptcy filing the only choice? Are there professionals to help you through the intricate maze of financial and business issues that now face your company? Can you diminish the involvement of owners and/or management to ensure a high level of objectivity? Is there a way to reduce the procedures and still adhere to all laws and regulations? If you have asked any of these questions, then Sherwood Partners can offer you some solid answers, grounded in years of experience.
Bankruptcy is not the only choice. This choice is an important decision to be made in consultation with both your legal and financial advisors. Sherwood Partners is able to offer other possibilities and solutions.
Sherwood Partners is one of the leading advisory firms in alternative solutions to bankruptcy. These wind-down services are called Assignments for the Benefit Of Creditors (ABCs) or Managed Liquidations. Both of these services require an intensive investment of time, specific knowledge in legal, financial and operational matters, prior hands-on experience and personal commitment to a professional and finalized process.