As the econ­omy slows, those who owe you money will take longer and longer to pay, while those to whom you owe money may seem less under­stand­ing of delays at your end. Dur­ing such chal­leng­ing times, know­ing what to do and when to do it, often­times means the dif­fer­ence between suc­cess­fully nav­i­gat­ing a dif­fi­cult sit­u­a­tion and miss­ing a golden oppor­tu­nity. By build­ing an effec­tive team of skilled pro­fes­sion­als around you, you can dra­mat­i­cally improve the strength of your posi­tion with ven­dors, lenders and other par­ties while increas­ing the chances that your busi­ness will suc­cess­fully ride out the storm.

At Ricardo, Wasy­lik & Kaniuk, PL, we offer a full range of restruc­tur­ing resources and strate­gies that can help you reclaim a strong finan­cial foot­ing, including:

• Nego­ti­ated terms with creditors;
• Out-of-court work­outs;
• Sale of some or all of your busi­ness assets; and,
• Chap­ter 11 bank­ruptcy petition.

Enlist­ing the guid­ance of expe­ri­enced pro­fes­sion­als to uti­lize these and other resources can help you suc­cess­fully nav­i­gate a dif­fi­cult finan­cial sit­u­a­tion and put your busi­ness back on top.