If your company has trouble hammering out these types of deals, then approach an consultant, find out what options are available, then produce a sound company decision. The judge's bench looks over your contracts and financial responsibilities to decide whether you will be able to pull the company out of debt. They do not realize that their lenders are going to lose more in receivership that you paying them in full in 60 or 90 days. Compare your list of needs and concessions with those of your vendor's and land lord's. Then judge expects the reorganized enterprise to pay secured lenders out of its future profits.

Some of the determinations you'll have to produce may be uncomfortable, such as laying off a relative or friend whose position isn't essential, but you have to do it for the good of the enterprise. If they tell you that they can't accept it, ask what they will accept. * Marketing while customer is on hold. All you have to do is write your thoughts onto paper. The unsecured lenders and the proprietor should fend for themselves. Small company continuation depends on the enterprise and its method to the market. Asking for and receiving price concessions are mostly easier than you think. Nevertheless, you need this document because your restructuring plan will be your best salesdocument for convincing your board, your bank officer, your personnel and your creditors that you can mend your company. * Separate friends, colleagues and, sometimes, family members. If they can show wrongdoing, the lenders can petition the state court to have the ABC converted into a Chapter vii.