Not every financial problem calls for the same court process. We help businesses evaluate negotiated debt solutions and structured wind-downs, with attention to costs, asset value, creditor participation, and owner exposure.
Out-of-court workouts
A workout seeks agreed changes to obligations without a bankruptcy filing. Discussions may address payment timing, settlement amounts, forbearance, or a coordinated resolution with key creditors. Its usefulness depends on who must agree, the available resources, and the pressure from parties who do not participate.
Florida assignments for the benefit of creditors
A Florida ABC is a state-law process under Chapter 727 involving circuit-court oversight in which assets are assigned to an assignee for administration and liquidation for creditors’ benefit. It is distinct from a purely out-of-court workout and does not itself provide a bankruptcy discharge. We assess whether that framework fits the proposed wind-down and help evaluate the assets, liabilities, contracts, and issues that may affect implementation.
Orderly liquidation and business closure
The choice is not simply “close the doors.” We examine asset disposition, creditor treatment, outstanding contractual obligations, and records needed to complete a wind-down. We also distinguish the company’s obligations from guarantees and other potential personal exposure.
Compare the alternatives before committing
We compare a negotiated solution, an ABC, and the relevant bankruptcy options against the actual objective. Timing, cost, control, litigation risk, and achievable recovery all matter. No route should be assumed to resolve an owner’s personal obligations simply because the company has stopped operating.