Running a business requires a significant amount of work, organization, and cash flow. At Rieser & Marx, LLC, our Dayton bankruptcy attorneys provide workout and restructuring services to businesses that are struggling to financially support day to day business operations. We have more than 65 years of combined experience which aid our ability to customize workouts for your individual business situation and always help you find a plan that best fits the needs of your business.
If your business is facing a challenge with cash flow or having general financial difficulties, it can be difficult to know what steps to take to move forward. You may be considering filing for bankruptcy, which may evoke a lack of confidence in your customer base. However, facing collection activities from vendors or creditors can make daily business activities difficult or impossible.
A business workout is essentially a review of your business' assets and liabilities. We take the time to thoroughly review your entire financial situation and make suggestions on how you can work through times of low cash flow. Depending on the exact situation, we may work with your creditors to try to negotiate payment terms that give your business some breathing room.
When we review the financial situation of any business, out Dayton debt reorganization attorneys aim to investigate all possible options for moving forward. We try to give you an idea of how each plan will affect your business and which one will be most appropriate to meet your goals. Workouts are typically the first course of action since they do not require a major restructuring or bankruptcy action. Only in the case where a workout cannot be reached, we may examine other options such as bankruptcy.
We handle all types of workouts for all types of businesses in both Ohio and Florida. If your business is distressed due to financial concerns and you are looking for an alternative to bankruptcy, call our Dayton bankruptcy lawyers in Ohio: (937) 224-4128 or Florida: (561) 515-6019.