Surviving a Restructuring: Developing a Strategy for Small- and Medium- Sized Debtors

July 1, 2016 – Media Mention
ABF Journal

Stephen Selbst authored an article in ABF Journal in which he outlined a step-by-step approach for small- and medium-sized businesses to prepare for and exit a Chapter 11 bankruptcy successfully. These steps include: identifying the financial or operational challenges of the business and developing a restructuring plan that addresses those challenges; obtaining lender support; marketing any assets for sale as part of the restructuring strategy; addressing any conflicts and litigation that can delay the Chapter 11 case; and developing an effective communications plan with an established timetable outlining major objectives and deadlines.