Beyond Bankruptcy … You’re Emerged … Now what?

The process of successfully guiding a company out of bankruptcy is not an easy task. It takes a strong team of players, a clever plan of action and a dogged commitment of stakeholders to make it happen. Once a company emerges, it does not mean it is out of the woods. Therefore, stakeholders should leverage the skills developed, plans constructed and relationships formed through the next phase of the cycle.

Lemonade Inc. — Giving the Bankruptcy Process a Great Big Hug

In the following article, SmithAmundsen bankruptcy attorneys Patrick Jones and William Hackney suggest that in some distressed situations, it might be time for lenders to take a different tack. Rather than engaging in a fight, a lender might consider “riding the horse in the direction it’s headed” to his or her advantage.