Services:
Bankruptcy / Insolvency
The United States Bankruptcy laws were enacted to provide a level planning field for company's and individuals who through whatever set of circumstances have become insolvent, but are capable of reorganizing for the good of all creditors and who derive a source of living from the business.
Over the years this area of law has become extremely complicated and many competent Attorney's have specialized in this field. The keys to success in this area of expertise include;
- Can they quickly identify what drove the business into insolvency ?
- Can the business model be changed enough to eliminate the causes of insolvency and start creating a profit ?
- What are the present assets and liabilities of the business ?
- Who are the secured and unsecured creditors ?
- Are there regulating agencies involved with the business model that can have a positive or negative effect on the reorganization ?
The Tuscany Group and it's Directors have been brought in many times as consultants to Bankruptcy Counsel to translate the existing and proposed business model of the company's under the protection of The United States Bankruptcy Code.
We are proud to say we have been part of many successful business turnarounds.