In working with a troubled company our basic
objectives usually include:
1. Do everything legally possible to protect the assets,
reputations, careers, emotional/mental states, marriages,
and freedom of the key involved individuals from the personal
risks of civil lawsuits, IRS and other regulatory agency
actions, criminal prosecutions, adverse publicity, and
other negative events.
2. Work very low-profile and confidentially.
3. Develop and launch a three-part overall business strategy:
- Immediately fight and resolve the crises and urgent
problems
- Quickly structure and implement a program to go
forward well in all ways, including operationally,
legally, and financially
- Constantly look for special opportunities
4. Analyze each key aspect of the Client's situation, determine
the best solutions or improvement plans, then move forward
rapidly to implement them.
5. Try to save and revitalize the Client informally
with minimum adverse publicity.
6. Try to keep the Client out of formal bankruptcy proceedings.
Make a bankruptcy filing only if necessary, positive, and
appropriate.
7. Deal with each problem and issue with maximum effectiveness,
efficiency, cleverness, logic, directness, and calmness.
8. Push out concurrently against all major threats and
risks facing the Client.