With bankruptcy lawyers creeping out of the woodwork to grasp unsuspecting Internet and telecommunications companies and seize huge upfront fees before putting these companies to their deaths, be aware of the alternative:

THE INFORMAL REORGANIZATION

This strategy for getting through a cash flow crisis, which is sometimes known as the workout and turnaround plan, is most effective in the following circumstances:
 

• The company has not permitted a lien to be filed on substantially all of its assets.
• The company has lots of small to medium-sized creditors rather than a handful of large creditors.
• The company has a courageous smart, energetic management team open to the opportunity of saving and strengthening its company.

The Informal Reorganization is a counter-intuitive plan.  That is, it is a plan that stands in direct opposition to throwing in the towel and giving the keys to the company to bankruptcy lawyers.  Your company can join the list of disasters reported daily on fucked-company.com, such as Gargen.com ($455 million wasted), Mortgage.com ($358 million wasted), Carorder.com ($100 million wasted) and Eve.com ($29 million wasted) or, your company can survive and thrive by implementing an informal reorganization.

The Experts

There are many highly-skilled workout and turnaround firms that can guide your company through an informal reorganization.  Iamworthit.net is one of them.  We have worked on some of the toughest assignments imaginable including Fox-Meyer Drug Co., Mine & Smelter Supply Co. and Mr. Gasket and in the telecommunications industry we have worked with MBN Communications the buyer of GST’s Hawaiian Telecom assets and Vectris Telecommunications, Inc., a D-SLAM provider.

Contact Us

Call us for a free consultation at 505-984-0001 (ext. 108) and let us see if your company is a candidate for an information reorganization.  Before you put your company in bankruptcy, think iamworthit.net
Send us Email dsilver@sfcapital.com