Corporate Comeback: Managing Turnarounds and Troubled Companies

Nine out of ten business failures involve smaller companies. This is the first widely-available book on business turnarounds to focus on the small and mid-sized firm. The author, who specializes in insolvency law, has helped rescue over 2 000 financially-troubled companies in his 25-year career. He provides practical answers to 'nuts-and-bolts' questions of how to survive a lack of cash, no credit, dwindling sales, and mounting losses. Much of the advice is as effective in preventing business ailments as it is in curing corporate ills. The coverage is thorough enough to include selling and liquidating the company, and protecting oneself from personal liabilities arising from business failure.