The Art of the Turnaround: How to Rescue Your Troubled Business from Creditors, Predators, and Competitors

Focusing on cost reduction, this book also explores company image and the use of outside professionals to aid the ailing business. With many checklists and real-life examples, this guide shows how to avoid liquidation, renegotiate liabilities, sell assets, retain customers, maintain the company's value, save the healthy part of the business, and decide if bankruptcy is a good option. The authors also discuss how to find buyers and reduce costs immediately in fixed overhead, personnel, and real estate.