In this episode of the Small Fortune Podcast, host Carol Collison speaks with Ori Katz, a partner in Sheppard’s Finance and Bankruptcy Practice Group about when and how business owners should approach their creditors when their financial situation is deteriorating. Topics include: the importance of having a clear understanding of your financial situation; how lenders think about their risks and how that affects you; and when it’s time to speak with a professional advisor. The conversation also includes the differences between such legal options as Assignment for the Protection of Creditors, Receiverships, and Bankruptcy.
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