Distressed Capital Resources Founder and President William “Bill” Lobel recently published an article in Law.com about legal tactics to avoid bankruptcy. The article, titled “Why Bankruptcy Attorneys Need to Help Their Clients Face Distressed Assets Now,” examines the financial distress currently experienced by many business owners in commercial real estate, retail, construction, and a variety of other industries. Lobel emphasizes the importance of sound legal guidance in helping clients avoid bankruptcy and rebuild for the future.
“During times like these when we anticipate an increase in companies grappling with distressed assets, bankruptcy attorneys should be ready to roll their sleeves up and get to work,” said Lobel. “They can use a variety of methods to help business owners maximize value, restructure existing debt, repurpose assets, and modify their business to retain assets.”
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