Blog
It’s a Trap! Four Strategies for Turning Around a Struggling Company (That Almost Never Work)
As a bankruptcy practitioner, I have seen a fair share of business failures. Unless a company’s management is particularly nearsighted (or the failure is sudden and due to external forces), towards the end management teams do usually recognize that there are problems and try to correct them.
Read moreAnother Reason to Move South – Creditor Protection of Retirement Plan Benefits for Floridians
In the fall of 2014, my colleague Betsy wrote an informative blog regarding a recent U.S. Supreme Court decision that held that under federal law, an IRA that is inherited by an individual (i.e. the beneficiary) is not protected in bankruptcy.
Read moreThree Steps to Consider if a Customer is Going Down the Tubes
Imagine this scenario – your business has a major, long-time customer. The customer has been paying on its invoices, but payments have been coming more and more slowly, and there is now a substantial balance due on the account. On top of all that, you just sent them a large shipment of custom widgets on…
Read moreIt’s Time To Reconsider IRA Beneficiaries
Have you named your children as beneficiaries of your IRA? Perhaps it is time to re-think that decision. A recent United States Supreme Court ruling raises concerns about asset protection and the designation of IRA beneficiaries. In June the high court unanimously ruled that, under federal law, an IRA that is owned by a beneficiary…
Read moreFive Signs that Your Company is Doomed
We have seen a lot of companies go into bankruptcy over the years, and there are some common issues with most of them. These are issues that may not necessarily show up on the balance sheet, but in my experience they are sure signs that trouble is ahead. If some of the signs on this…
Read more