FORVIS’ Post

Considering Chapter 11 bankruptcy is a complex and challenging process, but it can offer a path to recovery for companies facing financial distress. Read more: https://hubs.li/Q02Fr2wX0 Post written by Stephen Nalley, Forbes Councils Member.

Happy St. Patrick's Day! 🍀 Do you feel lucky? You probably should if your business…. …hasn’t been hit by insolvency and bankruptcy in AR yet. Up 72% YOY, the number of businesses filing continues rising. Even the world’s largest AR departments can’t keep up with how quickly things can turn, often absorbing blows in receivables that would be crushing to SMEs, A company that may look successful can often be one impactful event away from a cash flow situation that leaves them without options outside bankruptcy or insolvency. When that happens, your luck just ran out. The lesson here? Luck in business is created by being prepared. Expert advice and risk mitigation could become your four-leaf clover. Here's to smart management and finding your pot of gold at the end of every rainbow. 🌈 #StPatricksDay #Finance

Featured Article Alert: Strategic Business Continuity in Liquidation ✨ https://lnkd.in/dw_jSUqu Spotlight on June Stacey Marks Attorneys Blog In the face of liquidation, steering your business towards a successful sale or continued operation requires strategic legal guidance. Our latest blog post, "STRATEGIC BUSINESS CONTINUITY IN LIQUIDATION: RUNNING AND SELLING A BUSINESS UNDER LEGAL GUIDANCE," provides vital insights into navigating these complex processes. 📚 Gain in-depth knowledge and actionable strategies to maintain momentum even when the odds are stacked against you. Visit our blog to read the full article and arm yourself with the expertise of June Stacey Marks Attorneys. #StrategicBusinessContinuity #LegalInsights #BusinessLiquidation #JuneStaceyMarksBlog https://lnkd.in/dw_jSUqu

🔍 Featured Article Alert: Strategic Business Continuity in Liquidation ✨ https://lnkd.in/dw_jSUqu Spotlight on June Stacey Marks Attorneys Blog In the face of liquidation, steering your business towards a successful sale or continued operation requires strategic legal guidance. Our latest blog post, "STRATEGIC BUSINESS CONTINUITY IN LIQUIDATION: RUNNING AND SELLING A BUSINESS UNDER LEGAL GUIDANCE," provides vital insights into navigating these complex processes. 📚 Gain in-depth knowledge and actionable strategies to maintain momentum even when the odds are stacked against you. Visit our blog to read the full article and arm yourself with the expertise of June Stacey Marks Attorneys. #StrategicBusinessContinuity #LegalInsights #BusinessLiquidation #JuneStaceyMarksBlog https://lnkd.in/dw_jSUqu

LC Loughborough lead Phil Morton was recently invited to take part in a round table discussion on ‘How to Buy a Distressed Company’, together with some of the region’s foremost insolvency and turnaround advisers - read the full round table report 📰 #turnaround #recovery #distress #businessupport

In their latest article, William J. Burnett and Harry Giacometti, Bankruptcy, Financial Restructuring and Risk Management Shareholders, take a high-level look at who benefits from purchasing a bankrupt company or its assets, and the advantages and disadvantages of this type of business transaction. Learn more here: https://lnkd.in/eAZGvGun

The insolvency of a key supplier can have a significant (and potentially catastrophic) impact on a customer’s business. In the current economic climate, we are seeing an increased number of solvency related situations impacting the provision of regulated services and services to customers. The contract between a customer and its supplier can play a crucial role in managing this risk, however relying on rights as and when an insolvency actually occurs is inadequate. Click on the link below to read about the broader range of contractual protections for customers to consider https://lnkd.in/eQBKqjbZ

#BusinessTip: Before putting your company up for sale, make sure you understand the essential steps of the pre-sale process. HBK Principal and National Director of HBK Transaction Advisory Services Keith A Veres, CPA, CGMA, CEPA details each step to help you achieve the best results for both seller and buyer. #SellYourBusiness #MaximizeValue #BusinessOwner #HBK75

Business owners should understand the essential steps in the pre-sale process before putting their company on the market. HBK Principal and National Director of HBK Transaction Advisory Services Keith Veres, CPA, CGMA, CEPA, describes each step and how each contributes to achieving the best results for seller and buyer. #smallbusiness #consultant #businessvaluation

Business bankruptcies skyrocketed from 2022 to 2023. Here’s how a solvency opinion may be used to evaluate financially distressed companies, along with three tests valuators use to assess solvency. Read more at https://lnkd.in/d-WF44DR