5 Critical Factors for Successful Bankruptcy Reorganization of a Print and Graphics Communications Company

Although there are few examples of successful bankruptcy reorganization in the print and graphics communications industry, owners considering a restructuring of their highly leveraged company should not rule out chapter 11.

Here are 5 critical factors for increasing the likelihood of surviving bankruptcy reorganization:

1. Being Dedicated to Consistent Communications
2. Maintaining Timely and Accurate Financial Reports
3. Identifying Strategic "Good News"
4. Defining a Feasible Turnaround Plan
5. Bridging the Bankruptcy Lawyer's Knowledge Gap

NAPL members can gain these insights and more on a courtesy basis by scheduling a confidential telephone or in person meeting (coordinate through Kathleen Appleton @ 201-523-6309).

Comments

[Bennie Sawrey]

Thank you for the tips. Bankruptcy is not an easy thing to undergo for a company. Among the tips you've mentioned, the third one seem to struck readers the most. "Identifying Strategic Good News." No matter how difficult a company has experienced, they have to look on the bright side and know that everything has a solution.