If a one-size-fits-all formula existed, then all businesses would be reveling in success. But at ACA Partners, LLC, we know that while some businesses do flourish, others are hit harder with challenges and struggle to survive and continue to operate. If worse comes to worst, filing for bankruptcy can become a viable option.

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Filing for bankruptcy can protect the business from totally collapsing. It can seek the court’s help prevent creditors from the pressure and harassment of debt collection, and discharge other debts as necessary. It can also ask to restructure the company’s current set up to minimize expenses and come up with more flexible payment terms.

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Any of the above-mentioned actions requires a careful study of your business. Reviewing your company documents – including statements of assets and liabilities, financial reports, accounts receivables, tax returns, and other financial data – requires a professional and thorough eye. It can lead to discoveries of areas where money can be generated, and where money can be saved.

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Bankruptcy (or being on the brink of it) is undoubtedly a good time to reassess the value of your business! A professional business valuation reviews your business beyond the surface of the documents you have on-hand. It offers insights into areas of your business critical to the strategy you are considering, or opportunities and areas of improvement you might have not previously thought of.

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A business valuation is complex. It involves academically-validated methods with industry-specific valuation factors. The team of business valuation experts at ACA Partners, LLC has more than two decades of advising and deal-making experience in the buying and selling of businesses.

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With a professional business valuation, your bankruptcy option just got more enlightened.