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Corporate wind down is sometimes the best option for a troubled company. When the cost of a turnaround exceeds the opportunity for future profits, it is time to bring about an order dissolution of a company's assets, obligations and operations.
Ironwood Advisory performs corporate wind downs using a disciplined process, which maximizes value to stakeholders while helping to protect management from lawsuits and similar dangers.
Wind down processes require considerable knowledge of the bankruptcy code and the leverage that it provides. Principals of organizations within the "zone of insolvency" should know that C-level executives dealing with the company's finances can be held personally responsible for:
Orderly wind downs can be performed outside of bankruptcy court, employing all of the disciplines required by the code. Out of court wind downs are significantly cheaper and preserve maximum value for stakeholders. Expert wind down assistance from Ironwood Advisory can help avoid liabilities for both management and other stakeholders.
Learn more about corporate wind down and your options by contacting Ironwood Advisory. We invite you to consider our offer of a complimentary Corporate Wind Down Review. We will spend the necessary time with you to access the challenges in winding down your organization and to identify plans of action to: ·