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The Turnaround
Bestseller in Financial Risk Management
About This Book
Bankruptcy is often seen as the end of the road for a broken business: an admission of failure. But despite the stigma surrounding it, bankruptcy can actually allow a company to restart, renew, and improve—as long as it's done right. When Gregory K. McDonough faced his own professional "death spiral," he took a deep dive into the bankruptcy process and realized that bankruptcy could help revive his business. Now, he draws on his knowledge as a Certified Insolvency and Restructuring Advisor and his personal experiences to create a practical guide to staying mentally and strategically strong while navigating bankruptcy. The Turnaround provides vital information and coaching on the key elements of the process, including the following:
- What bankruptcy means
- When to declare bankruptcy
- How to make hard decisions
- From whom to get help
- When to dissolve
- How to protect your personal life
- What plans to put in place to rebuild
