In recent weeks we have heard of a number of big companies that have abruptly announced that they will be closing their doors.  

After working with businesses that are navigating challenging financial situations for the last 20+ years, I wanted to share some facts and myths around bankruptcy and insolvency and some potential considerations that business owners need to think about when there are more bills & expenses vs cash left to cover everything.  

We need to have these conversations to support those facing these challenges.