Selling Businesses in Bankruptcy and Financially Distressed Situations

hosted by: David Mariano, Director and head

of the firm’s Buy-Side advisory practice

Selling Businesses in Bankruptcy and Financially Distressed Situations

There are as many reasons a business would fall into a bankruptcy as there are businesses, but there are specific steps a business owner can take to make the most of a tough situation. In this episode, learn what to do before your creditors are spooked and the bank starts calling.

In this week’s episode, David Mariano and Mark Filippell discuss, in detail, what can happen to a business in financial distress.

Key questions in this episode:

* What is the most important thing a business owner can do when he or she is in a distressed situation?

* How do all the different parties inter-play during the sale of a distressed business?

* What are the different scenarios in selling a business in distress (at 04:35)?

* What are the triggers that would set a business toward bankruptcy?

* What are the steps that lead to the bankruptcy process?

* How is a distressed business accurately valued (at 16:46)?

* How does liquidation work?

Key points in this episode:

* How the rules of sale change in a distressed situation.

* A stocking horse bid.

* How Article 9 differs from a 363 sale.

* When to call a crisis manager.

Resources mentioned in this podcast

* Click here for access to training and templates

* The Mergers & Acquisitions Playbook, by Mark Filippell

Listen to Fully Invested below: