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Credit Management Association
Credit Management Association Urges Careful Planning: 10 Essential Bankruptcy Steps
March 29th, 2009
As the economy forces alarming numbers of businesses to consider bankruptcy or liquidation, executives who plan carefully and proceed cautiously will have a softer landing according to senior executives in the Credit Management Association. "Bankruptcy is a painful, difficult choice, but it is a choice which must be made soundly and managed carefully" says Mike Joncich, Manager of CMA's Adjustment Bureau, which assists businesses facing bankruptcy or liquidation. "Even the most seasoned business executives often fail to recognize or implement smart strategies when they face bankruptcy. Careful planning and skillful management of bankruptcy will help produce...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-29)
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