In some cases that I’ve worked, the officers or owners are working against me – and their creditors – by self-dealing. What is Self-Dealing? For the record, self-dealing is not necessarily stealing but it is fraudulent. For example, self-dealing can be when an officer of a company tries to gain an unfair tactical advantage on [...]
Posts Tagged ‘insolvency’
5 Benefits to Calling an Insolvency Attorney
Posted in An Ally's Advice, tagged bankruptcy, confession, debtor rights, financial expert, insolvency, insolvency attorney, special asset department, St. Peter, turnaround consultant on July 27, 2011 | Leave a Comment »
As managing partner of GGG and the Turnaround Authority, I get the pleasure of providing guest posts by our other partners. The following post is by our newest Partner, Vic Taglia. We wrote a few weeks ago about when to hire a turnaround consultant. The same answer applies here: Sooner, rather than later – and there are good reasons [...]
Liquidity versus Solvency: A Lesson in Lacking Money, a guest post by Vic Taglia
Posted in An Ally's Advice, tagged bankers, bankruptcy, cash problems, illiquidity, insolvency, Lehman Brothers, liquidation, Liquidity, solvency, vendors on June 22, 2011 | 1 Comment »
As managing partner of GGG and the Turnaround Authority, I get the pleasure of providing guest posts by our other partners. The following post is by our newest Partner, Vic Taglia. Lehman: From Illiquidity to Insolvency to Bankruptcy to Liquidation You’re likely familiar with the Lehman failure of 2008. The business model of Lehman and other investment banks [...]
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