A prospective client tells you that they need to file bankruptcy. This panel will help you navigate all the basic decision-making processes that you might need to consider, including alternatives, when to get a financial advisor involved, why you might pick a workout instead, and when to file and not forbear.
Learning Objectives:
- Identify alternatives to bankruptcy and understand when those options may be more appropriate for a client.
- Evaluate a client's financial circumstances to determine whether bankruptcy or a non-bankruptcy workout strategy is the most effective path forward.
- Recognize when to involve outside professionals — such as financial advisors or restructuring specialists — and how their expertise can inform the decision-making process."