The less-known tools for financially distressed small and mid-size companies

During these challenging times, many companies find themselves in difficult financial circumstances. They may face a short-term liquidity crisis and need to stretch debt payments over a longer period of time. They may need to substantially restructure their business or capital structure. They may seek to sell their business to a buyer with capital to invest in an expansion. Or they may need to liquidate. In dealing with either temporary or long-term challenges, the law provides tools for companies…