Any business owner will tell you that there are certain parts of daily operations that just can’t be explained in one sitting. You have to “live” the business to be able to understand the ins and outs that make it work. At DLG, we understand the importance of learning our clients’ unique industries and pride ourselves on becoming educated as to the many distinctive issues that face each business.
Although Chapter 11 bankruptcy is driven and controlled in large part by the provisions of the Bankruptcy Code, the issues that can arise during the course of a case vary widely depending upon the company’s industry. In retail fuel and convenient store cases, for example, it is imperative to understand the tight margins on fuel sales and the importance of maintaining jobbership contracts with a variety of fuel wholesalers during bankruptcy. Alternatively, chain restaurant and similar business operations must ensure that their franchise agreements remain intact if they file for Chapter 11. Other retail operations may be totally dependent upon a commercial lease that provides highly specialized space required for operations, and which must be preserved in Chapter 11.
These are just a few of the specific issues that can only be understood after taking the time to really “learn” a business, and to anticipate how these and other concerns may be addressed in Chapter 11 bankruptcy. DLG clients can expect that their attorneys and paraprofessionals will take the time to familiarize themselves with each client’s special circumstances, and will use this knowledge to provide customized advice and service to each and every client. If your business is in financial distress and faces unique obstacles, please contact us to see how DLG can help guide you through this difficult time.