Often it is in the best interests of all parties involved – debtor, creditors, management, and shareholders – to resolve an insolvency through negotiation and consensus rather than the courts.
Out-of-court settlements are frequently a viable and preferable option for those involved in problem credit situations – especially when rehabilitation looks promising. These settlements offer lower costs, and control remains with the parties rather than the court.
South Bay Law Firm’s professionals – and our network of strategic partners – understand the dynamics of out-of-court negotiation, and are therefore able to quickly and accurately assess and document advantageous settlements.