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Sullivan Pratt LLP

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Corporate Insolvency Attorneys In California

California law, under the California Corporations Code, outlines strict rules for handling corporate insolvency situations, often involving liquidation or restructuring. Facing these hurdles without legal guidance can lead to costly missteps.

Sullivan Pratt LLP is a San Francisco-based firm with decades of experience helping businesses through tough financial spots. Our team knows the ins and outs of California courts and has a proven record of tackling complex bankruptcy litigation.

What Is Corporate Insolvency, And Factors May Lead To It?

Corporate insolvency means a company lacks the funds to cover its debts, risking closure or legal action. Several issues can push a business into this corner. Poor cash flow management, unexpected market shifts or mounting liabilities often play a role.

When these challenges hit, creditors may demand payment and lawsuits can pile up. Ignoring the signs – like missed payments or declining revenue – only deepens the trouble. Recognizing the problem early on can give you a better shot at recovery. Our seasoned lawyers can help you navigate this situation.

What The Insolvency Process Looks Like

Navigating insolvency involves these specific steps:

  • Liquidation: Selling off assets to pay creditors, often ending the business.
  • Administration: Appointing a manager to restructure and save the company.
  • Receivership: A court appoints someone to oversee assets and operations.
  • Voluntary arrangements: This involves negotiating with creditors to settle debts over time.

Mishandling these steps can lead to bigger losses or missed opportunities to save your business. Working with our reputable attorneys can lead to a better outcome.

How Sullivan Pratt LLP Can Help?

Our firm brings decades of hands-on experience to the table. We have recovered millions for clients, like the $10 million we secured for an estate in a major Eastern District of California bankruptcy case. Our San Francisco team digs deep into your case, crafting solutions that fit your unique needs.

We do not shy away from complex cases. Our attorneys know local courts and judges, giving us an edge in strategizing for results. Plus, you will work directly with a hands-on attorney who is committed to your case.

Take The First Step Toward Resolution

If you are in San Francisco or anywhere across the state, insolvency should not overwhelm your business. Sullivan Pratt LLP is ready to step in with tailored guidance and proven outcomes. Dial 415-840-8123 or reach out online, and let us tackle this together.