Pre-Bankruptcy Planning and Asset Protection
Prebankruptcy planning may be required by those anticipating financial difficulties and by those entering into business transactions with financially troubled entities.
An individual or corporation considering a business transaction with another party that is financially weak may wish to obtain advice regarding how best to protect its interest in the transaction should the other party file a bankruptcy case.
An individual or business that anticipates future financial difficulties which may require the commencement of a bankruptcy case may also wish to obtain advice on the best ways to structure business transactions and asset holdings in order to minimize losses which could occur should a bankruptcy be required.
James Olson has advised both those anticipating future financial difficulties of their own and those anticipating future financial difficulties of their business partners in structuring their assets and transactions in ways that will be most advantageous should a bankruptcy eventually occur.