Business Reorganization & Bankruptcy

Omaha Area Business Reorganization Lawyer

In many cases it is possible to avoid bankruptcy through a business reorganization and restructuring. The law firm of Pollak & Hicks, PC, has successfully guided many businesses in Nebraska and Iowa through the business reorganization process and helped them emerge as viable enterprises.

Call us at 402-345-1717 for a free initial consultation. A lawyer at our firm can evaluate your financial situation and discuss how we may be able to restore your business to financial health.

Focusing on the Key Issues

We begin the process by carefully examining the state of the business, its books, and its cash flow. The best place to start is with the business owner or management team. We work hard to establish a strong working relationship with management from the very beginning, because their cooperation will play a key role in achieving a successful outcome.

Once we understand the major challenges facing us, we formulate a strategy. This might include a restructuring of debts, a partial sale of assets, a Chapter 11 filing, or a liquidation under Chapter 7 of the bankruptcy code. A cash flow solution is almost always better than liquidation, so we seek to achieve that result whenever possible.

Having attended to critical immediate obligations such as payroll and utility payments, we then address the larger debts and responsibilities. The experience of our attorneys can play a major role here. Depending on the particular problems facing the business, we may negotiate a restructured loan from the primary lender to gain financial breathing space. We may recommend an accommodation with or concessions from the union representing the employees. In cases involving tax problems or obligations, we may seek to negotiate with the IRS.

Many of our business clients have poured their hearts and souls into building their companies. Whenever possible, Pollak & Hicks will work to restore the viability of the company through business reorganization, restructuring of debts, or out-of-court workout.

For a free initial consultation with Pollak & Hicks call 402-345-1717 or contact us online. We serve clients in the Omaha-Council Bluffs area, Sarpy County, and other communities in Nebraska and Iowa.

Competitive Fee Structure • Payment Plans Available

Monday through Friday 8 am - 5:30 pm

Saturday 9 am - 2 pm

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.