Circumvent Shutting Down a business by Restructuring Your Business. There are two types of advances available for small enterprises that need assets to solve funding problems: liability or equity funding. But there are other choices available to assist your struggling enterprise. If you know where to look, you'll find out there are many loopholes and financial secrets that can help you enterprise get afloat once more. Chapter eleven allows the corporation to reorganize.It gives the owner a second chance to produce a profitable company. If the financier is under-collateralized, then you're in a great position to ask the financier to lower his credit position to something just over the liquidation value of the collateral. Depending on your needs, the sale might be a one-day bonanza, or could survive for several weeks.

* Cash for vacation and sick days not taken. The naysayers exist in every restructure. At the very least, the legal defenders you consider should have experience filing company bankruptcy cases. And, these changes could lower your expenditures by 10% to 40% or more. Take the time to know the agreement with your people you owe. Look for leasing company money. There are much better options than personal bankruptcy for most owners and managers of small companies. * Step 4 - Force fit the design to two or three layers of administration for small to medium size corporations (four to five layers on large enterprises) with manager taking somewhere between 10 to 15 reports each.