Businesses in difficulty

Many businesses are experiencing difficulty and facing some tough questions:

• What causes and problems underlie the visible troubling symptoms? Are they easily fixed or are they structural, needing more aggressive action?
• Is the cash flow projection realistic?
• Can financial obligations be met?
• Is the right financial and management information in place to run the business? Are the right controls in place?
• What types of business solutions should you consider? What resources are needed to implement them?
• Are your lenders and investors exposed? How can you maintain or regain their confidence?
• Has your balance sheet been impaired? Are you vulnerable to actions by lenders, creditors or investors?
• Do you have sufficient management resources? How long can you operate in the normal course of business?
• Should you consider insolvency and restructuring frameworks? How can you maximize the benefits of your business-restructuring plan within these frameworks?