As you can imagine, there will be no bailouts for small businesses. It is up to business owners to ensure that their business is sufficiently capitalized. If not, it’s on to bankruptcy. However, bankruptcy isn’t the death knell that many people believe it to be.
Kodak’s failure to adapt to the evolving marketplace led them to their current predicament. But fortunately for them, DIP financing offers an opportunity for them to reorganize and open their doors once again.
Many business owners are facing bankruptcy--and as the Occupy Wall Street movement reminds them, Wall Street firms got bailouts while they were left to twist in the wind. But here's the truth that escapes some small business owners: bankruptcy can offer valuable protection, and maybe even a route back to solvency--but only if you understand critical information.