by Lou Kertesz | Mar 9, 2022 | Distressed Companies
In our last article, we discussed some of the difficulties with Company CEO’s that can cause problems for a company. But, in many companies, the CEO reports to a Board of Directors. In this article we look at what happens when it isn’t the CEO that is having...
by Lou Kertesz | Feb 23, 2022 | Distressed Companies
It’s not unusual to see headlines that highlight companies that are in trouble or in some form of distress. They may range from companies that have had multiple layoffs, those that are having significant financial difficulties, or are filing bankruptcy for the...
by Lou Kertesz | Feb 9, 2022 | Operations and Risk Management
Profit is a financial benefit that is realized when the revenue gained from a business activity exceeds the expenses needed to sustain the activity. – Investopedia Profit is what is left over from revenue after you’ve paid all of your costs in doing business. ...
by Lou Kertesz | Jan 26, 2022 | Receiverships and Bankruptcy
Suppose that a company whose board of directors that you sit on, or you are a significant owner or equity holder, or perhaps even with a personal guarantee for the company’s debt. It is possible that not very long ago, the company’s financial condition was...
by Lou Kertesz | Jan 12, 2022 | Receiverships and Bankruptcy
As we enter 2022, we realize that many of the sources of cash that companies relied on over the past year have come to an end. The SBA’s EIDL loan program has come to an end for new applicants. PPP loans are either forgiven or in that process. And while there...
