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POP-UP CLE: Talk Softly and Carry a Big Stick: Options for Businesses in Financial Distress

Talk Softly and Carry a Big Stick:
Options for Businesses in Financial Distress

Presented by Lisa Thompson

A business in financial distress does not necessarily need to shut down and it also doesn't necessarily need to file bankruptcy. Sometimes all a business needs is to control some of its creditors so it may reorganize. There are a few paths that it can take. Bankruptcy may be a great option, but it may not be the best option based on the goals of the business owners. Outside of bankruptcy, there are certain state laws that may assist with creditor negotiation or shutting down without filing a bankruptcy. Whatever the path, it is imperative to protect business owners that have personal guarantees. This seminar will cover the options for shutting down or reorganizing a business while protecting its owners.

(See below for any materials and Zoom link)
Shortly after the program, a recording will be on ACBC’s YouTube Channel, and ACBC’s website Resources page.

Lisa Thompson

Lisa C. Thompson, Esq., LL.M.

Lisa C. Thompson has been practicing law for 27 years and earned a Master of Laws (LL.M.) in International Trade and Business in 1997. She is licensed to practice in Arizona, California, Nevada, and Washington, D.C. Lisa has been writing for Thomson West on business and debtor-creditor issues since 2004. Her books are: Arizona Legal Forms - Volume 3 - Debtor-Creditor (Second and Third Editions); Arizona Legal Forms - Volumes 10 and 11 – LLCs and Partnerships (Third and Fourth Editions); Arizona Business Law Deskbook (Volumes 9, 9A, 9B, 10, 10A and 10B – updated annually) and the Nevada Business Law Deskbook. Her Arizona publications are updated annually. Lisa focuses her practice on business law, Corporate Transparency Act compliance, and all types of bankruptcy in the State of Arizona.


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Meeting ID: 819 8667 7034
Passcode: 096316

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*An ACBC Member must be present at this program in order for staff to join.


Friday, May 03, 2024, 12:00 PM until 1:00 PM

Meeting ID:
819 8667 7034
Additional Info:
Event Contact(s):
ACBC Admin
General CLE
Registration is required
Payment In Full In Advance Only
Registration is required for CLE credit
No Fee
No Fee