Alternatives To Bankruptcy
ET Insolvency functions as fiduciaries and endeavors to provide clients with alternatives to filing bankruptcy. ET Insolvency does not consult or practice law although it is experienced in both. The facility has been established to design specific solutions to real problems to assist organizations and their owners to transition through crises that threaten a firm's survival. There are alternatives to the more traditional solutions and not every business requires a bankruptcy filing. Not all ownership conflict need be resolved by litigation but there are times when there are no alternatives to bankruptcy. ET Insolvency analyzes the problems confronting businesses, determines whether alternatives are available and employs non-traditional methods to achieve a resolution in a prompt and cost-effective manner. Although the methods used are non-traditional they are processes which are centuries-old and steeped in principles of equity and fairness.
The highly qualified team of ET Insolvency comprises of Nigel Hamer, David Haberbush, Bill Russ and Sarah Lettiere. Nigel Hamer is the President of ET Insolvency and former President and CEO of the Hamer Group. David Haberbush has twenty-three years of experience in bankruptcy, insolvency, Receiverships and debtor/creditor litigation. William "Bill" M. Russ, Jr. has twenty-eight years of experience of bankruptcy, debtors-in-possess, creditors' committees and court appointed receiverships. ET Insolvency's Sarah Lettiere has twenty years of experience in public accounting and seven years in the private sector. She is experienced in the arena of insolvency turnaround and the forensic reconstruction of financially distressed organizations. The team offering alternatives to bankruptcy filing offers its many years of experience and knowledge to businesses whose survival is under threat.
Owners and managers of organizations in crisis face difficulties in choosing the right path to follow and ET Insolvency is able to assist them to navigate through the crisis to an alternative that it is best suited to the resolution of the situation. ET Insolvency is able to offer alternatives to bankruptcy in relevant cases. The services offered by the team include Assignments for the Benefit of Creditors (ABCs). These are quick and less expensive, create a trust for the benefit of creditors and provide for a process by which a lender's secured debt can be resolved. This is a valuable alternative to bankruptcy. ET Insolvency provides receiverships which maximize the value of assets, enforce judgments, used to take charge of income-producing real property during a foreclosure and provides entity windup and dissolution under court supervision. The team presenting alternatives to bankruptcy also provides Creditors Trust, pensions and intermediation services. ET Insolvency acts as interim director for a company, a liquidating agent, a disbursing agent and presents records reconstruction and funds tracings.
The expert team offering alternative bankruptcy solutions is aware that decisions made by owners and managers during business crises must be made carefully to achieve predictable results. ET Insolvency gathers information, evaluates the obstacles and creates a plan that resolves, avoids or reduces the impact of the impending threat. The initial meeting with a client will determine whether ET Insolvency is able to offer alternatives to bankruptcy and services that are relevant to the specific crisis.
