Out of Court Solutions for Businesses

Bankruptcy and other insolvency proceedings are not always the best course of action. There are times that the strategic objectives of the business may be achieved through less-intrusive processes that involve out-of-court negotiations with the company’s creditors and other interested parties. While the other tools in the arsenal are available (bankruptcy or ABC), the best option for both the company and its creditors may be achieved through direct negotiations. This process may yield results that are preferable to the alternative of bankruptcy or ABC.

At LSAS Law, we owe our clients the duty of exploring all options at their disposal, explaining the pros-and-cons of each possible path, and allowing the client the opportunity to determine whether or not the suggested option is best for them, given their own unique circumstances. For certain businesses, the out-of-court solution may be the preferable option. The business may have sufficient assets to satisfy its obligations, but only if each creditor agrees to receive less than they are due, but more than if the bankruptcy or ABC process is chosen. LSAS Law strives to convey this message to the company’s creditors in an effort to resolve all issues out of court.


Leiderman Shelomith Alexander + Somodevilla, PLLC

Fort Lauderdale

2699 Stirling Road, Suite C401
Fort Lauderdale, FL 33312

T. 954-920-5355 | F. 954-920-5371


2 South Biscayne Blvd, Suite 2300
Miami, FL 33131

T. 305-894-6163 | F. 305-503-9447

© 2020 Leiderman Shelomith Alexander + Somodevilla, PLLC. All Rights Reserved. | Law Firm Essentials by PaperStreet Web Design

The hiring of an attorney is an important decision that should not be based solely on advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. The information contained on this website does not constitute legal advice and is intended for general informational purposes. Also, the information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney client relationship. Also, the information contained on this website is not intended to be an advertisement and any unauthorized use of the information is at the user's risk. Reproduction, distribution, republication and retransmission of any material contained on this website is prohibited without the express written consent of Leiderman Shelomith Alexander + Somodevilla, PLLC.