How To Advise Businesses When Times Become Difficult: 4 Options Including Bankruptcy

GREATER LOS ANGELES VIRTUAL CHAPTER EVENT

How To Advise Businesses When Times Become Difficult: 4 Options Including Bankruptcy


The pandemic caused some businesses to tinker on the edge of survival. Many business owners do not know what their options are when the debt skyrockets out of control and the pressure becomes insurmountable. In this session, Sevan Gorginian will explain the 4 options every business owner has at their disposal. You will learn about the options available to your clients and what triggers a business owner to either close the business, sell it, implement an “ABC”, or enter business bankruptcy.

 

Learning Objectives:

  • Understand the main triggers that cause a business to suffer financially including the SBA loans that will be audited by Treasury Department.
  • Learn the 4 main choices a business owner has to choose from when the business needs to close.
  • Learn how bankruptcy works for businesses including Chapter 7 (liquidation) and Chapter 11 (reorganization).
  • Identify the advantages and disadvantages for business owners if they have a “personal guarantee” on the business debt.
  • Learn how to advise your clients when they ask you “what happens if we just file bankruptcy”.

 

About the Presenter:

Learn from industry expert, Sevan Gorginian, Esq., Bankruptcy Attorney.

Meet the Presenter

 

Thank you to our Sponsors!

 

About EPI Local Chapters

EPI Chapters bring together a local community of professional advisors to collaborate, address unique needs and topics, develop best practices, build awareness, experience valuable professional continuing education, and build their COI network with like-minded individuals within the exit planning industry and related professions. Whether you are a CEPA member of EPI or not, all are welcome to attend.  Join the next local chapter meeting or event in your area.

To learn more about upcoming events, visit www.EPILosAngeles.org.

 

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPILosAngeles.org.

About the Presenter


Sevan Gorginian, Esq.

Sevan Gorginian, Esq.

Bankruptcy Attorney

 

Meet Sevan Gorginian, Esq.:

Sevan Gorginian is a bankruptcy expert and the go-to person for all bankruptcy needs. As a recognized “Super Lawyer” and recipient of the “Top Lawyers for 2021”, he is ranked one of the top bankruptcy attorneys in the area. He helped his clients discharge over $2 million of debt, discharge judgement liens on homes, save properties from foreclosures, and help businesses that are struggling. He is also a professor at CSUN where he teaches business law at the Nazarian College of Business.