Chapter 11 bankruptcy is a stressful and unfamiliar process for most business leaders and boards, which is why so much of their attention tends to be focused on getting the business into and through Chapter 11 successfully — with little time being left to focus on positioning the business for post-bankruptcy success. Unfortunately, this narrow focus can lead to sub-optimal results and missed opportunities.
The ideal time to start thinking about life after bankruptcy is before filing for Chapter 11 — or, if that’s not feasible, then as early as possible. Thinking ahead and pro-actively developing post-emergence strategies and plans can help the business get a running start toward profitable and sustainable growth after emerging from bankruptcy.
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