With economic uncertainty looming and no end in sight to persistent labor shortages, it’s increasingly important for business owners to remain proactive when it comes to preserving their financial health – especially when facing the possibility of bankruptcy. Attorney Lamar Hawkins recently shared his bankruptcy law expertise in a Phoenix Business Journal Leadership Trust article and outlined strategies to assist business owners nearing bankruptcy, including key alternatives they should consider before filing.
In the article, Lamar offers suggestions for making financial decisions that are compatible with long-term goals – from avoiding reliance on hard money loans, which are secured by physical assets, to utilizing budgeting tools and educational resources.
Lamar is one of the leading voices in Arizona for bankruptcy law and serves as Chair of the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory Commission. His practice focuses on all phases of debt workout and bankruptcy services, including Chapter 11 and Subchapter V 11 reorganization, Chapter 7 liquidation, financial workout negotiation and creditors’ rights. He is recognized by Southwest Super Lawyers as well as Best Lawyers in America©.