The spate of high-profile national companies recently filing for bankruptcy is a harbinger of the tsunami coming toward Arizona businesses. However, planning, expeditious action and communication can help companies avoid bankruptcy – as Lamar Hawkins and Phil Glasscock shared in an article written for In Business Greater Phoenix.

Lamar and Phil offer numerous tips for building and maintaining cash reserves, cutting expenses, increasing income and restructuring debt and capital. Even when bankruptcy is unavoidable, their advice helps businesses identify significant issues to resolve before they are locked into something they regret.

Chair of the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory Commission and one of the leading voices in Arizona regarding bankruptcy law, Lamar focuses on all phases of commercial and consumer debt workout and bankruptcy services including Chapter 11 reorganization, Chapter 7 liquidation, financial workout negotiation, creditors’ rights, and bankruptcy-related tax issues.

Phil, who has more than 35 years of experience in business transactions, litigation and estate planning, approaches business representation differently than many other attorneys. He typically starts with ascertaining the client’s exit strategy and other long-term plans so that all efforts are designed to achieve lasting success.

Read the full article here.