With high inflation and the recession putting pressure on businesses, Phoenix Business Journal Leadership Trust turned to Lamar Hawkins for insight on steps companies can take to avoid bankruptcy.
Lamar shared several strategies for slashing expenses and maximizing income, as well as ways to restructure debt and raise investment capital. He also addressed the need for companies to build cash reserves and protect personal assets should bankruptcy become inevitable, and stressed the importance of seeking guidance from a trusted attorney to avoid unintended consequences.
Chair of the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory Commission, Lamar is one of the leading voices in Arizona for bankruptcy law. 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. Lamar is recognized by Southwest Super Lawyers, as well as Best Lawyers in America©.