With economists suggesting a slowdown or recession is on the horizon in 2022, In Business magazine turned to Lamar Hawkins for recommendations on how businesses can prevent a plunge into bankruptcy.
In addition to highlighting the importance of fully understanding contracts, cultivating relationships with customers, vendors and creditors and holding onto cash, Lamar urgedbusinesses to focus on strategies for business development and marketing. Generating income and minimizing expenses is much more effective than refinancing debt, and consulting with accountants and attorneys provides the information and analysis needed to make informed decisions.
Lamar, who confirmed the state’s first Subchapter V 11 bankruptcy, is well known for assisting clients with all phases of commercial and consumer debt workout and bankruptcy services. He is recognized by both The Best Lawyers in America© and Southwest Super Lawyers for bankruptcy excellence, and media outlets regularly rely on his experience for financial and legal stories.