Filing for bankruptcy isn’t an easy decision for business owners to make, especially if the process is linked with negative stigmas. In a recent Phoenix Business Journal Leadership Trust article, Partner Lamar Hawkins outlines how perceptions of bankruptcy — once considered the end of the road for companies — have shifted for the better.
A combination of the 2008 recession, COVID-19 pandemic and legislative changes to bankruptcy laws have helped diminish archaic views of business bankruptcy. Lamar provides insight into how today’s businesses are breaking free of past negative stigmas to instead leverage bankruptcy to help rebuild, reorganize and ultimately come back stronger and healthier.
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©.
Read the full Phoenix Business Journal Leadership Trust article to learn more about how business bankruptcy perceptions have evolved and improved.