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Be Alert When Buying a ‘Troubled’ Company

December 18, 2013
In his "Risky Business" article for the Daily Journal of Commerce, Tim Conway advises buyers on how best to handle the purchase of "troubled" companies and companies that have filed for bankruptcy. Regardless of whether the sale is private or transacted through a bankruptcy court, buyers need to be thorough in their due diligence.
 
Companies that have filed for bankruptcy protection offer great opportunities for healthy organizations to fuel their own growth through acquisition of strategic assets. It is worth pursuing these opportunities, but best done with the guidance of an experienced adviser to help avoid the pitfalls of negotiating with a troubled company.