Avoid Bankruptcy with Second Wind Consultants - Rob Dinozzi

Second Wind Consultants is a business restructuring firm helping business owners resolve business debt and preserve businesses, while avoiding a bankruptcy. Second Wind works with franchisees, brands and systems across the US in all categories with a solution to distress available under the Uniform Commercial Code. 

Uniform Commercial Code Article 9, featured last month in Franchise Times magazine, provides for all debt to be removed from an over leveraged business. In this way, it can return to profitability, the owner will continue to earn so they can affordably resolve their personal guaranty on debt removed, without a bankruptcy.

For the brand, this means preserving a location, while avoiding closure or bankruptcy filings, giving the location a true clean slate and fresh start. 

This streamlined out-of-court solution is understood in financial communities, but not widely known in the small business community. 

The core concept is simple: When a business is preserved rather than liquidated, all parties benefit, including creditors. 

Robert DiNozzi is Director of Business Alliances for Second Wind Consultants.

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