It can be difficult to know the right moment to hire advisors to assist in times of financial distress or crisis. At times, business owners and managers assert that they can effectively manage affairs even when the bills are going unpaid, or loan covenants have been violated. Whitley Penn professionals have experience in situations where companies need help assessing their situation, managing dwindling cash, responding appropriately and accurately to requests for information, and negotiating with lenders and suppliers. Our team helps find solutions, ease tensions with lenders and suppliers, and works to restore credibility with third parties. We can also serve as a “buffer” for management so that they can focus on running the business while we determine steps forward on any restructuring process. We also take on management roles as needed/requested.