The worst insolvency outcomes I saw in practice were owners who waited — personally guaranteeing new debt to float a dead business. An orderly ABC or negotiated workout, started early, protects the owner. Started late, there’s nothing left to protect.
Know your exit before you need it.
Don’t pay a lawyer to find out what your rights are. Go to JusticePrompt.com — see the creditors kit and get the free kit. No credit card. No upsell. Just the documents and the law.