Out-Of-Court Workouts

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Out-of-court workouts are akin to your standard settlement negotiations in any civil matter. Out-of-court workouts are in lieu of filing for bankruptcy and taking the matter before a court. If the Out-of-court workout does not succeed, then moving forward with bankruptcy is always an option. Out-of-court workouts have their advantages. They are private, smoother in function, less adversarial, and cheaper then pursuing judicial intervention. Blakeley LC has represented both debtors and creditors in out-of-court workouts. The firm actively facilitates negotiations with the other party so that plans can be approved and agreements can be reached that benefit those involved.