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Business Triage

BY James A. Plemmons
August 01, 2016

Just like other areas of the practice of law, when dealing with companies having financial difficulties, every case is different. There is a whole host of issues and concerns in each matter involving a troubled company. What is the best way to evaluate a company's chance of survival? Perform an assessment of issues that can help determine if a company will survive, and considering additional factors that can influence a company's chances.

Triage: The Factors

The three most important factors in determining whether a company can survive are: 1) the viability of the business; 2) customers' support; and 3) the strength of the management.

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