Business and public-entity insolvency rarely just “happens.”Rather, it is most often the result of a gradual process or “trigger event” which can, and should be,proactively addressed.

Pivoting out of insolvency means moving toward one (or more) primary “exit routes”:

• Restructuring

• Sale or spin-off

• Liquidation

A successful insolvency “exit” requires the skillful use of specific tools:

• Out-of-court negotiated agreements

• Assignments for the benefit ofcreditors

• Receiverships