Filing for bankruptcy can be a humiliating and time consuming strategy to get out of debt. Resources, money and close friends and family are drained in the process while the person filing tries to straighten up their business and personal life. In our currently slow economy, many more individuals and businesses are filing for bankruptcy to insure their monetary forecast. If you’re a business owner, filing for bankruptcy can be even more detrimental because of the stakeholders involved, vendor relationships, employees, higher management and large customer base that trusts in the products and services. Business owners have to remain focused on planning a recovery strategy while filing for bankruptcy.

Houlihan Smith & Company specializes in financial advisory to public and private businesses and can also assist companies dealing with or preparing for bankruptcy. The Houlihan’s Bankruptcy Claims Administration provides quality assistance for bankruptcy claims, management and reconciliation services to companies. Houlihan Smith’s skilled professionals have expertise in and a willingness to take charge in the bankruptcy process. They will handle all data management, provide claims financial projections and claims tracking from inception date to final resolution.

Houlihan Smith will work the person filing to file their claim in preparing for the procedure. The company will serve as the messenger between the client, creditor committee, creditor’s and claimant’s legal counsel and provide them with current reports, projections and status inquiries. Houlihan Smith will have access to the debtor’s books and records and can present it to the bankruptcy court at any time so the person filing can bypass this step. Houlihan Smith will file the necessary paperwork to work to a final resolution and work with the person filing by fulfilling all accounts payable so you can go on with your normal life void of disruptions and look for new business ventures and income growth.