Tomorrow, October 17, 2007, marks the second anniversary of the effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, known as BAPCPA. BAPCPA was enacted primarily to make sweeping changes to the consumer provisions of the Bankruptcy Code. However, BAPCPA also made significant revisions in the business bankruptcy arena. When it
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An Entrepreneur’s Take On Managing Layoffs
By Bob Eisenbach on
Posted in The Financially Troubled Company
Almost every financially troubled company will face a layoff at some point. Knowing how to implement one with sensitivity to all employees (including those not part of the layoff) and with the needs of the business squarely in mind can best preserve the ability for future success.
Will Herman, an entrepreneur and former CEO…