The Turnaround: What Surviving Bankruptcy Taught Me About Achieving Success in Business and in Life

Bankruptcy is often seen as the end of the road for a broken business: an admission of failure. But despite the stigma surrounding it bankruptcy can actually allow a company to restart renew and improve--as long as its done right.When Gregory K. McDonough faced his own professional death spiral he took a deep dive into the bankruptcy process and realized that bankruptcy could help revive his business. Now he draws on his knowledge as a Certified Insolvency and Restructuring Advisor and his personal experiences to create a practical guide to staying mentally and strategically strong while navigating bankruptcy. The Turnaround provides vital information and coaching on the key elements of the process including the following: What bankruptcy meansWhen to declare bankruptcyHow to make hard decisionsFrom whom to get helpWhen to dissolveHow to protect your personal lifeWhat plans to put in place to rebuildGoing bankrupt does not mean giving in. With the right plan of action commitment and mind-set it can be the first step in turning a bad situation into a positive outcome.