Symptoms of a troubled business which may benefit from experienced Crisis Management include negative cash flow, the inability to pay trade creditors according to established terms, overdue taxes, expenses which seem to be out of control, aging receivables, diminishing volume, an eroding customer base, difficulty in purchasing essential expendable items, and increasing employee turnover. Crisis Management is often categorized as Turnaround Management or Workout Management and crucial to the survival of a business, which is at, near, or moving towards bankruptcy. Other serious symptoms include the violation of loan covenants. In some circumstances, lenders may refuse to grant waivers for covenant violations and/or to re-finance loans. Lenders may declare loan defaults and may be threatening to force the business into bankruptcy. The inability to quickly obtain new or additional equipment, working capital, financing or forbearance on the defaulted financing, may be the situation, which immediately precedes a filing for bankruptcy. More Info