What We Do

As bankruptcy petition preparers, we help you and your advisors prepare for the process of financially restructuring your business through negotiation or by formally filing for debt relief under Subchapter V of the Chapter 11 Bankruptcy Code.

I have participated in many challenging business situations over the past 50 years as an executive and as a business owner but nothing in my experiences compares to having the world economy go from the best ever, to near total shutdown in 30 days.

Finding your way through this life-changing time requires listening to good advice, clear-headed thinking, resilience, and an optimistic attitude that you will persevere by doing whatever you need to do to save your business. My mission is to help coach you through that necessary but sometimes very difficult process.

The last thing any businessperson wants to do is file for bankruptcy. But the sudden and dramatic effects of the Covid-19 Shutdown have caused many companies to face making that life-changing decision.

“Subchapter V may allow small businesses to responsibly pause their obligations for long enough to negotiate with lenders, landlords, and other creditors and – hopefully – to resume normal operations once the immediate health peril subsides”.
Amy E. Vulpio, Esq. White & Williams, LLP

The catastrophic effects of the COVID-19 Shutdown on business owners and their families has been unprecedented and it will take TIME and money for many businesses to recover. The Small Business Reorganization Act of 2019 (“SBRA”I created Subchapter V of the Bankruptcy Code to help buy you the TIME you need to recover by providing debt relief while lowering legal costs and streamlining the plan confirmation process to better enable small businesses to survive bankruptcy while retaining control of their operations.

Working with Hardstone Capital LLC

I know from first-hand experience that when the wolves are at the door it helps a lot to have somebody alongside you to help keep them at bay. That’s what I do.

I guide business owners through the difficult process of restructuring by helping them:

Prioritize their operating and financial issues and make necessary corrections

Evaluate all restructuring alternatives, including Subchapter V

Develop 3-year financial forecasts

Identify non-bank sources of financing

Build a digital vault that includes all of the disclosure documents and financial data

Execute on a plan of action to save their business

Additional helpful resources:

Bankruptcy Basics for Small Business: Is Reorganization Under the New Subchapter V Right for You?
https://www.youtube.com/watch?v=jFlLwGICK54

SUBCHAPTER V: A Powerful Tool for Early-Stage, Venture Capital Backed Companies in a Crisis
https://www.natlawreview.com/article/subchapter-v-powerful-tool-early-stage-venture-capital-backed-companies-crisis

New Subchapter V May be the Bankruptcy Lifeline Small Businesses Need to Survive COVID-19
https://www.whiteandwilliams.com/resources-alerts-New-Subchapter-V-May-be-the-Bankruptcy-Lifeline-Small-Businesses-Need-to-Survive-COVID-19.html

Consulting Fees

I charge a very reasonable hourly fee for my consulting services that is billed against an initial retainer. If your plan ultimately involves filing for a Subchapter V bankruptcy reorganization, and my advisory role is continued, I will coordinate with your bankruptcy attorney to include obtaining approval of Hardstone’s fee arrangements by the bankruptcy Trustee in first-day orders.