Heading toward the exits
Heading toward the exits.
Bankruptcy attorney Lenard Schwartzer has some simple advice for entrepreneurs who want to avoid bankruptcy: Don”t go into business.’You can”t avoid bankruptcy unless you avoid risk,’ Schwartzer said, ‘and you can”t avoid risk if you”re going into business.’Schwartzer represented the Debbie Reynolds Hotel, which was sold in bankruptcy during the 1990s, and was one of the attorneys for USA Capital, the hard-money lender that failed in 2006, owing investors $962 million. He now is the attorney for Silver State Helicopters. .
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