Within your profitable core corporations, you likely have the wrong product mix. This is where the turn around plan comes in. This is key info for your turn around. You must continue your efforts.

We'll continue developing our interest payment during Q2 and Q3. What Happens to My Company When I File Corporate Chapter 11 bankruptcy? You can resolve it without having to lose your company due to receivership. Whether you attend it or not, you must also keep your weekly cash forecasting and control meetings. To develop it easier, think about hiring a family company expert to ease the discussion. You must be informed about what happened in the corporation to cause a problem and then locate the ways to repair the problem. You must not have to shoulder all the renegotiation work. You will lose your house and your individual availiable means to pay back the financial institution. This short solution will give you some relief, but in the long run it won't turnaround your company. This is a great opportunity for you to identify what is wrong with your company and how to repair it. You must only fire the CSO if you've a replacement ready to step in.