Bankruptcy & Alternatives

CMBG is an experienced restructuring firm that helps companies experiencing financial hardship build creative strategies towards a path to recovery. Whether the answer is to restructure, close, or restart your business, the team at CMBG will thoughtfully work to identify your objectives and develop the right solution for your needs.

While bankruptcy is one available tool, it isn't always the best option. Some alternatives include negotiating with creditors directly to reduce liabilities, corporate reorganization, debt consolidation, exploring merger and acquisition opportunities, or the California state alternative to bankruptcy, an Assignment of the Benefit of Creditors (ABC). 

Regardless of the option that fits you best, finding an experienced professional to lead you through the process is your first step.


Founder, Jim Baer, on the FTX Scandal

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Closing a business is never easy. If you want expert, informed and compassionate assistance to do so then CMBG should be your choice. I have worked closely with the CMBG team for over a year during the closing of a family business of 45 years. Their skill and partnership allowed us to do so with dignity and professionalism. I will be forever grateful for their support. 

-Sue Hamrock


     Hamrock Inc

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The team at CMBG was professional, communicative, and highly effective in their ability to move quickly in order to maximize value for the sale.

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-Sam Kunianski
    Former Vice President,
    California United Bank

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Under the circumstances, filing the ABC was the best thing for me. It gave me a way to deal with my bank. It gave me a way to deal with my creditors. It gave me a way to make a living with my new company.

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-Chris Joseph
     Christopher A. Joseph & Associates, Inc.

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CMBG brings business insights and a practical, effective, reliable approach to these matters.  They understands the human dynamics almost always present in difficult and challenging business situations and knows how to address them. 

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-David Kupetz 
SulmeyerKupetz APC