">
Gingold & Gingold LLC - Atlanta Bankruptcy Attorneys
Getting a Fresh Start
Local: (404) 685-8800 First Free Appointment
Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Atlanta Office Gingold & Gingold LLC 1718 Peachtree St NW #385
Atlanta, GA 30309

Phone: (404) 685-8800
Click here for our
Atlanta location

Cumming Office Gingold & Gingold LLC 327 Dahlonega Street
Suite 1901A
Cumming, GA 30040

Phone: (770) 887-2979
Click here for our
Cumming location

Dallas Office Gingold & Gingold LLC 201 W Memorial Dr
Dallas, GA 30132

Phone: (770) 443-1864
Click here for our
Dallas location

Douglasville Office Gingold & Gingold LLC 12451 Veterans Memorial
Highway (formerly W. Broad
St. and Bankhead Hwy.)

Douglasville, GA 30134

Phone: (770) 920-1939
Click here for our
Douglasville location

Bennigan's CEO has a post-bankruptcy plan for success

When small business owners here in Atlanta begin drowning in debt, a number of them feel like they have no options other than putting up a "Going out of Business" sign and calling it a day. However, in many cases business do have a number of opportunities that can help resolve debt problems and keep doors open. In some cases, bankruptcy allows business owners to do this.

Many people may think that a business bankruptcy is too complicated or difficult, but in fact in many cases the simpler Chapter 7 bankruptcy protection is a viable option. A pretty large restaurant business that started right here in Atlanta has recently emerged from Chapter 7 bankruptcy and it has a plan to enjoy a major resurgence.

Bennigan's filed for Chapter 7 bankruptcy protection back in 2008. During that time the company closed 150 of its locations, but franchise stores remained in business.

Today, the company has about 100 restaurants worldwide, and agreements are in place for up to 40 more.

The company's new CEO, who took over in 2011, recently talked with Fox Business and provided several tips for companies that need to make a comeback post-bankruptcy or after difficult times. They include:

  1. Determine a clear mission and strategy.
  2. Put together a great team of employees.
  3. Plan to go above and beyond what is necessary to provide a good customer experience, provided the business involves customer service.

Small business owners in Atlanta may benefit from taking advantage of the reprieve and fresh start that bankruptcy offers. Of course, this is not the best solution for all business owners. Those business owners who are struggling with debt might benefit from talking to a bankruptcy attorney about various debt relief options.

Source: Fox Business, "4 Turnaround Tips From Bennigan's CEO," Michele Helies, July 11, 2013