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The Recession Survival Kit

"The Recession Survival Kit", was the title of a free seminar presented by attorneys of O'Reilly Rancilio, P.C., to members of the Sterling Heights Area Chamber of Commerce. This April 30, 2009 seminar was coordinated by Clark A. Andrews and included Marc Kaszubski, David MacDonald and Kurt Steinke.

Seminar topics included:

Avoiding a Disconnect with Your Banker

Managing the Loan Officer Relationship
Understanding Your Loan Covenants and Financial Reporting Requirements
Opportunities for Refinancing
Bank Remedies for Default

Rightsizing in a Downsizing Economy

Downsizing Pitfalls
Reducing Liability
Reduction in Workforce
Voluntary v Termination
Older Workers Act

Leasing in Challenging Times

Renegotiating Lease on Behalf of Tenant
Representing Landlord in Today's Market
Outside Factors to Consider

Understanding Your Tax Assessment

Assessment
Assessment Notice: Taxable Value (TV), State Equalized Value (SEV), True Cash Value/Market Value (TCV)

Improving Your Bottom Line

Evaluate Your Business Plan
Improving Your Bottom Line
How to Handle Delinquent Accounts

Things to Know if You Receive a Bankruptcy Notice

Different Types of Bankruptcy Procedures: Chapter 7, Chapter 13 and Chapter 11
The Automatic Stay
Types of Creditors: Secured, Unsecured, Lease
Proofs of Claim