"Financial difficulties and bankruptcy are topics often discussed in hushed tones, as insolvency proceedings carry a persistent stigma of shame. Amidst such hardships and a prolonged crisis, an entrepreneur’s thoughts can easily become trapped in a loop; decision-making stalls, and the situation feels like an insurmountable knot.
The most important lesson we have learned from the reality of insolvency law is that it is rarely possible to untangle these knots entirely on one’s own. An expert is needed—someone who can view the situation from the outside while also stepping into the entrepreneur’s shoes. Bankruptcy is not a personal failure or a sign of incompetence; rather, it is a statutory way to bring operations to a close when all other options have been exhausted."
