DALLAS, June 3, 2010 (GLOBE NEWSWIRE) -- "Bankruptcy rates in the U.S. are frightening," stated Michael J. O'Donnell, Managing Partner at Pepperwood. According to the Administrative Office of the U.S. Courts, bankruptcy filings for the 12-month period ending March 31, 2010, were up an astonishing 28 percent over bankruptcy filings for the 12-month period ending March 31, 2009. The same period in 2009 saw filings rise 33 percent over 2008. Companies are in need of serious financial assistance but few know where to turn—and if they are aware of places to turn for help, few have the resources to devote to anything but last-ditch efforts to keep their companies afloat.
Businesses under $50 mil typically do not engage the resources available from business advisory or turnaround management firms, though these firms offer viable alternatives to bankruptcy. The fees associated with these services are cost prohibitive or there simply are no firms available to serve the market for companies under $50 mil in revenue.
Pepperwood Executive Organization presents options to small business owners as they face the danger of decreasing sales, negative operating profits, and possibly the threat of bankruptcy. Local economies are dependent upon the success of these companies, and this new workshop and turnaround system specifically designed by Pepperwood over the last year takes direct aim at solving the problem.
In launching this new workshop and turnaround system for small businesses, Pepperwood Executive Organization is currently in the process of establishing relationships with professionals in the top 50 cities in the U.S. Pepperwood is currently seeking turnaround practitioners, law firms, accounting firms, CTPs, and individuals with leadership qualities capable of acting as a chairperson for each of the cities. Contact us today to discuss a possible relationship in any of these capacities.
Lead by an award-winning management team from Dallas, Texas, Pepperwood Executive Organization is proud to be the only turnaround firm working with small business owners on a national level. Through the rollout and implementation of the workshop and turnaround system, Pepperwood Executive Organization will help improve distressed companies and help the healthy ones progress.
About Pepperwood Executive Organization
Pepperwood Executive Organization is a division of Pepperwood Partners, LLC, a Dallas-based investment banking advisory and turnaround consulting firm. Pepperwood Partners assists companies with financial and operational turnaround services at various stages including bankruptcies.
Pepperwood Executive Organization will organize and deliver a new workshop and turnaround system focused on improving operational results at small businesses in America. Launching initially from Dallas, Texas in the third quarter of 2010, these workshops will be held regularly in each of the nation's largest 50 cities by 2011. By building a professional network of turnaround consulting service providers, the workshop and turnaround system promises to immediately provide help to small businesses around the country.
To establish a professional relationship with Pepperwood Executive Organization, contact Michael J. O'Donnell of Pepperwood Partners at 972.499.8047 or MJO@PepperwoodPartners.com. For more information visit www.pepperwoodpartners.com.
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