If your company is in trouble, you need a formal recovery plan. You use it to get loans for your business restructuring. To illustrate how a plan, you should use a fictitious company called XYZ Company in trouble. Here is an example of the summary of the reorganization plan of XYZ Corporation.
[Top Summary Example]
Summary
XYZ Company is a manufacturer of high-energy laser equipment and machinery used in the medical field. XYZ Corporation has two locations: headquarters and main factory is located in Newark, NJ, with the maintenance staff of the eastern United States, and the office, another non-manufacturing facility only, located in Spokane, Washington, maintaining the western United States.
In recent months, the President into law the bill for health care news. As a result, the U.S. government will soon take control of all equipment manufacturers that supply the hospitals in the United States. XYZ Company will be forced to sell all their production to the government at low prices.
(more…)