Q&A: Catching a Break When You're Broke

Attorney Jeffrey Grody shares some of the wisdom he gives to small-business clients at the end of their financial rope -- tactics that can keep a floundering business out of bankruptcy court

This time last year, lawyer Jeffrey G. Grody of Day, Berry & Howard in Hartford, Conn., was working on a lot of financing contracts for startup companies and their investors. Now, with many of yesterday's startups floundering in the current slowdown, Grody spends much of his time advising companies facing insolvency. In an interview with BusinessWeek Online reporter Theresa Forsman, he discussed what these companies are up against and how they can help themselves.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.