Press Release - Phoenix-Based Decision Support Solutions LLC Launches to Help Small Businesses Through Debt Restructuring
A CPA, two lawyers, an operations executive, and a marketing strategist team up to help companies avoid business bankruptcy
March 29, 2021 — Phoenix-based company Decision Support Solutions LLC has launched to help local businesses grappling with large debt and other economic effects of this pandemic. The company utilizes the expertise from the corporate careers of its five principals to help small to medium sized businesses safely navigate up and out of the pitfalls of crushing debt and other cashflow problems.
Nick Van Vleet is a bankruptcy attorney passionate about helping distressed companies in any phase; Andrew Stubbs, a CPA and former CFO of a wide array of companies, utilizes his financial expertise to stabilize companies and drive growth; Emily Stubbs is a corporate and employment lawyer with a successful track record helping businesses shore up their back office, employee structure, and operational processes; and Nancy Mills, a graduate of Arizona’s Thunderbird School of Global Management, brings global strategic marketing knowledge; Erik Pfeiffer, a former management consultant, specializes in helping companies improve operations and organizational focus. Together they cover the bases with what skills are needed to turn a company around from sinking to sailing.
“We are small business advocates who help distressed companies navigate today's difficult economic challenges. We analyze their financial situation, measure recovery potential, and guide them through a spectrum of options, from business restructuring and turnaround to reorganization,” Emily Stubbs says.
Federal assistance to companies like paycheck protection (PPP) loans and Economic Injury Disaster Loans (EIDL) has temporarily propped up a lot of businesses during the COVID pandemic, but in 2021 these benefits will start to wane as unhealthy companies deplete their funds again.
“We want to ensure that Arizona companies don’t hit another drastic low, as in 2009 when bankruptcies in this state jumped 77% from 2008,[i]” Mills says. “This dream team can mitigate that disaster.”
About Decision Support Solutions LLC: In addition to helping clients find solutions to immediate cash flow, debt, and other financial issues, Decision Support Solutions works closely with companies to create key financial and operational systems, processes, and frameworks to set them up for success into the future. The four pillars for client success are commercial debt mediation, restructuring CFO advisory, bankruptcy support, and turnaround capital acquisition. https://www.dssrestructuring.com/
[i] Source: The American Bankruptcy Institute
https://abi-org.s3.amazonaws.com/Newsroom/State_Filing_Trends/2021_FilingTrendsArizona.pdf
