what cpas can expect in workouts and lending today?
if ever an economic period was destined for america’s history books, it’s this one, according to jerry mozian, a turnaround specialist.
“after a long run of living above our means, the concept of credit is being fundamentally revisited,” he says.
“when the dust settles, our nation will emerge a more value-oriented society – one that better understands leverage and restraint,” mozian says. “future generations can avoid the mistakes we’ve made by learning how we overcame them.”
for cpas, that means understanding a little bit more about liquidity, insolvency, bankruptcy and workouts.
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