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Business turnaround services provide a fresh set of eyes to your small corporation or corporation to aid take mediocre earnings or an unorganized business projection and turn your enterprise into a success. Declaring corporate bankruptcy in Texas can assist you reorganize your company while keeping your people you owe at bay. One of my customers in Dallas recently called me with questions about the benefits and pitfalls of filing for business bankruptcy. Generally, turnabout bosses and consultants are former CEOs, COOs and CFOs from top-notch enterprises who like the thrill and satisfaction of saving near-bankrupt corporations. The Basics of Producing a small company Recovery Plan.