Today, many hvac companies are in financial, legal, managerial or other serious trouble. They have several basic alternatives open to them to improve their troubled or crisis situation. The company owners and management need to understand the alternatives and select the best and most appropriate for their situation.
The hvac industry consists of many troubled companies. Most of these companies are in cash crunches, have large debts, are suffering operating losses, and/or have IRS and legal problems. Sadly, many are near collapse. When in this desperate situation it is not uncommon for owners to try to ignore their mounting problems, hoping desperately that some miracle will somehow get them out of serious trouble. Others are ready to give up and will seek bankruptcy as a solution.