Bankruptcy and Turnaround Initiating bankruptcy proceedings, followed by liquidation or a turnaround, may be the only option for a company facing overdue debts. Turnaround involves in-depth re-organization of core business operations to achieve a profit-making path. Liquidation, on the other hand, may lead to more efficient use of company's assets. CES Mecon works with either debtors or creditors to help stabilize the client’s financial and operational performance by implementing new strategies. Our involvement ensures that the process from entering bankruptcy until liquidation or turnaround is efficient, effective, and constructive.