The number one rule in a workout, turnaround or Bankruptcy is to stay very involved and have a “never give up” mindset. If your team, professionals and opposition see or sense that you do not have faith, energy or have abandoned the ship, then you’re done.
Unless it’s part of the strategy, never be late for calls or meetings and always return emails on time. Focus on the day to day business or property and what you need to do to improve the situation. Focus on the legal aspect of the battle your fighting.
You’re the leader and your team takes their direction from you in terms of the energy and drive.
If you have made up your mind to stay to the other side, you still must stay involved. If that means bringing in new management or professionals, then do so. You will have good days and bad ones, it’s up to you to follow this number one rule and push for the good days.