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About Our Services

We offer tailored solutions — whether private company or owner; public or private fund, adviser or fund service provider; or Fortune 1000 enterprise. Learn how we can help you.

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Assurance Services

Employee Benefit Plan Audits Internal Controls Investment Company Audits Private Company Audits SOC Readiness & Compliance

Tax Services

Federal Tax Planning & Compliance High Net Worth & Wealth Transfer International Filings & Structuring Investment Company Tax State & Local Tax Tax Credits & Incentives Transaction Tax Planning

Advisory Services

Business Valuations Data & Insights Digital Finance Solutions IT Strategy & Implementation M&A Advisory Outsourced Accounting Solutions Risk Assurance & Advisory Transaction Services Turnaround & Restructuring

Our Industry Expertise

Our industry experience means you can find professionals who speak your language and bring earned insights to the table. Learn how we can help you.

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Key Industries

Digital Assets Investment Companies Manufacturing Private Companies Private Equity Real Estate & Construction Technology & Life Science
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Our team wants to help your team stay up to date. Browse our thought leadership, events and news for insights and a point of view on business-critical topics.

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Insights

Browse valuable articles and publications our experts have written to help you and your organization answer key questions — and consider new ones.

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Join us in person and online for events that address timely topics and key business considerations.

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Find out what is happening at Cohen & Company, from industry recognitions and growth updates, to where we are contributing to important media stories.

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People
Foundational Principles In the Community Diversity, Equity & Inclusion Technical Excellence Alumni TIAG Membership
Why Cohen & Company Our Culture Total Rewards & Benefits Intern & Entry Level Opportunities Experienced Opportunities
Akron, OH Baltimore, MD Chicago, IL Cleveland, OH Detroit, MI Milwaukee, WI New York, NY Philadelphia, PA Pittsburgh, PA St. Clair Shores, MI Youngstown, OH
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Advisory Services

Turnaround & Restructuring

Helping You Identify & Implement a Strategy to Move You Forward

Our experienced turnaround and restructuring team can help instill confidence in stakeholders that your management team is proactive about and committed to making a positive change during a difficult time. With significant experience working for Big 4 and national firms, we advise debtors, secured and unsecured creditors, examiners, Chapter 7 and Chapter 11 trustees, and serve as financial advisers to chief restructuring officers and business owners.

Our Turnaround & Restructuring Services

We will help you not only identify a thoughtful strategy to stabilize the business, but also implement the strategy and position you for success moving forward.

Restructuring & Turnaround Advisory Services

  • Conduct current state assessment, identifying opportunities to retain value through new processes and/or solutions

  • Develop cash flow forecasting tools for internal and external reporting

  • Create restructuring roadmap to enable transformation

Debtor Advisory Services

  • Assist with compliance of external reporting requirements, including specific bankruptcy reports and related disclosures

  • Assist with liquidity reporting requirements, including reporting to lending institutions and/or other parties of interest

  • Conduct ad hoc analysis, including various financial and tax analyses

Creditor Advisory Services

Secured Lender

  • Advise on risks and opportunities of a company's business plan and restructuring alternatives to facilitate informed decisions

  • Use cash management models to calculate current cash position and length to support current operations; assess borrowing needs in real time

  • Use liquidity dashboard to track liquidity ratios, key assets and weekly cash needs to fund operations in a single location

Unsecured Creditor

  • Serve as the financial adviser to unsecured creditor committee to facilitate negotiations between the debtor and other parties of interest

  • Assist in recovery of assets, including identification and recovery of assets to be distributed to the estate

  • Conduct liquidity monitoring including assisting in assessing the ongoing cash needs of the debtor

  • Involved in negotiation, driving the best possible return for constituents

Receivership Services

  • Control the business temporarily to generate value from the assets of the business to pay creditors what is owed

  • Oversee the liquidation of assets and receipt of payments to distribute the proceeds to the priorities established by law

  • Serve on behalf of secured creditor that appoints us, or as an officer of the court, serving all creditors due to the court order

  • Provide transparent reports to all creditors on actions taken

Chief Restructuring Officer (CRO) Services

  • A senior professional, experienced with building and managing a clear turnaround plan

  • Develop thorough cash flow models to navigate business through a crisis

  • Lead restructuring arrangements with senior lenders

  • Provide guidance on transactions, carve-outs or acquisitions

  • Assist implementation of cost takeout and restructuring models

  • Identify outside capital sources as needed

  • Prepare for Chapter 11 bankruptcy filing

Meet Our Leadership

Josh Lefcowitz, CPA/ABV/CFF, CFE, ASA

Partner, Valuation & Litigation Support Services
jlefcowitz@cohencpa.com
724.260.8129

Andy Jordan, CPA, CIRA

Director, Transaction Services
awjordan@cohencpa.com
312.277.7211

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