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 other national firms, we advise debtors, secured and unsecured creditors, examiners, Chapter 7 and Chapter 11 trustees, and serve as financial advisors to chief restructuring officers and business owners.
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 advisor 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