Turnaround & Restructuring

Our focus is on value preservation and our broad experience in diverse industries, deep analytical skills and dynamic engagement with creditors, allows us to create options that lead to the best solution for all parties. We then implement this solution, while limiting negative impact on to day-to-day operations and preserving going concern value.

Situation assessment and stabilization

We evaluate liquidity position, lender & creditor status, and near-term business prospects to establish a triage plan that preserves value and secures options that represent the various interests of stakeholders. Through establishing programs with key creditors, we establish mitigations for near-term risk to business value. The completed stabilization plan identifies all viable near-term options along with respective risks, potential mitigations and benefits. Our process provides immediate organizational stability that allows the time to implement mid-term strategies that preserve value.

Cash flow planning and liquidity enhancement

We will prepare a rolling thirteen week cash forecast that incorporates payroll, vendor payment, other near term obligations, AR collections, expected revenue generation and other cash receipts. The forecast will encompass bank line implications including impact of fluctuations in accounts receivable, inventory, and other relevant assets on the borrowing base. This forecast will establish a weekly liquidity estimate over the thirteen week period and can be transitioned to company personnel for ongoing maintenance of the weekly three month cash outlook.

We will help indentify methods for increasing liquidity and help deploy these methods into daily operations.

Creditor strategy and negotiations

We have deep experience in addressing creditor issues during times of crises. We work directly with senior and subordinated lenders to establish plans that preserve value, increase options and result in the protection of stakeholder interests. We will work with unsecured creditors to establish workable programs, including vendor composition plans, that establish realistic creditor expectations and continued vendor support.

Out-of-court restructuring & bankruptcy advisory

We have helped numerous companies avoid bankruptcy through creative out-of-court plans that address the needs of secured & unsecured creditors and other stakeholders. Through these plans we will restructure balance sheet obligations, realign near term commitments and address equity considerations. This process avoids the high cost and value deterioration inherent in bankruptcy filings.

If bankruptcy is necessary, we will assist in the pre-petition forecasts and filing preparation, debtor-in-possession negotiations, post-petition court requirements, weekly cash forecasts, plan of reorganization preparation and claims and preference review.

Fiduciary, trustee, and receivership services

We can act as fiduciaries to protect and preserve assets and optimize obtained value. In addition, we analysis historical data and provide a forensic review of records. This process can identify previously unknown estate assets and uncover potential fraud and other claims.