Insolvency and bankruptcy

Bankruptcy

• Prepare bankruptcy schedules and statement of financial affairs.
• Gather data requested by the US Trustee and unsecured creditors’ committee. Manage the US Trustee relationship.
• Experienced in Delaware and Southern New York bankruptcy courts.
• Assist in plan formulation from the perspective of a plan administrator.
• Specialty is post 363 sale situations. Provide fresh, cost effective leadership that drives to a liquidating plan. Replace prepetition directors and officers when desired.
• Plan administrator and/or claims administrator.

Crisis Management

• Provide onsite leadership as CRO or CFO to stabilize and sell or refinance with limited to no cash availability
• Rolling 13 week cash flow with forecasted working capital and borrowing base.
• Manage trade creditors.
• Facilitate and accelerate information flow to speed sale process for the seller.
• Liquidations and wind downs. Specialty is post major asset sale liquidations.

Distressed Investing Advisory

• Avoid wasted legal and due diligence costs for first time distressed buyers.
• Advise on plan formulation for buyers. Utilize debtor professionals to minimize investor costs.
• Explore alternatives to bankruptcy purchase.