FINANCIAL TURNAROUND & RESTRUCTURING

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We take a thoughtful and constructive approach to financial turnarounds.

Our specialized team of financial turnaround and restructuring consultants can help you chart a path to success before it’s too late to make meaningful changes.

Planning ahead is paramount to a successful turnaround.

Even well-run companies can hit rough patches and find themselves in situations which require operational restructuring or renegotiation of agreements with financial institutions and other creditors. Executives often wait too long to implement change, and by then, lack the financial resources required to support an in-court or out-of-court restructuring. Our firm provides support which may range from implementing strategies to improve cash flow to adjusting pricing strategies and providing analytical rigor to support creditor negotiations.

Some of the things we do:

Crisis Management
Contingency Planning
Liquidity Management

13-Week Cash Forecasting
Daily Cash Monitoring
Budget-to-Actual Analysis
Key Performance Indicators

Working Capital Management
Recapitalizations
Debt Restructuring
Creditor Negotiation
Bankruptcy Reorganization

Initial Bankruptcy Reporting
Preparation of Motions
Monthly Operating Reports
Declaration Statements
Creditors Matrix
Claims Management
Plan of Reorganization

Unsecured Creditor Committee Advisory
Assignment for the Benefit of Creditors

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Financial Turnaround and Restructuring Project Examples

Bankruptcy Management and Sale Process

Managed the bankruptcy and eventual sale process of a leading technology manufacturer, including eliminating all debt while maintaining existing management and customer relationships.

13-Week Cash Flow Forecast

Designed, created and implemented a company’s weekly 13-week cash flow projection.

Interim Controllership Bankruptcy Consulting

Served as Interim Controller throughout bankruptcy process of an IT service firm, including the preparation of monthly operating reports for the bankruptcy court as well as weekly cash management.

Scenario Analysis for Recapitalization

Prepared projections under multiple scenarios in support of a recapitalization effort for international retailer. Created a proposal model to assist management in identifying strong opportunities and provided interim support to ‘clean up’ the accounting and reporting functions of the business.

Detailed Financial Modeling for Turnaround

Developed a detailed financial model to identify growth opportunities and assist in operational decision making. Built a comprehensive daily and weekly cash forecast to help management with cost reduction initiatives and working capital management for a medical management company in turnaround.

Financial Health Assessment

Assessed property management company’s financial health and identified real estate properties that could be liquidated to cash out and reduce negative cash flow during turnaround efforts.

Debtor in Possession Reporting

Created DIP (debtor in possession) reporting and fulfilled borrowing base certificate requirements for $1B+ apparel company.

Debtor Administration Support

Provided Debtor Administration Services to $1B real estate investment company, including preparation of the Schedules of Assets and Liabilities and Statement of Financial Affairs, reconciliation of intercompany account settlement and preparation of financial statements for 250+ debtor entities.

Financial Turnaround & Restructuring Insights

Get unique perspective from our Turnaround and Restructuring Consulting team.

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Project Management

Corporate Finance Restructuring: Swinging for the Fences Through Transformation

I believe there are a few important strategic ingredients for success to get right before you ever get to the tactical project side of the equation. This article will walk you through them and then give an example of a significant project at a company where I worked.

March 16

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Financial Planning & Analysis

Revisiting Business Assumptions: A Profitable Good Habit

It is important for business leaders to look at the following on a regular basis in order to create an early warning detection system.

July 30

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Business Stabilization

Principles of Measuring and Managing Liquidity Risk

Without proper cash flow management and sound liquidity risk management, a business will face a liquidity crisis and ultimately become insolvent.

July 22

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Business Stabilization

Rethinking Transformation Initiatives in a Time of Crisis

To structure and implement a successful transformation initiative, management must make timely and efficient decisions no matter what crisis phase their business is in.

June 16

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