Bankruptcy is one tool to solve a distressed company’s problems, but we prefer to pursue it as a last resort. Through precise analysis, skillful negotiation, and smart planning, troubled enterprises can often avoid bankruptcy. We have negotiated forbearance agreements with lenders and moratoriums on current payments to creditors to gain companies the time they need to return to profitability.
When bankruptcy is the only option, our deep understanding of the Bankruptcy Code enables us to steer clients through each step of the Chapter 11 process. We:
- Negotiate the framework for proceeding
- Closely monitor relationships with various creditor constituencies
- Ensure that each step required to succeed is taken in a measured, timely way
Our team is skilled at:
- Financial modeling
- Assessing how the tools available through the bankruptcy laws can help return companies to operational profitability
- Developing reorganization plans that work for both businesses and creditor groups
We also have proven experience in:
- Restructuring
- Cash collateral issues
- Asset sales
- Pension and employee matters