BANKRUPTCY / RESTRUCTURING
Although every effort should be made to avoid bankruptcy, when it is the best solution businesses often make the mistake of “giving up” and/or making irrational decisions. Even in bankruptcy, owners still have important choices to make and creditors often require operational procedures to increase recoveries and minimize risk.
Our experienced team of restructuring professionals is a valued resource for distressed companies, secured and unsecured creditors, trustees and other stakeholders. Our team of credentialed Certified Insolvency and Restructuring Advisors provides services related to reorganization, preference recovery, litigation support, liquidation, investigation, and expert witness testimony to a wide range of clients and industries.
Regardless of which “side of the coin” you’re on, debtor or creditor, bankruptcy can be a troubling, complicated matter. However, when planned and managed expeditiously, bankruptcy can be a tool for future success.
Debtors have a number of actions to take, including:
- Own up: Don’t make a bad situation worse with procrastination.
- Reorganize: Negotiate out of court if possible— options for turnaround/workout are many.
- Counsel/advisors: Involve legal and accounting professionals early.
To best manage bankruptcy exposure, creditors should plan for at least the following three stages:
Assessment: Critical before and after a filing.
Negotiation: To improve recovery solutions.
Litigation: Never pleasant, but sometimes necessary.
RMA has the knowledge, understanding and experience you need for comprehensive debt and equity restructuring. We have broad, deep experience in helping debtors and creditors with workouts, tax issues, financial impacts, valuations, litigation, liquidation, investigation and expert testimony. RMA also works with creditors’ committees to maximize financial returns in difficult situations.
Bankruptcy & Restructuring services include:
Advising creditors and creditor committees
Debt restructuring and loan workout