Bankruptcy
Whether considering or trying to operate through it, bankruptcy is an intensely difficult experience. In addition to the daily tasks associated with running your business, having your in-house staff manage bankruptcy issues can result in numerous, cascading problems. Our seasoned team of professionals provides efficient, smart, responsive bankruptcy consulting services before, during and after a bankruptcy filing.
A bankruptcy is challenging enough without specialists who leverage deep experience in order to represent your best interests.
Our skilled bankruptcy team has the knowledge and expertise to help our clients, regardless of the financial challenges they face. We offer practical, actionable solutions to guide stakeholders through complicated bankruptcy reorganizations while building collaborative relationships with investors, lenders and other parties of interest, enabling us to offer clients valuable insight and impactful solutions.
Our Bankruptcy Team
The members of our outstanding Bankruptcy team are seasoned professionals and business strategists that know what issues are most important and how to help clients navigate them.
Meet Our Professionals
Bankruptcy Consulting Services
Bankruptcy can be a complex process. While you focus on operating your business, the team at PKF O’Connor Davies will supply invaluable advisory services and vital guidance to help your organization navigate your case.
Key bankruptcy consulting services include:
- Financial analysis
- Liquidation analysis
- Identification of causes of insolvency
- Determination of viable bankruptcy options
- Bankruptcy filing administration
- Post bankruptcy consulting
Types of Bankruptcy
Bankruptcy can take different forms, but there are a few common types. Chapter 11 bankruptcy allows a business to keep functioning while it undergoes court-monitored restructuring, with the goal to eventually emerge from bankruptcy as a sustainable company. Chapter 13 bankruptcy is for individuals and sole-proprietors, allowing them to develop a plan to repay all or part of their debts over a period of time.
Chapter 11: Business Reorganization
The goal of a Chapter 11 bankruptcy is to restructure a business to make it financially viable once again. Business turnaround and restructuring may include a change in ownership or corporate control, certain product lines or departments eliminated or consolidated, debt structuring and renegotiation, employees replaced or terminated, adjustment of assets and liabilities and other important measures.
With access to over 400 member firms in 150 countries through the PKF International Network, our team will equip your organization with exceptional service in a variety of areas, including:
- Pre-bankruptcy planning and subsequent collaboration and negotiation
- Creditor, vendor stakeholder negotiations
- Liquidation analysis
- Transactional negotiations and structuring
- Cash flow projections and needs analysis
- Integrated financial modeling
- Operational improvement and restructuring
- Liquidity management and recovery
- Reorganizational plan development
- Evaluation of management’s turnaround capabilities
- Future profitability evaluation
- New sources of capital options
- Debt structuring and renegotiation
- Loan covenant waivers negotiation
- Exit strategy formulation
- Identification of strategic buyers/financial investors
- Solvency
- Creditors Rights Services
- Preparation of Schedules
- Financial Reporting
- Bankruptcy Administration
- Claims Management
- Wind-Down Management