Troubled Firm Restructuring

We employ Solutions Management to help companies in turnaround, bankruptcy and other crisis situations.

What we do is:

• maintain a perspective of the problem (the "10,000 foot view")
  
  
• use regular meetings with management (usually weekly) to plot the long term recovery of the firm and keep it on course
  
  
• charge a manageable monthly fee, irrespective of the time involved
  
  
• if necessary, introduce one or more temporary or crisis managers into the firm to help implement the recovery plan and promote process
  
  
• manage any refinancing or transactional requirements (dispositions of businesses or other assets) on a success rewarded project basis

What we do not do is:

• duck the tough challenges; or find a short term or sub-optimal solution to earn a success fee, and then run

We often have creditors recommend us because our participation can enhance a debtor's credibility. We act on behalf of the shareholders to help company management develop appropriate operating and financial strategies to either maintain the business as a going concern or realize full value of the assets through their sale. We also advise clients who wish to purchase businesses from a debtor-in-possession.