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  1. CohnReznick: Advisory, Assurance, Tax Firm
  2. Services
  3. Advisory
  4. Restructuring & Dispute Resolution
  5. Restructuring
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Restructuring

Quick and decisive action can resuscitate a financially distressed company, improve creditor confidence, and provide a foundation to move forward. CohnReznick brings together a multidisciplinary team that works alongside management. With a focus on running the business, we concentrate on restructuring operations, preserving asset value, and rebuilding stakeholder confidence. Our turnaround specialists immediately work to reduce costs, negotiate with creditors, and identify potential capital sources. And, if bankruptcy proceedings are required, we maximize value for all constituencies.

Corporate restructuring

Companies faced with cash flow pressures are compelled to implement operational changes fast. CohnReznick’s advisors bring both company and creditor perspective to each situation. This enables us to evaluate restructuring alternatives and create workout and turnaround plans that are acceptable for all parties. We are adept across the spectrum of restructuring from negotiating loan covenant waivers, to cost and operational analysis, and valuation services. The situation may also warrant forensic accounting services. Our specialists are adept at navigating the sensitive task of identifying fraudulent and preferential transfers and solvency issues, and the formulation of exit plans involving strategic buyers and investors.

Pre-bankruptcy and reorganization

Being on the cusp of bankruptcy is stressful and can affect your frame of reference in negotiation. CohnReznick’s team prepares documentation and negotiates on your behalf with debtors, credits, and other stakeholders during restructuring with a goal of maximizing outcomes in your favor. Our work may require financial modeling to determine the pre-bankruptcy liquidity, EBITDA, cash flow forecasts and collateral value of your business. As needed, we will arrange debtor-in-possession (DIP) financing and develop a comprehensive plan for a liquidation situation. Our team includes expert witnesses who can support you in bankruptcy and other court proceedings.

Financial recovery for debtors/creditors

The timely recovery of financial and other assets is critical when you are informed that a business relationship is in bankruptcy. CohnReznick’s expertise advising clients on the creditor-side has decades of experience across industries. In a fiduciary capacity with parties in interest, we serve secured and unsecured creditors, banks, and other financial institutions as a liquidating trustee, receiver, plan administrator, disbursing agent, or financial advisor. If it is required, we conduct claims analyses, perform debtor solvency studies, and trace cash and other assets to maximize recoveries for creditor organizations.

Related Services

  • Restructuring & Dispute Resolution
  • Value360
  • Dispute Resolution
Kevin P. Clancy
CPA, JD, CIRA, CFF, CTP, Global Director, Restructuring and Dispute Resolution Practice
View full biography
Contact Kevin
Cynthia Romano
Global Director, Performance Improvement and Restructuring
View full biography
Contact Cynthia
Game plan for recovery: Distressed investing in the COVID-19 marketplace and beyond
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Game plan for recovery: Add-ons and wind-downs amid distressed conditions
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Chris Creger & Antony Walker win 2019 TMA Turnaround Award for Non-Profit Transaction of the Year
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Consumer & Industrial
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  • Consumer
Financial Sponsors & Financial Services
  • Broker Dealers
  • Independent Sponsors
  • Mortgage Lenders
  • Real Estate Funds
  • Family Offices
  • Hedge Funds
  • Private Equity
  • Small Business Investment Companies (SBICs)
  • Special Purpose Acquisition Companies (SPACs) Services
  • Venture Capital
Life Sciences & Healthcare
  • Life Sciences
  • Healthcare
Public Sector
  • Government Contracting
  • Government
  • Not-for-Profit & Education
Real Estate
  • Affordable Housing
  • Commercial Real Estate
  • Construction
  • Opportunity Zones
  • Tax Credits
Renewable Energy
Technology & Media
Private Clients
  • Film & Entertainment
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  • Medical Practices
  • Private Clients
Cannabis
Services
Advisory
  • Accounting Advisory
  • Financial Modeling and Decision Analytics
  • Performance Improvement
  • CFO Advisory
  • Cybersecurity, Technology Risk, Privacy
  • Emergency Management
  • Emergency Rental Assistance Program
  • Global Consulting Solutions
  • Infrastructure Advisory
  • Project Finance and Consulting
  • Real Estate Advisory
  • Restructuring & Dispute Resolution
  • Risk Advisory
  • Technology+
  • Transactions
  • Valuation
Accounting & Assurance
  • Accounting Advisory
  • Accounting Services
  • Attest & Audit
  • Employee Benefit Plans
  • Lease Accounting
  • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
Managed Services and Outsourced Accounting
  • Data & Technology Solutions
  • Managed and Outsourced Services to Administer and Safeguard Public Funds’
  • Mitigate Enterprise Risk & Achieve Compliance
  • Prepare for the Future of Your Business
  • Managed and Outsourced Tax Concerns
  • Client Advisory Services
Tax
  • Federal Tax
  • International Tax
  • Exempt Organizations Tax Services
  • Private Clients
  • SBA Disaster Loan Assistance
  • State & Local Tax
  • Tax Credits
  • Trusts & Estates
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“CohnReznick” refers to CohnReznick LLP or any of its subsidiaries or affiliates. Each entity is a separate legal entity and solely responsible for its own acts and/or omissions.

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