Restructuring

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.