Committee Work

To ensure the best results for the Committee, our core team will include professionals with bankruptcy, corporate recovery, investment banking, valuation, due diligence, forensic & investigative accounting and other relevant experience and expertise. We will immediately begin to obtain an understanding of the Company’s operations, as most turnaround/workout situations are not recognized by management until the company is having significant cash flow problems. Unsecured creditors are usually the last to be informed of the severity of the situation.

We analyze the debtor’s plan for reasonableness and feasibility, understand the effect of a sale of the bankrupt estate, and/or may have to determine the probability of success of a third-party plan that intends to bring new capital.

Other actions include:

• Evaluate the Company’s current financial status
• Evaluate the potential refinancing and/or reorganization alternatives available to the Company and determine the implications for any such reorganization including the impact on the Company’s stakeholders, including unsecured creditors.
• Evaluate immediate cash flows and analyze the Company’s 13 week cash flow projections
• Evaluate and identify potential alternative sources of recovery, if any
• Begin review of liens held by secured lenders
• Analyze and review revenue models for each of the Company’s operating segments
• Begin financial analysis of and determine the profitability of each operating segment
• Conduct a fixed and variable cost analysis to determine savings options
• Prepare preliminary report of financing and restructuring alternatives (Preliminary Review and Assessment “PRA”)
• Report to and advise the Unsecured Creditors Committee on all of the above