Restructuring & Turnarounds – Bankruptcy Support
Our restructuring efforts typically involve financing debt, post-merger opportunities, selling portions of the company to investors, preparing for a merger, and reorganizing or reducing operations.
The advantage of having an independent, professional team lead the restructuring is that they are not married to the prior processes, products, and policies. An independent, professional team can focus 100% on the restructuring without the internal politics as well as the current executives having a full-time job within the organization.
Our financial restructuring process includes, but is not limited to:
Ensuring the company has enough liquidity to operate during implementation of a complete restructuring
Producing accurate working capital forecasts
Providing clear, open lines of communication with creditors who mostly control the company's ability to raise financing
Updating detailed business plans and considerations
In addition to our restructuring and turnaround services, Lakelet Advisory Group, LLC provides critical services specific to a court-supervised insolvency process. We collaborate with the client’s management team, board of directors, and legal and financial advisors to develop and implement a comprehensive reorganization plan.
Our bankruptcy assistance focuses on all three areas:
Pre-bankruptcy planning
Operating while under the protection of bankruptcy
Assistance in exiting from bankruptcy protection
Effectively addressing the concerns of bankruptcy or insolvency requires experienced professionals who understand the issues associated with this complex situation. We work with you to develop the appropriate solution for your situation. Our services include:
Creditors' claims analysis
Solvency of debtors
Restructuring proposals
Insolvency consulting
Due diligence
Settlement negotiations
Implementation of reorganization plans
Merger/sales