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Formal Bankruptcy Proceedings

Formal Bankruptcy Proceedings

GlassRatner is a leader in advising various parties during the bankruptcy processes. We advise debtors, shareholders, equity committees, lenders and creditors in Chapter 11 proceedings.

Over the years, we have compiled an impressive track record of debtor and creditor advisory assignments—working for both individual creditors and creditor committees. Our firm has been consistently ranked as one of the most active bankruptcy consulting firms in the nation.

Representing Debtors

We take on a wide variety of roles, including:

  • Pre-petition business assessment
  • Recovery planning and development
  • Budgeting and cash flow forecasts
  • DIP financing and/or exit financing, including negotiations with lenders
  • Operating metric reports and tracking systems
  • Developing plans of reorganization (POR), including negotiations with lenders, creditors and other parties-in-interest
  • Financial performance monitoring
  • Liquidation of non-core business assets
  • Sale of part or all of a company as a going concern in a Section 363 sale
  • Ongoing consulting services
  • Assuming interim management level responsibilities, including Chief Restructuring Officer, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and Treasurer

Representing Creditors

We take on numerous tasks, including assessing:

  • Debtor’s operations and ongoing viability
  • Feasibility of a plan of reorganization (POR) and alignment with the best interests of the creditors
  • Advisability of a Section 363 or Article 9 sale as part of an M&A strategy
  • Valuation of debtor’s assets
  • Liquidation scenarios
  • Recovery enhancement through investigation of potential preference actions, equitable subordination actions, fraudulent conveyances and/or management malfeasance

Investigative and Forensic Accounting Services

Based on our strength as forensic and litigation experts, we also provide investigative and forensic accounting services - and our professional opinions stand up to the scrutiny of the court. As part of the bankruptcy process we are often called on to assist in litigation-related roles, such as:

  • Preference analysis
  • Solvency opinions
  • Litigation support
  • Expert witness services

GlassRatner’s approach in bankruptcy matters is based on sophisticated financial analysis, practical experience and maintaining a clear focus on the ultimate goal.

Assignment for the Benefit of Creditors

In cases where a client is considering an Assignment for the Benefit of Creditors (ABC) option, GlassRatner is uniquely qualified to assess the viability of an ABC and execute the plan. We have been the assignee for both private and public companies, and are well-known and respected as one of the top Assignees in the United States. We invite you to learn more about this segment of our practice.

Begin Your Journey to Clarity

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