Our Insolvency Advisory Services are predicated on our working knowledge of bankruptcy and receivership proceedings. We represent both debtors and creditors in court or out of court workouts. Examples of the types of services Critical Point Advisors in bankruptcy and receivership settings including the following:
Debtor Services:
- Providingon-going coordination with client legal counsel regarding documentation and other issues
- Acting as the Chief Restructuring Officer (CRO) or as temporary CEO for debtors in possession under the Bankruptcy Code
- Serving as State Court Receiver
- Planning and preparing for a bankruptcy/receivership case, including financial projections and liquidation analysis
- Preparing achievable financial budgets requiring bankruptcy / State court approval,
- Compiling the court-required information and preparing Schedules and Statement of Financial Affairs,
- Negotiating cash collateral agreements and debtor-In-possession financing,
- Assisting on critical communications with employees (for example, issuing WARN notices), customers, suppliers, secured lenders, unsecured creditors’ committees and other stakeholders,
- Establishing systems to segregate pre-petition and post-petition transactions and financial records,
Creditor Services:
- Representation of Lender’s interests
- Preparation of independent financial projections and liquidation analyses
- Representation of Creditor’s Committee’s interests
- Review and evaluation of Debtor’s reorganization plan
- Collateral, Inventory, Accounts Receivable, Accounts Payable review and testing
- Analyzing pre-petition payments and transfers to identify payments and transfers that are recoverable in bankruptcy / receivership
