Restructuring and Bankruptcy Services
Integrated Nationwide Expertise
Today’s economic challenges are unlike any in history. In this environment of upheaval, business owners and managers demand – and deserve – the support of highly experienced specialists they can trust to guide them through difficult decision-making scenarios. To help organizations navigate today’s unexpected and unprecedented trials, PKF Advisory senior leaders and our nationally-based engagement professionals help businesses and organizations envision, plan and implement appropriate restructuring and bankruptcy strategies.
With Certified Insolvency and Restructuring Advisor (CIRA) credentials issued by the Association of Insolvency and Restructuring Advisors (AIRA) as well as Certified Turnaround Professional (CTP) credentials issued by the Turnaround Management Association (TMA), our specialists are fully equipped to help managers evaluate, plan, negotiate and execute business continuity strategies quickly and objectively. When other restructuring alternatives have been exhausted, a bankruptcy reorganization may offer welcome relief and even sustain viable businesses. But these reorganizations are intricate, making our expertise in accounting, tax and valuation essential.
Distinct, Definitive Advantages
Credibility with Lenders – Throughout their careers, our advisors have forged highly collaborative relationships with investors, lenders, legal systems and other resources. The result is their unique ability to offer clients insight, solutions and peace of mind during periods of duress.
Cost Effectiveness – When cash flow is compromised, reducing expenses is of paramount importance. Engaging a single team rather than individual firms operating in multiple locations allows businesses to capitalize on synergies that can result in significant savings.
Liquidity Management Tactics – With rare strength in analyzing working capital profiles, we identify possible means for lengthening the time a business can operate with cash on hand at its current cash spend rate and for enhancing liquidity.
Operational Improvement Strategies – Though stressful, difficult times often prove opportune for reassessing a business and introducing strategic performance enhancement initiatives. Our specialists are adept at recognizing opportunities for optimizing operating costs, improving processes and streamlining workflow.
Business Development Guidance – Improving performance during a restructuring often involves generating revenue, which makes expanding market share essential. Count on our professionals for assistance evaluating all sales channels, formulating business development strategies, developing or reinvigorating incentive plans for sales teams and using CRM software to track prospect cultivation activity.
Business Tracking and Monitoring – Our advisors can help implement a robust tracking system, which provides the information needed to control and improve billing and accounts receivable, budget and forecasting, purchasing and supply chain management, inventory and asset management, among others.