The CRO may lead an organization through mildly difficult situations or shepherd truly distressed ones through much more drastic situations.

The Chief Restructuring Officer plays a critical role in helping distressed companies navigate the tricky waters of restructuring and bankruptcy.

Retention in a Chapter 11 reorganization ensures distressed businesses are able to navigate the complexities of bankruptcy.

Does a law firm in bankruptcy have rights to former client profits? The trend with the ‘Unfinished Business’ Doctrine and Jewel Waiver has answers.

For companies in decline, it is necessary to begin a process of corporate renewal. The success of this effort will be dependent on competent leadership.

In a liquidity crisis, managing cash flow is key to business survival. Discover strategies to preserve solvency and navigate through cash crises.

An organization that is in distress faces a harsh reality: to attempt to turnaround the business or dispose of it. This existential decision is incredibly time-sensitive, as any delay in action erodes the possibility of a successful recovery. In this article, we will explore the distressed organization and the difficult decisions faced by its stakeholders. We will outline considerations to keep in mind when faced with such a situation. As part of this process, we will also examine short-term survival as a concurrent process of the chosen strategy. The Key […]

Setting the Stage for a Successful Corporate Turnaround A corporate turnaround may be thought of as a tragically delayed transformation. This need for metamorphosis is driven by a lack of corporate resilience, which permits an organization to change and adapt as necessary. This article examines the core elements and principles of ‘performance management’ and provides meaningful and useful information for organizations seeking recovery and those hoping to prevent difficulties. Corporate Resilience Corporate resilience depends upon an organization’s ability to ‘pivot’ or reinvent business models and strategies as circumstances change. The […]

Like a professional fee carve-out, secured creditors may also agree to a carve-out for unsecured creditors to appease the court and creditors’ committee.

When is a business turnaround no longer viable? Ask these questions to determine if you or your client’s business can be saved.