Bankruptcy Advisory Services

Businesses confronting serious financial challenges may seek protection under the United States Bankruptcy Code. The bankruptcy process affords debtors breathing room against impending creditors seeking legal remedies to collect past due obligations and provides debtors the opportunity to effectuate a plan to reorganization or liquidation.

Mazars’ extensive experience and depth of knowledge in providing Bankruptcy Advisory Services enhances existing management’s ability to continue business operations throughout the duration of a bankruptcy proceeding. Drawing from years of experience advising clients in troubled situations; we offer integrative and calculated solutions to debtors and trustees in Chapter 7 and Chapter 11 cases. Our approach focuses on the unique financial, operational and strategic challenges facing your organization. Services include:

Compliance and Reporting:

  • Court reporting –monthly operating reports and financial statements
  • SEC reporting
  • Tax compliance
  • Implementation of fresh-start accounting (ASC 852, formerly SOP 90-7)

Cash Management and Projections:

  • 13-week cash flow reporting development
  • Develop lender reporting
  • Working capital assessment
  • Lease rejection analysis
  • Business record reconstruction
  • Vendor relationship management

Claims Administration:

  • Claims analysis, reconciliations, and negotiations
    Plan Development:

  • Assist company in development of long-term business plan
  • Debt restructuring
  • Cost realignment and benchmarking
  • Tax planning
  • Develop bankruptcy plan of reorganization or liquidation
  • Liquidation and feasibility analysis

Valuation:

  • Reorganization value determination
  • Insolvency analyses
  • Assessment of collateral values

Forensic Accounting and Litigation Support:

  • Preference and fraudulent conveyance analyses

 

     

     

     

 


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