Turnaround & Restructuring Services

Lender Advisory

J.S. Held Strengthens Family Law Practice with Asset Acquisition of Luttrell Wegis

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We have advised thousands of troubled and distressed middle market companies across nearly every industry, often exceeding expected recoveries for lenders and other stakeholders.  

We provide lenders with objective, data-driven analysis and solutions, enabling them to protect their interests and maximize recoveries in difficult situations.

As turnaround and restructuring professionals with deep operational experience, we go beyond the numbers. We analyze the underlying operational issues, such as plant capacity and supply chain risk, that should be the underpinning of any financial forecast. We assess the borrower’s financial challenges, identify the root cause of its difficulties, determine its business value as a going concern versus asset value, and offer insights into short-term and long-term liquidity requirements to successfully design and implement turnaround initiatives.

Our Services
  • Assignments for the Benefit of Creditors (ABC)
  • Asset Tracing & Recovery
  • Business & Scenario Planning
  • Business Assessment & Viability
  • Cash Flow Planning / 13-Week Cash Flow
  • Chief Restructuring Officer
  • Debt Default & Capital Restructuring
  • Expert Witness Support
  • Financial Investigations
  • Forbearance Evaluations
  • Forensic Accounting
  • Fund Winddown Services
  • Identification & Evaluation of Strategic Competitive Advantage
  • Interim Management
  • Investigation of Covenant Violations
  • Investigation of Potential Fraud or Potential Mismanagement of Operations
  • Lease Restructuring
  • Liquidity Crisis Evaluations & Strategies
  • Monitoring
  • Operational Assessment, Including Cost Reductions & Restructuring Initiatives
  • Orderly Asset Disposal
  • Receiverships – Federal & State
  • Recovery Strategies
  • Restructuring Advisory
  • Special Asset Group Oversight
  • Special Asset Servicing
Our Experts Are Engaged in Matters Involving
  • Complex Litigation
  • Covenant Violations
  • Debt Default & Restructuring
  • Forbearance
  • Fraud
  • Inability to Provide Reliable Financial Information
  • Lease Restructuring
  • Liquidity Crises
  • Orderly Asset Disposal
  • Potential Mismanagement of Operations or Fraudulent Information
  • Special Asset Group Oversight
Cash Management & Financial Restructuring

Our team reviews a distressed borrower’s short-term liquidity and utilizes 13-week cash flow models to support budgeting, performance tracking, and cash management. Based on the results of our liquidity assessment, our experts then recommend steps to maximize short-term cash conservation and generation. Further, our experts help lenders quantify the enterprise value of a borrower’s organization, consider alternatives available to lenders and their borrowers, and offer guidance regarding opportunities in restructuring debt or capital structures.

Operational Improvements & Monitoring

We work with lenders to evaluate the viability of a distressed borrower’s business plan, offer guidance on performance improvements and stabilization, and, if necessary, provide restructuring advisory and interim management services.

Our turnaround experts examine a troubled borrower’s business operations, processes, and management to identify the root cause of issues, assess potential risks, uncover opportunities to improve operations and cash flow, and provide recommendations and guidance to implement and execute an appropriate restructuring plan. Once a business has been stabilized financially and operationally, our team conducts performance monitoring to ensure the long-term ability of a borrower to meet their obligations.

Determination of Potential Exit Strategies & Sale Process

In certain scenarios, our experts help to develop and implement exit strategies, which may include debt refinancing, the sale of certain assets, or the sale of an entire company.

Our investment banking affiliates are regularly in the market selling stressed and distressed assets; as we look at liquidation scenarios, we can access proprietary information about current market trends. In situations where fraud is suspected, we provide forensic investigation and asset recovery services.

Receiverships – Federal & State

We are experienced in working with secured lenders to maximize recoveries on their collateral. We examine possible alternatives for lenders, including financial advisory and analysis, assessment of the borrower’s financial challenges, identification of the root cause of the borrower’s difficulties, and provide operational performance improvement consulting. When deemed necessary, our experts are sought out by lenders to provide receivership services, and frequently leverage the broader technical, scientific, financial, and strategic expertise of our firm to deliver tailored solutions to manage and maximize collateral.

We are regularly appointed as receivers in instances of corporate fraud, embezzlement, lapping, Ponzi and pyramid schemes, asset theft, and other malfeasance, as well as corporate deadlock situations. Our experts are involved in the reconstruction and reconciliation of accounting records; assist with evidence discovery, collection, preservation, and analysis; and provide expertise in hidden or misappropriated asset recoveries.

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