Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreA Title Pawn Lender with $250 million in revenue, 550 operating locations, and more than 1,800 employees.
The Company was unable to renew its existing line of credit with its senior lender due to significant deterioration in the credit markets. While the Company was very profitable, its independent investment bankers were unable to locate replacement financing. The Company determined the best course of action to retain the value of the franchise for the equity holders was to seek protection under Chapter 11 while it sought a new capital structure.
Our experts were engaged to assist the Company in managing the development and flow of information to the various bankruptcy constituencies, negotiating with its senior lenders and other creditors, and assisting in the development of a plan of reorganization. As the Company operated in bankruptcy using cash collateral without a DIP loan, we were heavily involved in cash flow management and reporting.
> Bankruptcy Advisory
Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees.
> Turnaround and Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.
