Bankruptcy Advisory
At times, a company’s affairs are better managed under the protection of Chapter 11 of the United States Bankruptcy Code. Phoenix has extensive experience managing all aspects of the bankruptcy process on behalf of our clients in jurisdictions throughout the United States.
A successful Chapter 11 proceeding requires communication with all the constituents, moving quickly towards a plan of reorganization or a sale of the business or its assets. Phoenix has the experience and know-how to guide clients through the complexity and rigor of the bankruptcy process.
We provide a broad array of services to navigate this situation, including:
- Preparation of bankruptcy reports, including first day filings and monthly operating reports
- Development of weekly bankruptcy cash forecasts
- Monitoring our client’s operating performance
- Developing and negotiating the Plan of Reorganization
- Arranging, negotiating, and structuring DIP and emergence financing
- Developing claims and preference analyses
- Developing analysis and providing testimony in support of court motions
- Trustee services
- Managing asset sales, ยง363 sales, and bankruptcy liquidations
- Creditor Committee advisory services
- Expert witness testimony
Phoenix is very attuned to the owners’ and management teams’ needs within the bankruptcy process, and can provide interim management services if resources are unavailable. We have a track record of success within the bankruptcy arena, including: our clients’ accelerated emergence from bankruptcy; sale prices that significantly exceed the original stalking horse bid; and the creation and long-term preservation of thriving businesses that emerge from the bankruptcy process. Through the process, we work to ensure that the final outcome offers the best possible value for our clients and all constituents.
For examples of our Bankruptcy Advisory work, please click here
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