Turnaround & Restructuring Services

Solutions for Distressed Businesses, their Creditors and Stakeholders

ParenteBeard’s professionals have extensive experience working with both creditors and debtors facing financial challenges. Whether the challenges come from the client’s financial performance or arise from a customer’s credit problem, we can help navigate these troubled waters.

In today’s business environment, underperforming and distressed organizations face new trials. These often include stretched cash flow, reduced gross margins, increased accounts receivables and increased lender scrutiny, among others. Our team understands business turnaround and restructuring strategies and can help guide your management team through strategy selection and implementation. If a more formal restructuring is required, we can assist in out-of-court reorganization solutions, utilizing bankruptcy or other court supervised alternatives.

Creditors are also tested when dealing with underperforming and distressed organizations. We advise creditors, either individually or in a creditors committee setting, on optimizing recovery strategies.

ParenteBeard’s professionals can serve roles in various capacities when a business closes down. Our roles range from advising management on the process for winding up the business, to taking control of a liquidation as a receiver or trustee, to serving as expert witnesses in the preference, fraudulent transfer and other litigation that a business failure engenders.

We bring extensive experience working with individuals, businesses and creditors in underperforming and distressed situations in a wide range of industries. Our team stays ahead of trending industry topics and changing regulations. Representatives from our team are active in the American Bankruptcy Institute, Association of Insolvency & Restructuring Advisors, Turnaround Management Association and regional bankruptcy bar associations.

Here’s how we can help you:

Turnaround Management
Bankruptcy and Reorganization
Wind-downs and Liquidations
Creditor Services
Fiduciary Services
Bankruptcy Litigation
Contract Surety and Project Funds Management Services