Accounting Services
BANKRUPTCY
E&T's Business Valuation/Forensic and Litigation Services
(BVFLS) Group has provided a wide range of services in bankruptcy
matters. We have advised secured and unsecured creditors,
debtors, trustees, creditors' committees, and bankruptcy counsel
in most phases of Chapters 11 and 7 proceedings. We
can assist the parties in bankruptcy proceedings in numerous
ways as described below.
Debtor - E&T's BVFLS Group can provide valuable
assistance to debtors during the reorganization process to
improve the prospects for successful emergence from bankruptcy
protection. Our professionals can assist the debtor by:
- Determining short-term cash flow requirements and managing
the use of current assets
- Evaluating business and/or product lines for divestiture
- Valuing non-core assets and formulating exit strategies
- Executory contract acceptance and rejection analysis
- Identifying opportunities to reduce operating and overhead
expenses
- Identifying new sources of capital
- Negotiating with creditors, investors, suppliers and customers
- Preparing and evaluating reorganization or liquidation
plans
Secured Creditors - E&T's BVFLS Group can assist
secured creditors by evaluating the debtor's cash collateral,
determining the value of the secured creditor's collateral,
evaluating whether the debtor's use of the collateral is impairing
the collateral's value or if debtor is using the collateral
to improve the position of other creditors to the detriment
of the secured creditor. Additionally, we can assist the secured
creditor in evaluating a restructuring of the obligation and
whether reorganization and liquidation plans provide fair treatment
for the secured creditor's claims.
Unsecured Creditors - E&T's BVFLS Group can help
unsecured creditors and their counsel sort through the vast
quantity of data to develop meaningful answers and strategy.
Among the services we can provide are:
- Analysis of claims including determination of magnitude,
priority, and offsets
- Preference investigations
- Determination of debtor solvency at times prior to the
actual bankruptcy filing, including cash flow and insolvency
analysis
- Fraudulent conveyance analysis
- Equitable subordination of claims
- Determination of the fair value/adequacy of the consideration
transferred
- Evaluation of related party services and the fees paid
- Determination of the debtor's ability to pay maturing
obligations
- Valuation of the business including intellectual property
and intangible assets
- Evaluation of proposed reorganization plans and cash flow
modeling
- Identification and valuation of non-core intellectual
property and other assets that can be liquidated
Trustee/Receiver - E&T's BVFLS Group can assist
bankruptcy trustees and receivers in managing the process
of either turning a company around or engaging in an orderly
liquidation of the company's assets. We have also served as
trustees, receivers and examiners. In addition to all of the
services identified above, we can assist trustees and receivers
with business status evaluations, turnaround plans, management
reorganization, cost cutting and cash flow improvement, management
and control of documents, preparation of court filings and
status reports, liquidation of assets and businesses, distributions
to creditors, coordination of professional service providers
and temporary management of the business.
Please contact
us for additional information regarding these services and the cases we have handled.
