Restructuring
You may be in trouble, but you have more options than you realize.
You may be in trouble, but you have more options than you realize.
After we address the internal cash flow challenges (see Crisis Management), we need to face the outside world. Critical relationships with creditors, lenders, shareholders and employees all need attention. The company needs a plan and it needs internal and external buy-in.
You may feel the cards are still stacked against you, but you have more options than you realize. Your best option is to perform, buy time, and get relief and there are several ways to do this.
Restructure:
Wind down:
Requires a carefully orchestrated series of negotiations with lenders and creditors. This means first getting a workout agreement with the lender, and then holding a creditors’ meeting to solicit a voluntary written approval of repayment terms. This low-cost solution is becoming the best option for many struggling companies.
Adds cost and complexity, but provides the best legal protection. We can assist you and your legal professionals navigate the requirements of Chapter 11 reorganization.
Requires transferring all company assets to a third-party assignee for sale as a going concern. It’s quick and simple.
When the company cannot get to positive cash flow and no outside investor is available, the best idea may be a wind down. The best outcome here might be for the company to run the process. It requires skill and experience, but it is another area where we can help.
The professionals at Burke Capital Corporation can offer solutions grounded in years of experience facing similar circumstances. We will help you get through these troubling times.
A fresh look from experienced, outside professionals often results in new and innovative solutions that jumpstart progress and accelerate gains.
Burke Capital is very good at what we do. Take a look at some of the great work we have done for our clients.
We would love to speak with you about how Burke Capital can find a solution for your business or simply answer your questions.