Bankruptcy and Restructuring

When facing significant financial challenges due to disruptions in the economy and rapidly-changing business models, decisive action is critical to optimize operations and reposition the business for a stronger future. However, it is often difficult to accurately identify key drivers of under-performance. P&N helps companies evaluate both internal and external alternatives that can successfully reposition operations and strengthen financial performance.

Turnaround and Restructuring

P&N’s experienced turnaround and restructuring team can help your organization preserve and enhance shareholder value, optimize financial resources, and develop options for a clearer path forward. Working side-by-side with management, P&N can assist you with navigating alternative strategies to help your company quickly implement a sustainable turnaround and restructuring plan.

P&N provides the following turnaround and restructuring services:

Bankruptcy and Reorganization

In the bankruptcy and insolvency administration process, experience and knowledge are critical in distributing the highest value to stakeholders. P&N provides project management, financial advisory, and accounting services to assist clients with the significant reporting requirements. Our experienced team oversees productive cross-stakeholder communication, organizes entity-specific documentation, and establishes an efficient framework to meet the reporting requirements of the Bankruptcy Courts. We develop adaptable processes, allowing for responsiveness to company and counsel needs that arise.

P&N can also serve as financial advisor in advance of, during, and after bankruptcy, helping our clients understand accounting and debt-related considerations.

P&N provides the following bankruptcy and reorganization services:

  • Pre-filing planning and case administration
  • Preparation of voluntary petitions and “First Day” motions
  • Accounts payable cutoff procedures
  • Preparation of Statement of Financial Affairs (SOFA)
  • Preparation of Summary of Assets and Liabilities (SOAL)
  • Claim priority and liquidation waterfall analysis
  • Preferential payment analysis
  • Incremental Bankruptcy Court financial reporting requirements
  • Adoption of ASC 852, Reorganizations accounting advisory
  • Fresh start accounting advisory and valuation services
  • 409A Valuations of equity-based compensation

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