At CR3, our bankruptcy consulting professionals provide management teams a third-party, objective point of view supported by our decades of experience with insolvency. Knowing when a restructuring or turnaround is best accomplished by filing for bankruptcy protection or other court-supervised process is critical to our clients’ decision-making process.
While bankruptcy protection and similar legal avenues are generally perceived as a last resort, there is sometimes no other way to combat cash seizures by the bank, forestall default action by a lender or landlord, stay a significant creditor judgment, or get ahead of a supplier interruption. Often the complex restructuring of a business, its capital structure, or its contracts cannot be negotiated out of court.
We provide guidance throughout the insolvency process as CRO or Financial Advisor, including:
Roll-up mergers can create significant value through scale and cost savings, but not all roll-ups perform as expected. Speed of integration may be the most challenging factor when acquiring and consolidating multiple assets.
Ensuring every detail throughout the customer experience, as well as the back office, is executed according to a specific vision can lead to success, but it often means taking on functions internally that the business is not well-positioned to execute, or outsourcing functions that are best performed in-house.
This introductory article is first in a Performance Improvement series. Subsequent articles will isolate and expound upon specific tools and techniques.