Creditors are faced with making critical decisions to protect their interests when dealing with companies in bankruptcy. In order to make confident decisions and gain a better understanding of a debtor’s outlook and viability, creditors must review short and long-term cash flow projections, evaluate the debtor’s strategies and turnaround plans, assess and evaluate Plans of Reorganisation, and perform financial and operational due diligence among many other duties. These efforts can be a heavy burden for leaders and internal teams, taking their focus off of efforts to grow their own organisation.
Protiviti represents the interests of unsecured creditors’ committees to develop solutions in order to maximise overall recovery. Protiviti’s consultants have extensive experience working with distressed companies and are able to quickly assess a situation, identify the strengths and weaknesses, and recommend a specific course of action to best protect the interest of the creditors.