We start by undertaking an analysis, which includes a review of cash flow, debt service capacity, capital structure, products, services, operations, reporting systems/controls and management team capabilities. We analyze the situation, determine the immediate needs and develop action plans. The next phase is to implement a turnaround plan, which often involves re-engineering the company's processes and rationalizing its operations. To obtain optimum results, our turnaround management specialists are available as needed to assume key managerial roles within the company on an interim basis. We attend to the vital aspects of the business - cash flow, bank and creditor relationships, and vendor and employee relations. Our turnaround management specialists are experienced in all aspects of reorganization and rehabilitation, including restructurings both inside and outside of bankruptcy protection. We establish systems and procedures designed to help the company avoid future pitfalls that can lead to a crisis recurrence.
