Crisis, restructurings and restatements

Economic uncertainty, heightened global competition, evolving government regulation, and rapid technological changes can prove challenging for many companies. The enduring risks posed by forces like market downturns, competitive pressures, missed opportunities, strategic blunders or structural events are inherent to the trade. Business setbacks bring underperformance, declining earnings, and liquidity and cash-flow blockages. Financial and operational underperformance does not always signal the beginning of the end for distressed companies. Decisive and timely actions, with the benefit of advice from experienced professionals, can begin a successful turnaround of the business that refocuses strategy and ultimately creates value for stakeholders.

“It’s critical for companies to quickly identify key indicators of distress in order to quickly and effectively take action that will preserve value for all stakeholders.”
 
PwC Deals Partner, John Bittner, Business Recovery Services, discusses operational improvements

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Watch PwC's Deals Practice webcast, "Business Recovery Services - creating opportunities in a challenging energy sector."

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PwC Deals Principal, Steve Fleming, Business Recovery Services discusses healthcare providers

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PwC Deals Managing Director, Bill Fasel, Business Recovery Services discusses the Industrial Products sector

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From turnaround and restructuring plans to optimized exit strategies, PwC’s recovery specialists advise on solutions for a range of needs. We work with you to evaluate strategic and financial alternatives. We can also assist you with corporate reorganizations, evaluate your liquidity positions and advise on operating efficiency and margin enhancement. Wise business leaders prepare for the unexpected, and it’s never too early to prepare.

See below for our focus areas and capabilities.

Financial Restructuring

Debtor / Creditor Advisory

Distressed Transaction Advisory

Operational Restructuring

Financial Restructuring

  • Capital structure solutions
  • Cash flow assessment and management
  • Liquidity management and improvements
  • Lender negotiations, including
    covenant defaults, waivers,
    amendments, and extensions
  • Out-of-court solutions

Debtor / Creditor Advisory

  • Pre-bankruptcy planning
  • DIP financing arrangements
    and negotiations
  • Creditor, vendor and stakeholder negotiations
  • Plan of reorganization development
  • Expert witness testimony
  • Chief restructuring officer

Distressed Transaction Advisory

  • Transactional structuring and
    negotiation services
  • 363 asset sale experience
  • Deal strategy assessments
  • Deal evaluations and negotiations
  • Business plan and forecast assessments

Operational Restructuring

  • Working capital assessments
    and improvements
  • Business plan development
  • Cost reduction initiatives
  • Forecasting and budgeting
    process implementations

For information on the complex accounting aspects of bankruptcy, please visit PwC's bankruptcy reporting / fresh-start accounting page.