Redirect vulnerability into strength

Performance and Restructuring services

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Overview

Increase your odds for recovery.

Uncertainty is constant—and any business can face financial distress. Those that succeed act early to preserve value and reduce risk.

We build on our practical experience assessing strategic turnaround and restructuring alternatives, helping you evaluate distress, design an appropriate plan, execute the right strategy and increase your odds for long-term recovery.

Market trends

10 yrs

Chapter 11 bankruptcy filings reached a 10-year high in 2025.

Source https://www.pwc.com/us/en/services/consulting/deals/library/bankruptcy-outlook.html
80%

Real estate, consumer goods and energy/industrial sectors combined for 80% of Chapter 11 filings.

Source https://www.pwc.com/us/en/services/consulting/deals/library/bankruptcy-outlook.html

Capabilities

Bankruptcy reporting and administration

We support your needs related to bankruptcy reporting requirements, including court reports and filings, SEC forms and lender reporting—helping enable transparency and compliance throughout the process.

Crisis management

Engage with key stakeholders to restore confidence and create time to stabilize the business. We build a platform for recovery and design sustainable restructuring solutions aligned to your long-term strategy.

Debt capital advisory

We work with you across all aspects of your debt capital structure, providing independent advice on restructuring options, collateral assessments and refinancing alternatives to help optimize outcomes.

Distressed M&A and transaction advisory

Our teams advise buyers and sellers to increase value and structure transactions—whether through plan sponsorship or a Chapter 11 §363 sale—helping preserve value under challenging condition.

Liquidity and cash management

Improve liquidity management through process enhancements and implementation of quick wins, giving you critical runway to execute turnaround initiatives effectively.

Operational improvements

Identify operational drivers of inefficiency and implement programs that enhance performance and profitability during times of stress.

Stakeholder management

We advise financial stakeholders—including banks, bondholders, asset managers and Unsecured Creditor Committees—on restructuring options designed to maximize recoveries and align interests.

Strategic alternatives and business planning

Conduct strategic reviews of underperforming businesses and evaluate available options so you can plan decisively and emerge stronger.

Wind down and liquidation services

We support wind-down operations resulting from Chapter 11 wind-downs or Chapter 7 dissolutions, helping manage complexity and protect stakeholder value.


Insights


Contact us

Steven Fleming

Steven Fleming

Performance and Restructuring Leader, PwC US

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