Creditor Advisory & Workout Management

About this service offering:

Creditors often face significant financial risk as a result of business restructuring, transition, challenges and bankruptcy claims. Traverse provides Advisory Services to creditor groups and other stakeholders with interests in companies engaged in a restructuring, bankruptcy and transition or which are otherwise exposed to financial and operational instability. Our Creditor Advisory Services team provides solutions to lenders with varying positions in a company’s capital structure both in and out of court. In these situations, lender groups, creditor committees, bondholders, and other stakeholders require analysis and information that is timely, accessible and accurate.

Our Workout Management team specializes in providing leadership and assistance to companies with distressed assets. We analyze each unique asset and circumstance in order to determine the appropriate workout strategy. Our goal here at Traverse is to provide clients with a structured path to restore a company’s long term operational and financial stability, profitability and feasibility.

We also provide receivership services to lenders. That support comes in the form of either or both pre receivership analysis and as Receiver. Garden variety receivers come in the form of attorneys and real estate professionals that do not possess the experience and leadership skills to quickly grasp the issues in an operating entity. Our professionals are C-Level executives that are experts at preserving collateral and maximizing recovery.

Creditor Advisory Services
  • Support Financial Advisor to Creditor Committee
  • Determining viability
  • Identifying operational improvements, cost reductions, and other profitability improvements
  • Monitoring operations, cash flow, and liquidity
  • Evaluating exit strategies such as reorganization, full or partial sale, merger/acquisition, and liquidation
  • Insolvency analysis and expert testimony
  • Analysis of insider, preferential transfers, and fraudulent conveyances
  • Review of substantive consolidation issues
  • Conduct situational assessment
Workout Management Services
  • All inclusive workout management
  • Time sensitive attention to resolving the loan issues
  • Dedication to helping distress companies recapture or reduce the loan loss reserve
  • Preparation of 13 week cash flow
  • Liquidation analysis
Receivership
  • Federal or State
  • Operate as Going Concern
  • Preserve Collateral & Records
  • Maximize Recovery through sale or liquidation

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