When economic conditions change, organizations may be forced to respond to liquidity constraints and operational challenges with a restructuring or even a bankruptcy filing. This will likely be a first-time event for the organization, and its leaders will seek a way to help it recover and thrive. They will need a trusted advisor who understands their business and can provide the options along with the pros and cons of each.
RSM is that advisor. We have demonstrated experience in restructuring, turnaround and business transformation, corporate recovery, bankruptcy, and reorganization, and can assist with related litigation proceedings in a wide range of industries and situations. We’ll assess your liquidity situation and collaborate with you on the best path forward. Relevant topics that we will address include:
Cash and liquidity needs
Access to capital (debt, equity, etc.).
Implementation of cost savings strategies
Ability to make rent or vendor payments
Ability to collect receivables
Impairment of the business and core assets
Long-term viability or going concern
Our knowledge, experience, and cost-effective methods enable us to be efficient, flexible, and timely in order to deliver and implement a plan tailored to your unique circumstances. We help you evaluate all your strategic options—from business transformation, turnarounds and workouts to bankruptcy and restructurings through to recovery and emergence.