Corporate Renewal

Crisis Management

In a distressed situation, time is of the essence. The debtor company’s credibility may be diminished. Management and employees are operating under significant stress. We can provide the following services:

Assessment / Audit

• Determine whether the core business can be saved
• Management capability assessment. Determine the need for “stay bonuses.”
• Pre-petition cash planning, Manage cash, working capital / Liquidity analysis

Intervention /  Communications

• The company can lose credibility and cooperation if inquirers are given inaccurate or conflicting information
• Develop an appropriate communications program and become the spokesperson

Recovery Plan

• Define alternative courses of action and assess risks and benefits of each. Consider only alternatives that are actionable.
• Build consensus among key stakeholders
• Lead and implement the consensus solution.
• Financial advice to class of creditors, such as the unsecured creditors. In this situation, we would help a particular class of creditors to maximize their position.
• Minimize value diminution due to bankruptcy.

Pre Petition Mediation Services

Bankruptcy can be very expensive and time consuming.  Companies may want to avoid a bankruptcy filing.

• Develop reasonable forecasts, restore credibility with lenders and implement plans to increase cash flow.
• Perform a liquidation analysis of alternatives and range of valuation.
• Mediate an acceptable level of value to the various classes of  creditors.
• Develop consensus among the various stakeholders
• Develop recapitalization plan that minimizes dilution to equity holders.

Chief Restructuring Officer and Other Interim Management

We bring management to the distressed situation

• Control of cash
• Manage the turnaround of the debtor company.
• Bring leadership that is skilled at difficult situations.
• Provide effective day to day management that deals with liquidity and operational issues.
• Implement the strategy
• Coordinate communications with government agencies, DIP lenders, and bankruptcy court.

  Why JFC?

• Hands on, senior operating experience CPA and former chairman of the NYS Society of CPA’s Publishing Committee.
• A proven track record for successfully managing distressed operations.
• Broad based expertise in the media industry.
• Network of potential strategic buyers, PE firms, lending institutions,  and hedge funds
• Prepared to mobilize quickly