Assisting Companies Undergoing Stress
For companies that are in financial distress, having the right advisory team is important to achieve the best possible outcome in an unfortunate situation. Most importantly, it is critical to have objective advisors with a strong legal, operations and M & A background. At Transact Partners, we have the knowledge and experience to help business owners work through these situations. Our attorneys can negotiate effectively with lending institutions for the time you need to explore all of your options. We can quickly assess your situation, determine the best strategy for the company and expedite the plan for recovery or liquidation. Strategies employed include:
- Evaluating credit exposures and documentation, offering recommendations on corporate governance and compliance topics, reviewing employee, customer, creditor and vendor relationships & agreements
- Explore all turnaround possibilities and options
- Evaluate the company and it’s officers regarding personal liability exposure
- Implementing approaches that may include cash conservation methods, an immediate sale of assets, inventory or product lines
- Explore an accelerated business sale transaction to obtain the remaining value
- Refinancing through an out-of-court transaction
- Explore the possibility of a quick merger with a company where synergies exist in operations, industry or product lines
- Consider formal proceedings such as Chapter 11 reorganization, a pre-planned 363 sale or debtor-in-possession financing
Time is of the essence in these situations, so please contact Transact Partners at 919-844-2929 or through the contact form immediately for more information on our solutions for distressed situations.