Restructuring and Turnaround

We can serve as receivers or trustee in court-supervised situations. Working closely with stakeholders, we will provide businesses with the stability and expertise required to navigate the court process.

Businesses must make prudent decisions to work through their challenges in distressed situations successfully. Our job is to provide independent advice that removes confusion and clarifies the situation. This includes developing a financial plan and actively supporting the implementation of resolution strategies.

HBC offers advisory and strategic support to businesses and their legal counsel through all phases of the bankruptcy process. For a debtor, we can assist with the preparation of the bankruptcy filing, the preparation of court-required financial documentation and provide continued support through all financial aspects of the bankruptcy process. We will assist a Creditors Committee in determining the best alternatives and strategies available to maximize value for creditors.

Our role is to help define the best path forward. We don’t send you a team of twenty-somethings with zero real-world experience so that we can achieve this efficiently and cost-effectively. We can help test theories, determine if positions are defensible, evaluate strategies, and quantify damages. Just as importantly, we can anticipate and critique opposing arguments.

Operational Services – We perform all responsibilities ordinarily performed by an owner or manager, including managing and safeguarding property and assets and continuing necessary relationships with lenders, lessees, and others. We also prepare to operate and capital budgets and projections, implement control systems and monitor cash collections and disbursements, ensure the continuity of supplies and services, deal with outstanding tax and regulatory issues, negotiate disputes and litigation, pursue and resolve insurance claims and issues, and recover amounts from third parties as needed. We will also work to preserve the value of your brand.

Reporting – We provide all required progress and monthly reports to the court and relevant parties. Upon conclusion of the receivership, we submit a final report/accounting for approval.

Court Appearances – HBC can assist on a consultative basis regarding court appearances. Issues we can help you address include a borrower’s contesting of the receivership, a borrower’s filing of a petition for bankruptcy, a party’s failure to comply with court orders, illegal actions by a party, etc.

Bankruptcy Litigation – We can perform forensic investigations and provide a full suite of financial advisory services to any party involved in bankruptcy-related litigation, including:

• Fraudulent transfers
• Preferential transfers
• Claims against directors/officers and others

Distressed M&A engagements come with difficulties. Our role is to maximize value for stakeholders under these challenging circumstances and acting rapidly and definitively are two keys to achieving success. HBC will identify buyers and negotiate, manage, and execute the sale. With decades of M&A experience we provide the know-how to get the job done.

With real-world experience in corporate advisory and management roles, HBC is well-positioned to provide the stability and leadership your company needs. When we step into any executive management role, we will work closely and collaboratively with executives and boards of directors to formulate and execute reorganization plans. We drive operational changes that lead to greater profitability and successful outcomes.

Business valuations can be used in a variety of ways: M&A, working with various funding sources, determining compensation for key staff, for strategic planning purposes, resolving shareholder disputes and succession and/or retirement planning etc. HBC uses accepted standards to reliably value all business interests and assets.