Chapter 11 bankruptcy is a court-supervised process that affords debtors a series of statutory protections, remedies, and options that are not available out-of-court, and which calls upon a financial advisor to bring competence in a unique and complex mix of finance, operations, strategy, and law. Having advised debtors in numerous bankruptcies, we understand what is required to effectively shepherd a company through Chapter 11 bankruptcy and position it for growth and profitability upon emergence. We work closely with attorneys, investment banks, commercial banks and all other parties-in-interest to ensure a transparent dialogue focused on the rehabilitation of the debtor in possession ("DIP") and the maximization of value for the bankruptcy estate and its stakeholders.
We appreciate that management is often experiencing bankruptcy for the first time and understand the challenges associated with trying to maintain business as usual during a court-driven reorganization. In this respect, Opportune plays a crucial role in managing many of the day-to-day activities and relieving the burdens associated with the bankruptcy process, freeing up management to focus on the sustainment and development of their business.
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Financial advisors develop dynamic 13-week cash flow forecasts, identify immediate operational efficiency savings, negotiate forbearance agreements with lenders, and model alternative debt restructuring paths. This proactive liquidity management gives executive leadership the stability needed to execute strategic turns.
During Chapter 11, advisors manage court-mandated reporting requirements (such as Monthly Operating Reports and Schedules/SOFAs), assist with debtor-in-possession (DIP) financing, evaluate Section 363 asset sales, model plan of reorganization recoveries, and interface with official creditors' committees.
Post-restructuring support includes resetting cost structures, optimizing back-office operations, establishing key performance indicators (KPIs), renegotiating vendor and lease contracts, and installing long-term financial modeling frameworks to maintain capital discipline and support post-emergence growth.
