Crisis Management

In a distressed situation, time is of the essence. The debtor company’s credibilitymay 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.

 Find out more about our Fractional CFO Services Download Our free Guide Here! 

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