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Evaluate
distressed company's existing business conditions,
cash management system and controls. |
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Identify actions required to stabilize the
business. |
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Identify
opportunities to stem cash losses and minimize
financing requirements. |
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Obtain
cooperation of secured and unsecured creditors. |
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Develop
understanding of long-term viability issues. |
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Assess likelihood of a successful business
turnaround. |
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Identify
alternative actions to improve profitability,
enhance creditor recoveries and maximize
shareholder value. |
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Develop
management consensus on a plan of action. |
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Mobilize
the company's resources to execute the plan
proactively and expeditiously. |
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Assess
debt service capacity. |
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Develop business valuations. |
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Access
capital markets to refinance/recapitalize. |
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Monitor
actual results compared to plan/forecast. |
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Take
corrective action as necessary. |
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