You turn to Accordion.
Serving as financial advisors, we guide management through the Chapter 11 and Sec. §363 auction process, ensuring you meet deadlines within the extremely tight timeline imposed. This includes:
- First Day Motion Filings – Supporting counsel in filing First Day Motions by compiling essential financial and operational information.
- 13-Week Cash Flow Modeling – Building a 13-week cash flow model from scratch for use in budgeting, reporting, and to help size and time Debtor-In-Possession (DIP) financing. The 13-week cash flow forecast is updated and sent weekly to stakeholders with a biweekly variance report.
- Cash Management – Setting up weekly disbursement reviews with management to review all outgoing payments, while effectively managing cash and adhering to regulatory requirements.
- DIP Financing – Contacting potential DIP lenders and negotiating terms with the DIP lender.
- Vendor Management and Negotiations – Helping identify critical vendors and overseeing communications to retain critical services and supplies.
- Bankruptcy Reporting – Working to put together comprehensive and mandatory Monthly Operating Reports, Schedule of Assets and Liabilities, and Statement of Financial Affairs.
- Key Employee Incentive Plans (KEIP) and Key Employee Retention Plans (KERP) – Providing analysis utilizing market comparables and expert testimony to support KEIP and KERP Motions.
- Creditor Requests and Meetings – Providing information requests and ad hoc analysis for the Secured Creditor and the Unsecured Creditors Committee.
- Contract and Lease Analysis – Compiling and reviewing a list of executory contracts to be terminated and calculating lease termination damages.
- Liquidation Analysis – Building a liquidation analysis waterfall for use in finalizing a plan of reorganization.
Your value is enhanced.
With our help, you successfully execute a §363 sale of essentially all company assets within a Chapter 11 bankruptcy while complying with healthcare-specific considerations.