An objective eye – Financial experts can play a valuable role in coping with bankruptcy

Description

Abstract: Should a company find itself in severe financial distress, assembling the right team of advisors may help mitigate the situation. A financial expert can play an integral role on such a team, providing an objective eye regarding valuation, finance, accounting and expert witness issues. This article shows how, after stabilizing the immediate cash flow situation, a financial advisor addresses such issues as liquidation, reorganization, divestiture or sale, and shareholder buyouts. A sidebar looks at forced vs. orderly liquidations.