Special Credit

Effective turnaround management may help a struggling company whose loan portfolio has been reclassified with its financial institution as a special credit. MMB professionals can assist by reviewing a company’s financial operating results and by making recommendations on courses of action that can improve financial performance and avoid bankruptcy.  These processes are done in conjunction with the financial institution and corporate counsel. 

We have individuals at our firm who are members of the Upstate New York Chapter of the Turnaround Management Association, a national organization of professionals specializing in assessing and assisting financially distressed companies.

Bankruptcy Support

Mengel, Metzger, Barr & Company will work with both management and counsel for either the debtor or creditors by performing a revenue maximization/cost reduction analysis, or through the use of cash management, forecasting, and pro-forma projections.  These services are performed both on a pre- and post-petition period in determining the necessity to both seek bankruptcy protection as well as submitting a comprehensive pre-packaged or long-term plan leading up to the full discharge. 

Bankruptcy / Debtor-In-Possession Compliance

Our professionals have worked with and testified before bankruptcy trustees and the Western New York District of the U.S. Federal Bankruptcy Court in both personal and corporate bankruptcy cases and are well-versed in the reports that the courts require.  This experience serves as a large benefit of efficiency and effectiveness to both management and counsel in these areas.

 

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