Services -- Chapter 11
Among the services provided in this segment of the Firm, we assist the Debtors in the following:
- Assist in obtaining the necessary data to complete the Voluntary Bankruptcy Petition Form.
- Assist in obtaining the necessary financial information to complete the Bankruptcy Schedules and Statement of Financial Affairs.
- Assist in the preparation of all financial data to be presented to the U.S. Trustee's Office within the first 15 days after the filing. This data will be used for the IDI ("Initial Debtor's Interview") and the General Meeting of Creditors (341 Meeting).
- Preparation of financial projections and cash flows together with Accountant's Report therein.
- Preparation of Liquidation Analysis for the Bankruptcy Court along with its related Notes and Accountant's Report.
- Assist Debtors' Legal Counselor in the preparation of the Plan of Reorganization, Disclosure Statement, and all other related documents for the Bankruptcy Court.
- Prepare Summary of Claims and Payment Plan Worksheets, reconciling the claims presented in the schedules with the proof of claims filed by creditors, presenting the status of each claim.
- Classification of claims and preparation of the payment plan suggested for each class of claims, individually and in the aggregate.
- Preparation of the Feasibility Analysis and the Accountant's Report thereto.
- Assist Debtor in developing an internal Plan of Reorganization and Cost Containment Program to reduce expenses, find revenues increase alternatives, and analysis of Debtor's operations.
- Assists the Legal Counselor in the preparation of all the Exhibits for the Disclosure Statement and Plan of Reorganization.
- Assist Debtor in developing internal control systems and procedures to improve financial conditions to effectively reorganize the emerging entity.
- Preparation and/or review of the Monthly Operating Reports for the Bankruptcy Court.
- Assist in any matters related to creditors meetings, such as meetings with banks and major creditors, looking forward for effective negotiations which may result in an effective reorganization of the Debtor.
- Assist in the organization of the dockets, proof of claims, and other related documents to reduce electronic filing costs and have effective access to all documents related to the Bankruptcy Court.
- Assists the legal counselor in the efforts to restructure banks debts, obtain new financing sources, and/or any DIP ("Debtor-In-Possession") or post petition financing.
- Litigation support as specialized financial witness. Assist the Legal Counselors in any litigation that may arise in the course of the reorganization that may require financial and accounting testimony and litigation support.