Turnaround & Restructuring Services

Turnaround & Restructuring

Our expertise in distressed situations allows us to analyze core business segments, reorganize operations, and restore long-term financial health. We develop and execute strategies to improve performance, divest non-essential assets, reduce overhead, and secure replacement financing.

In a workout situation, lenders and investors need to know if a business remains viable. We provide an objective, independent assessment to identify risks and opportunities, isolating core problems to protect and improve stakeholder positions.

Our turnaround plans focus on:

  • Liquidity & Costs: Stabilizing cash flow, cutting costs, and creating immediate liquidity.
  • Operational Shifts: Restructuring corporate processes to drive financial performance.
  • Strategic Divestment: Selling off unprofitable business lines or underutilized assets.
  • Capital Solutions: Negotiating recapitalization plans and securing new or replacement capital.
  • Future Strategy: Defining and implementing a viable long-term business strategy.

Interim Management

When a business faces instability, it often requires immediate, on-site leadership to stabilize operations and manage critical relationships with employees, lenders, and creditors.

Our partners bring hands-on experience serving as interim CEO, CFO, CRO, and COO. We provide the steady leadership necessary to guide companies through transitions, both within and outside of bankruptcy proceedings.

Bankruptcy, Liquidation & Receivership Services

We provide comprehensive support for companies navigating formal insolvency proceedings, ensuring compliance and maximizing value for stakeholders.

Bankruptcy Reorganization & Management:

  • Pre-Bankruptcy Strategic Planning: Developing a clear roadmap before filing.
  • Cash Collateral & Forecasting: Analyzing liquidity and creating required financial projections.
  • Lien & Creditor Analysis: Reviewing secured positions and creditor hierarchies.
  • DIP Financing: Arranging Debtor-in-Possession (DIP) financing to maintain operations.
  • Reorganization & Liquidation Analysis: Comparing recovery paths and developing formal Plans of Reorganization.
  • Compliance & Reporting: Managing bankruptcy schedules and ongoing court reporting requirements.

Wind-down, Liquidation & Receivership

  • Operational Wind-down: Managing the orderly closure of business operations and liquidating assets to maximize stakeholder recovery.
  • Court-Appointed Receivership: Serving as a receiver to take possession of assets, stabilize or wind down operations, and execute asset sales.

Jeff C. Merritt
214.226.0764
jeff@merrittadv.com
101 S. Coit Road, Suite 36-306
Richardson, TX 75080