Services

Bankruptcy

Creative Business Solutions
Our approach to each situation is tailored to meet the specific needs of our client and the business situation. Our clients have asked our advice on all phases of operational and financial problems. They demand, and receive, creative ideas for maximizing their credit recoveries and for improving business finances and operations.

Extensive Experience Representing Debtors, Creditors’ Committees and Trustees
ESBA professionals have extensive experience advising Debtors, Creditors and Trustees on financial, operational and investigative matters related to bankrupt businesses. Our Chapter 11 experience includes major, national assignments, middle market businesses and small companies in a broad range of industries.

Very Competitive Fees
Our very competitive fee schedule enables our senior professionals to personally deliver the highest quality business restructuring, crisis management, analytical, and investigative services at a competitive price. ESBA’s top hourly rates are less than the rates many accounting and consulting firms charge for senior managers in restructuring practices.

Selected Professional Services

• Crisis Management / Interim Executives
• Business Turnaround Plan Development
• Business Viability Assessment
• Cash Flow Management and Analysis
• Insolvency Analysis
• Preference and Fraudulent Conveyance Claims
• Pre-petition Claims Analysis
• Claims Agent
• Chapter 11 Planning and Exit Strategies
• Operational Restructurings
• Asset Sales
• Finance and Profitability
• Cash Management
• DIP Financing Arrangements
• Investigative Assignments
• Expert Witness Testimony

• SmarTalk Teleservices
• Horowitz Rae
• Hayes Corp.
• St. Joseph’s Hospital
• Girard Medical Center
• ERD Waste Corp
• Downingtown Industrial and Agricultural School
• Hi Gear Auto Parts
• Jack Greenberg Co
• Brownstone Studio, Inc
• Evans Distributors and Jewelers
• Universal Suppliers
• Payroll Express Corp. et al.
• HHL Financial Services
• SGL CARBON Corp.
• AIOC et al.

• Crown-Simplimatic Corporation
• Chama, Inc.
• Pegasus Gold, Inc.
• BrownstoneStudio, Inc.
• Comptronix Corporation
• Fastcomm, Inc
• Savin Corporation
• Commons Brothers, Inc.
• Lone Star Industries
• Allegheny Health
• Valley Advisors
• Mayer Pollock Steel
• Glickman, Berkovitz et al
• JD Pflaumer
• Phoenix Steel Co.
• United Merchants and Manufacturers
• The Loewen Group, International

• What is the condition of the Debtor’s operations?
• Ongoing viability? Can the years of consecutive losses be stopped?
• Is the reorganization plan achievable?
• Is profitable performance attainable in light of competitive issues and historic performance?
• Is the timeframe for implementation of the plan realistic?
• Is the infrastructure including systems adequate to support the plan?
• Are the best interests of the unsecured creditors being met by the proposed plan?
• Should the debtor be reorganized, sold or liquidated?
• What is the current cash flow situation and how is it being monitored and controlled?
• Are financial resources adequate to operate successfully?

• Operational Assessment
  Perform diagnostic review of operating strategies to develop an action oriented business plan.
• Financial
  Determine valuation and refinancing alternatives.
• Case Administration
  Fact gathering through investigative analysis, support strategies with counsel and committee, develop and negotiate plan of reorganization.
• Leading to - Successful Plan of Reorganization