SERVICES

Our professionals are retained by borrowers to provide advice regarding their businesses as well as how to approach renegotiating credit agreements, financial covenants and other terms of lending. DRPA provides similar services to financial institutions, bank syndicates and asset based lenders who desire financial counsel from an independent financial advisor who can readily access the borrowers’ books, records, operations and management from the “inside” of the business. All business strategy and corporate restructuring services are conducted following the standards set forth by the American Institute of Certified Public Accountants. the Association of Insolvency and Restructuring Advisors and the Turnaround Management Association.

Restructuring Advisory Services have a foundation in traditional business consulting/advisory services tailored to the nuances of financially troubled and/or insolvent enterprises. DRPA has prepared a chart [Download Chart] that compares and contrasts Restructuring Advisory and Traditional Advisory services.

When the situations become more turbulent and the underlying viability and strategy of an enterprise is in question, individual professionals of DRPA can take the helm. Direct hands-on implementation of cost cutting strategies, asset reduction strategies, revenue generating strategies and product market refocusing strategies can preserve value for stakeholders. Changing and enhancing the management team can be an important catalyst to achieving lender support, vendor confidence, employee buy-in and litigation/regulatory relief.

When shareholders, creditors or government agencies move to have a business operate under court supervision, the business professionals at DRPA have training and experience to preserve assets, manage employees and protect the interests of creditors while balancing the rights of all stakeholders. Individual professionals in the firm have served as state and federal court receivers, trustees, special masters and independent experts for the court. Our services have been requested by secured lenders, shareholders, judgment creditors, Federal and State Regulatory Agencies, Attorney General Offices and representatives of the Federal Bankruptcy Courts.

With an aggregate of over 100 years of experience in managing the financial and operational affairs of various companies, our certified insolvency, restructuring and turnaround professionals can offer both interim and supplemental management to boards of directors, shareholders or lenders who need an independent professional to effect corporate stabilization or turnaround. DRPA also regularly provides CRO services to companies not subject to court oversight and also provides fractional/outsourced CFO services to small and emerging entrepreneurial businesses lacking the resources to retain a full time financial officer.

When owners desire to sell their businesses, BVA can serve as an agent to evaluate, market and negotiate definitive purchase and sale agreements. In certain transactions, a complete business diagnostic review, assessment of assets, liabilities and earnings capabilities may be necessary to provide a credible base for documenting, negotiating and closing transactions. BVA assists buyers, sellers, and lenders with acquisitions, mergers, divestitures, purchases of assets, as well as structuring and buyout loans following the standards for brokerage services set forth by the International Business Brokers Association.

Subsequent to confirmation of a plan of reorganization, parties evaluate nominating and selecting a plan or liquidation trustee to prosecute recovery action claims and make distributions to creditors. DRPA’s principals have served as post confirmation plan administrator/liquidation trustee. Our forensic and valuation service team is also regularly retained as forensic accountants and appraisers by the plan/liquidation trustee to serve as expert witness in recovery actions. DRPA also prepares tax returns for liquidation trusts.