Chapter 11 and Crisis Management
- Whitehall Group professionals are adept at handling situations caused by a lack of financial resources (either in or outside of a Chapter 11 proceeding) a depressed operating environment, organizational turmoil, or substantial outside pressure. We recognize that critical, short-term problems demand immediate answers. We can quickly grasp the requirements of a situation and assemble the resources reorganization demands. The needs of our clients and the demands of their particular situations determine the nature and extent of our assistance.
- In the middle of a crisis, even the best managers sometimes fail to see required actions, options and possibilities. Managers often feel the situation is insurmountable or, alternatively, that it will get better with a “business as usual” approach. Managers may be so involved with “fighting the fire” that they are unable to get to the source of the problem. Stockholder and management investment in the company justify a third party, pragmatic perspective. New, objective approaches by Whitehall Group management can energize the company.
- Companies in trouble can be saved, but not without change. Making the necessary changes requires courage and commitment. Sources of weaknesses need to be spotlighted and changes need to be made to maximize the company’s strengths. Whitehall Group will identify required changes and cause those changes to be made.
- If no viable options for business continuity exist, Whitehall Group staff are skilled at optimizing the liquidation value of a client company’s asset base by following an orderly liquidation process, either on behalf of the secured creditor(s) or for the client company directly.
