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ARTICLE · 08 OCTOBER 2021

Seven Commandments For The Financially Distressed Company

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Most restructuring professionals will tell you that there is no "typical" restructuring. That is absolutely true.

United StatesInsolvency/Bankruptcy/Re-Structuring
Bryan V. Uelk
Bryan V. Uelk
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Most restructuring professionals will tell you that there is no "typical" restructuring. That is absolutely true. Every financially distressed business is different and the character and direction of its restructuring will be highly dependent upon, among others, its capital structure, its liquidity profile, and the level of support it can build for its reorganization among key stakeholder bodies. Nevertheless, there are some important similarities in the way that any company should initially address a distressed situation. We discuss below a variety of key tasks, or "commandments," that we recommend any company should undertake as soon as it anticipates possible financial distress.

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