Consulting
Whether it's initiated by a secured creditor or by a debtor directly, a consulting engagement is beneficial to both you and your creditor(s). If your business is showing signs of slowing down, bring in a BDO professional. We can diagnose organizational problems early and increase your opportunity for a viable solution in turnaround situations. In cases of urgency, count on BDO to perform investigations without delay and produce initial reports within days.
In a consulting engagement, we:
- Assist secured creditors in assessing the value of their security and the debtor's viability
- Review the business from both a financial and practical perspective
- Assess the operation's potential for profitability
- Form an opinion as to the competency of management and staff
- Review the debtor's financial problems
- Make suggestions for improvement
- Work with management to prepare a comprehensive action plan
- Assist the debtor in formulating refinancing proposals involving new debt or equity
