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Creditor Workouts

We help financially distressed entities create strategies to equitably resolve creditor liabilities. After working with hundreds of companies. Kenneth J. Dalto and Associates  have developed methodologies, which enable us to negotiate with secured, unsecured, super priority, and contingent creditor groups both in formal and informal settings. Our firm establishes a communication program, which utilizes both written updates and ongoing telephone discussions to provide reliable information to all creditors.

A creditor management program begins with a thorough review of all creditors, legal priority, importance ranking, COD status, terms, and relationship history. Key vendors require particular attention to ensure the company receives incoming materials and supplies with which to continue operations. Some suppliers are prone to initiate legal actions, which must be addressed promptly. Our process has as its objectives the continuation of business, an uninterrupted flow of incoming required materials and supplies, and a cooperative environment with creditors to create maximum value for all stakeholders.

 

Deliverables:

  • Out-of-court creditor plans
  • Bank workouts
  • Negotiations with taxing authorities
  • Negotiations with unsecured creditors
  • Creditor review
  • Priority analysis
  • Written communication program
  • Diversion of all incoming creditor calls to our specialists
  • Outstanding check analysis
  • Phased cash disbursement program
  • Long-term settlements and monitoring
  • Group meetings with Creditors’ Committees
  • Union negotiations and presentations
  • Analysis of vendor special assets / tooling
  • Segregation of assets
  • Resolution of ownership / lien conflicts
  • Financial proposal program
  • Monthly status update report to creditors

 

   
©2003-2008 Kenneth J. Dalto & Associates.  All Rights Reserved.