TGP is highly regarded as restructuring specialists serving the needs of the many constituents of insolvent companies that may be confronting and contemplating formal bankruptcy. These constituents include creditors, boards, investors, and executive management.

 

Our role within a company pointing toward bankruptcy is to ensure the company understands the implications and steps of bankruptcy and has taken appropriate action to prepare for whichever bankruptcy path, Chapter 11 or Chapter 7, has been chosen. We will work closely with insolvency and/or corporate counsel to finalize a bankruptcy plan, complete the necessary filings, and ensure the company is properly managed through the actual filing. In a Chapter 11 proceeding TGP  can be the Responsible Party in the filing and manage the process through to a court-approved exit from bankruptcy. 

 

TGP provides the operating manpower to ensure the client is properly managed through the entire process. We will champion the wind down process including facilities shutdown; employee terminations; necessary state, local, and federal filings; vendor notifications; records retention; managing a potential asset sale; and making distributions, if any, to the creditors and shareholders. We work side-by-side with and complement company and/or insolvency counsel.
 

Operational turnarounds and crisis management

• Ensure integrity of accounting and financial information

• Financial analysis

• Forecasts and projections

• Outsourced or interim accounting and finance resources

 

Balance sheet restructuring

• Financial modeling to evaluate recapitalization scenarios

• Tax strategies to preserve NOLs

• Facilitate introductions to funding sources

• Assist with presentations, projections and recovery/reorganization plans

• Facilitate or assist in negotiations

• Quality of earnings analysis

 

Sales or transfers of businesses and assets

• Valuation of businesses and assets for sale

• Valuation services for reorganizations

• Sell-side transaction advisory services

• Tax planning

Accounting and administration

• Outsourced accounting services for debtor-in-possession reporting to the U.S. Trustee, Trustee of bankruptcy estate, or Trustee of creditor committees

• Outsourced accounting and finance resources

• Technical accounting and reporting advisory services

Litigation

• Forensic accounting

• Fraud investigation

• Financial analysis

• Valuations