Insolvency Workout

Informal Turnaround and Workout Engagements

Jason Bresnehan undertakes informal corporate restructure, turnaround and workout engagements or wind-downs for companies in financial distress or undertaking major asset divestments.

Structured Approach to Corporate Restrucutre

Our strucutred approach is to:

• develop and cost all strategic options to save the businesses through operational change and streamlining

• investigate all options for the sale of non-core assets

• formulate a re-structure plan

• developing and negotiating the preparation of deeds of agreement that restructure debt and equity positions between debt holders, trade creditors and the various classes of shareholders.

• identification of potential partners, for example they may be a key customers, a supplier or a distributor to the business.

Appointments Prior to Formal Insolvency Appointments

Jason Bresnehan provides its services prior to formal insolvency appointments of Voluntary Administrations, Receiverships and Liquidations. A formal insolvency appointment, with a registered insovency practicitioner may be a recomended outcome of the consultancy, but generally the objective is to avoid this.

Working with Formal Insolvency Practicioners

If a formal insovency is an outcome, Jason Bresnehan, works with company directors and the executive management team to assist them in managing the Administration, Receivership, or Liquidation process with the insolvency practicioner.

This includes assiting Directors meeting their Report as to Affairs (RATA)obligations and working with stakeholders to develop Deeds of Company Arrangements (DOCA) - Creditor apporved commercial proposals to operate the business in some restrcutured way to increase the return for creditors.

Jason will also undertake in-company roles for the insolvency practicioner.

Experience

Over the last two years Jason has undertaken insolvency workout mandates for Motorway Tyres, Rrecycle Australia and Environinvest Ltd.