Chief Restructuring Officer

Providing critical expertise in distressed situations.

Ankura provides necessary assistance to existing management teams when a company is struggling with the additional demands of a restructuring, including bringing experienced and additional resources to an otherwise frenetic and difficult reorganization process. A chief restructuring officer (CRO) can insulate the company’s officers from the reorganization process and leave the management team free to focus on the day-to-day operations of the company while restoring key financial stakeholders’ confidence that all major strategic and operational challenges have been addressed.

Our CRO services provide executive-level, seasoned consultants who have the required skillset and hands-on experience to assume executive roles for distressed companies and companies in transition. By assuming roles within the organization, our experts aim to stabilize, rehabilitate, and restructure the business during a time of uncertainty, and create a sustainable path forward.

Whether an operational turnaround, sale of the company, or balance sheet reorganization, Ankura provides the best solutions to maximize value for all constituents:

  • Management of communications with lenders, board, employees, investors, and creditor constituencies
  • Cash management and liquidity enhancement
  • Financial modeling and forecasting
  • Operational improvement
  • Strategic business plan development
  • Customer and vendor management
  • Negotiation and dispute resolution
  • Debt and capital restructuring
  • Non-core asset disposition
  • Contingency planning
  • Bankruptcy planning and administration
  • Post-transaction business stabilization

Our Solutions Leverage the Expertise of:

Bankruptcy Services

Our team of experienced bankruptcy professionals can assist in the full life cycle of the Chapter 11 process, starting from preparing a company for a potential filing to a successful exit.

Company Restructuring Advisory

With a consistent process-driven approach aimed to stabilize, rehabilitate, and restructure the situation, our experts bring a level of stability to unstable situations, allowing for successful resolutions focused on creating value and maximizing recoveries among stakeholders.

Crisis Preparedness & Operational Resilience

Good crisis response planning is a hallmark of well-prepared organizations. Ankura helps companies develop crisis management frameworks, governance models, and internal response capacity using a secure mobile incident management platform.

Cybersecurity

Information and technology-related assets can be among the most valuable assets in a business. Organizations in transformation and restructuring can be impacted by inadequate protections to data occurring during technology and operations consolidation. Our interim cybersecurity executives can provide leadership and assurances around these most critical assets during transformation.

eDiscovery

Our experts provide the technology and workflow solutions to assist our chief restructuring officer experts identify fact patterns within email, chat, and business documents and produce large document populations to opposing parties to support multi-party litigation.

Foreign Investments & Transactional Advisory

Restructuring matters often cross borders and implicate sensitive public issues. Our team provides deep insight and hands-on experience helping our clients succeed with their most complex international risks and opportunities.

Forensic Accounting & Financial Investigations

We perform investigative and forensic work on financial transactions and disputes, asset recoveries, and regulatory accounting inquiries.

Investigations

We provide assistance in restructuring matters by performing investigative and forensic work on financial transactions and disputes, asset recoveries, and regulatory accounting inquiries.

Labor Strategy

Labor may be your most controllable cost. We can help you drive performance, remove cost, and stabilize.

Litigation & Disputes

Impartial oversight and administration of a bankruptcy case by an appointed trustee involves the examination of events and transactions that transpired prior to the filing of a petition. We offer significant experience providing solvency evaluations and examining specific transactions that might give rise to fraudulent conveyance or preference actions.

Monitoring & Independent Oversight

Our professionals have been engaged as trustees in Chapter 7 and Chapter 11 cases, including administering the liquidating trust for the benefit of creditors, and providing administrative services relating to the implementation of the plan of reorganization or liquidation.

Forensic Accounting & Financial Investigations

We can assist in restructuring matters by performing investigative and forensic work on financial transactions and disputes, asset recoveries, and regulatory accounting inquiries.

Strategy & Operations

Ours professionals use the CPO Framework to bridge the gap between financial metrics and the people, operating, and investment decisions that drive them, enabling owners and managers to align resources to strategy, calculate project paybacks, and drive long-term ROI.

Visual Communications

Our seasoned professionals understand how critical communication is to our clients in resolving significant business issues. We develop solutions for all presentation challenges and make complicated information easy to understand. We work with our team of professionals to develop the most effective presentations that best communicate and clarify all complex issues.