Business Restructuring & Workouts
The best restructuring is often the one no one hears about. We negotiate private workouts, refinancings, and balance-sheet solutions that resolve distress before it becomes public.
Out-of-court solutions that never reach a public docket.
A covenant breach, a maturing loan, or a liquidity gap can trigger creditor pressure long before any court is involved. Owners need a path that preserves relationships and avoids a public filing — one that treats lenders as counterparties to be persuaded, not adversaries to be fought.
- Closely held and family enterprises under lender pressure
- Companies approaching a maturity, refinancing, or covenant test
- Sponsors and owners seeking to avoid a formal proceeding
- Businesses with sound operations and a strained balance sheet
- A covenant is breached or a waiver is running out
- A loan is maturing without a clear refinancing in place
- Cash flow no longer comfortably covers debt service
- Your lender has referred the relationship to a workout group
- 01
Diagnose
We analyze the balance sheet, capital structure, and cash flow to identify the real constraints and the room to maneuver.
- 02
Negotiate
We engage lenders and key creditors directly, structuring forbearance, amendments, and refinancings on favorable terms.
- 03
Implement
We document and execute the workout quietly, leaving the enterprise and its relationships intact.
The work, from first day to final order.
Forbearance & waivers
Negotiated standstills that create the room and time to engineer a durable solution.
Amendments & refinancing
Restructured terms, extended maturities, and new facilities that restore runway.
Balance-sheet strategy
Recapitalization, deleveraging, and distressed-asset plans tailored to your capital structure.
Standstill governance
Guidance for boards and owners on fiduciary duties while distress is resolved.
The most successful restructurings are the ones no one ever hears about.
Julian M. Vane
Senior Partner
What resolution looks like.
- Distress resolved without a public filing
- Lender relationships preserved and terms improved
- Runway and liquidity restored
Common questions.
- Can we avoid bankruptcy entirely?
- Often, yes. A well-structured out-of-court workout can resolve the matter without any filing. We pursue that path first whenever it is viable.
- Will our lenders even come to the table?
- Lenders generally prefer a negotiated outcome to a contested one. Our senior counsel are known and credible across the creditor community.
- How quickly should we act?
- Early. Leverage and options are widest before a default; they narrow quickly once one occurs. The best time to call is before the crisis is obvious.
Discuss your matter in confidence.
Every inquiry is reviewed by a senior partner and protected by attorney–client privilege from the first word.