Providing Power to Management Teams

Feb 14, 2020 |
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Client

An independent, power-producing enterprise

Heavy debts, weak power prices and high fuel costs put this independent, power-producing enterprise, with facilities across the U.S., in need of an expert to manage the bankruptcy claims administration process.

What We Did

  • Implemented a customized claims tracking model to provide streamlined claims management and reconciliation.
  • Reviewed and evaluated more than 2,000 claims with an aggregate value in excess of $12 billion.
  • Prepared schedules, SoFAs, monthly operating reports and monitored professional fees.
  • Owned the claims objection process, which included preparing the backup for 26 omnibus objections against over 2,000 claims, and negotiating with claimants.

Impact

  • Allowed the debtor and its management team the flexibility to concentrate on turning around existing operations, by taking over the routine bankruptcy functions. This lead to a successful sale.
  • Implemented an infrastructure and provided tools for preparing monthly reporting packages.
  • Managed conversations and negotiations with creditors, creditors’ advisers, and internal team members.
  • Created significant savings in costs due to negotiating directly with claimants without having to dispute in bankruptcy court.
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Client

An independent, power-producing enterprise

Employee Spotlights

Our people make it all happen. Learn more about our collaborative, talented and diverse team.