CBIZ Corporate reCovery servICes

Corporate reCovery servICes

When companies are in financial difficulty, thorough investigative analysis by experienced and knowledgeable financial specialists is essential for the evaluation of how best to optimize the situation.
these experts assess: the viability of the company, its operations, its management, its projections; the adequacy of collateral protection; the companys ability to ser vice debt; its liquidation value; the existence of hidden under valued assets; whether to reorganize or liquidate; and alternative strategies to maximize value and limit risk. CBIZ Corporate recovery services comprises a team of professionals with specific expertise in the bankruptcy and creditors rights arena. our professionals are experts in assisting creditors, debtors and other parties-in-interest in bankrupt or troubled companies, ranging from small, family-owned businesses to large international corporations. CBIZ understands that each party-ininterest requires special handling of its particular needs and issues. Most of our professionals have over ten years of experience in their respective areas of expertise with competencies tailormade to the challenges our clients face. they have represented debtors, equity holders and creditors of all classes in both in-court and out-ofcourt workouts and restructurings.

The CBIZ Difference

n our clients business is our business, and we take a proactive approach to client service. n We have a dedicated group of experienced professionals devoted strictly to bankruptcy, insolvency and restructuring situations. n CBIZ combines the resources and expertise of a national firm with the personal, responsive service that clients deserve. n engagements are staffed with senior-level professionals who are available to service clients at a moments notice both domestically and internationally.

Our Experienced Professionals in Action

the following describes our Corporate recovery services clients and the challenges they face and explains how our knowledgeable professionals can help them determine the best course of action. Debtor-in-Possession We provide troubled companies and debtors-in-possession with bankruptcy consulting and assist them through most of the complex issues surrounding bankruptcy compliance activities. our experienced professionals assist in prioritizing key areas requiring immediate action. Many times this includes facilitating communications with creditors to ensure an uninterrupted flow of operations, identifying areas of compliance and developing workout plans. We will also assist in preparing financial statements, tax returns, projections, liquidation analyses, operating reports and other bankruptcy-related materials. Creditors Committees our services assist both the experienced and novice members of Creditors Committees, including monitoring debtors activities, assisting in the fulfillment of the Creditors Committees fiduciary responsibilities and identifying ways to maximize returns to creditors. We identify the committees rights and assist in protecting them.

our team will meet with the debtor and provide an initial, detailed analysis for the Creditors Committee regarding the history and ultimate cause of the financial collapse of the debtor-in-possession. this exhaustive investigation uncovers all potentially sensitive transactions, including those which may ultimately be litigated. Secured/Institutional/ Subordinated Creditors our professionals evaluate the assumptions of management forecasts with the goal of protecting creditors interests within their entitlement. We develop strategies to help our clients minimize the risk of further collateral erosion, thereby diminishing any unnecessary exposure. Trustees (Chapter 7, Chapter 11 & Liquidating) We assist trustees in the administration of estates, providing investigative services and financial and reporting compliance, including operating reports, tax filings and claim reconciliation expertise. We have extensive experience with Chapter 7 situations in which liquidated companies may have

records that are difficult to locate or where there has been a history of dishonesty or impropriety. In these situations, we locate and secure existing records, provide detailed monitoring of all transactions and, where necessary, prepare for and attend depositions of parties to potential frauds. We assist trustees in the asset recovery process, including locating undisclosed bank accounts; liquidating outdated or disregarded inventory; and sale of properties, jewelry or other valuables. once assets are available for distribution, our database professionals provide distribution services to ensure efficient, accurate and cost-effective payments to creditors. Other Parties-in-Interest We help all parties-in-interest identify their rights and prepare claims.

Corporate reCovery servICes Comprehensive Range of Services

Bankruptcy Services CBIZ provides advisory services to official and unofficial creditor committees, equity holders, debtors, shareholders, secured lenders and other parties of interest. our experienced professionals work in small teams to assist clients through the complexities of bankruptcy. Financial Advisory Services our experienced professionals understand the troubled business environment and know how to make things happen from reorganizing a business to better service its clients growing needs to assisting companies on the brink of bankruptcy with complex financial and tax issues. planning and strategizing with our focused professionals allows our clients to fully review their position and identify solutions that make sense for everyone involved. Performance Improvement Services our performance improvement services provide opportunities for company management and shareholders to improve many aspects of their business in order to align company performance with strategic and financial goals. We can work with management in providing solutions to a vast array of issues from recapitalizing the company to improving margins by concentrating on work flow process, distribution and corporate overhead. We can tailor a specific approach to enhance the value of the company and work toward implementing a plan to enhance the future value of the company.

Turnaround & Restructuring Advisory Services CBIZ can provide immediate assistance to companies in distress. our services include an array of strategic alternatives to help right-size infrastructure, improve working capital management, sell non-core assets or business units and recapitalize the company. We also assist companies with performance improvement, due diligence and merger integration. our extensive experience representing secured and unsecured creditors, companies and debtors-in-possession, equity holders and third-party purchasers enables us to arrive at mutually agreeable solutions in an expeditious manner.

Valuation Services CBIZ provides financial analyses and valuations of business interests for a wide variety of planning and transactional applications. our mission is to provide the highest quality valuation studies that can withstand the scrutiny of tax authorities, potential adversaries, lenders and investors. Forensic Accounting & Litigation Support our highly-trained professionals are specialists in forensic accounting and litigation support. they have the investigative expertise and analytical skills needed to decipher complicated financial data and provide an objective assessment of both the clients and

the opponents positions. What results are fresh insights that reinforce the case and translation of sophisticated issues and principles into clear concepts. Trustee Services Many of our professionals either are or have been court trustees, receivers or administrators, so they understand the responsibilities that need to be fulfilled from marshalling assets and developing business plans to preparing court required filings and tax returns. our teams advise and assist clients from start to finish, ensuring that the maximum recovery of assets has been corralled and ultimately distributed to claimants.

Corporate reCovery servICes Industry Credentials & Expertise

CBIZ Corporate recovery professionals have extensive expertise in the following industries: n apparel & textile n Manufacturing n Distribution n Import/export n transportation n retail n service & Hospitality n printing & publishing n advertising

Summary of Our Services

Bankruptcy Services n schedule preparation n analyze both pre- and post-petition operations n Liquidation analysis, preparation and review n Crisis management n preference searches and investigations n Development/review of organizational plans n Development of reorganization alternatives n assessment of management and company personnel n Negotiations Financial Advisory Services n Financial statement preparation and/or reconstruction n Develop/review projections and forecasts n Develop/review operating reports n Due diligence services n Consult on potential mergers and acquisitions n assist in capital restructuring n provide counseling on debt restructuring n Investigative reporting

Performance Improvement Services n Working capital management n Cost structure/overhead analysis n Industry and competitor opportunity analysis n Gross margin/profitability analysis n Financial modeling/cash flow projections n strategic plan development n Interim management and execution n plan implementation and monitoring Turnaround & Restructuring Advisory Services n address liquidity concerns n stabilize core operations n Implement cash conservation guidelines and controls n Financial projections review n Business plan development n Develop employee incentive plans n Identify and dispose of non-core assets n assist in implementation of an operational restructuring n Manage creditor communication and negotiation processes n pre-bankruptcy planning

Forensic Accounting n Conduct fraud investigations n review fraudulent transfers and conveyances n address insider and employee activities n Financial statement reconstruction Litigation Support Services n Insolvency analysis n expert testimony n acquisition reviews n Forensic determination of economic damages Valuation Services n Business valuations n review of valuations pertaining to reorganization plans n Intangible assets and intellectual property appraisal n Industry analysis including current market trends, industry weaknesses and strengths as well as opportunities n enterprise valuation Trustee Services n Marshal and secure assets n Manage the asset recovery process n all aspects of claim managementreconciliation, negotiation and distribution n prepare all necessary financial reporting

M U LT I P L E S E R V I C E S W I T H A S I N G L E F O C U S :

YOUR SUCCESS

Growth and Success. Efficiency and Profitability. Its likely these goals are top priorities for your business. Its also likely that the daily distractions of financial and employee issues diminish your ability to focus on those goals. CBIZ enables you to dedicate your time to critical business matters by providing custom solutions that help you manage your finances and employees. We offer clients exceptional quality and diverse capabilities with the personal attention your business needs and deserves, all with a single focus: your success. For more information, contact your local CBIZ advisor or call our toll-free help line, 1-800-ASK-CBIZ (1-800-275-2249).

Employee Services
EMPLOYEE BENEFITS RETIREMENT SERVICES PAYROLL / FLEX / COBRA PROPERTY & CASUALTY INSURANCE RISK MANAGEMENT WEALTH MANAGEMENT LIFE INSURANCE EXECUTIVE RECRUITING COMPENSATION CONSULTING
Copyright 2010. CBIZ, Inc. NYSE Listed: CBZ. All rights reserved. CBIZ-168, Rev. 1

O PL

YEE S ERV IC
ES

Financial Services
ACCOUNTING & TAX LITIGATION SUPPORT VALUATION

CLIENT

INTERNAL AUDIT MERGERS & ACQUISITIONS FINANCIAL ADVISORY CORPORATE RECOVERY

IN

AN

HUMAN CAPITAL ADVISORY

CIAL SERV

IC

FAMILY OFFICE SERVICES

our
www.cbiz.com

business is growing yours

CBIZ also provides specialized services, including Real Estate Services and Healthcare Services