Providing clarity and transparency
We conduct insolvency investigations on behalf of the bankruptcy trustee, which often entails a thorough investigation of legal aspects, including follow-ups on initial findings or suspicions raised by the trustee. Through a comprehensive financial analysis, we swiftly provide the trustee with insights into potential factors contributing to the insolvency.
Irrespective of the trustee’s specific questions. our report presents the results of our research in a pragmatic manner, offering interpretations where applicable. Before finalizing this report, we engage in discussions with the board of the bankrupt company to ensure a balanced perspective is achieved through a fair hearing of both sides. This approach guarantees a transparent process and impartial reporting, facilitating our client’s path forward.
Quick scan
Through a quick scan, we conduct a quick review of the company’s financial records. Supported by our initial findings, we offer an overview of the estate’s asset status and identify areas warranting more in-depth investigation. It is important to note that this report draws no definitive conclusions and cannot be utilized in legal proceedings. Consequently, the quick scan serves as an informative report specifically intended for the trustee and supervisory judge.
Pragmatic insolvency examinations with a keen interest in a successful future.
We thrive on streamlined communication and a personalized touch. That’s why we encourage you to reach out directly to our team of dedicated specialists.
Securing computerised financial records
Certainly, securing computerised records is paramount. This includes the general ledgers, sub-administrations, and balance sheets for the last two years prior to insolvency, covering email servers, as well as data stored on mobile phones and within cloud-based company resources.
By creating a forensic image of the servers, we can investigate (financial) log files and mail archives based on, for instance, key search terms. Sometimes it is possible to recover deleted files. Our investigation protocols are of course fully GDPR-proof.
Financial and recovery restructuring
Sometimes debts run so high that a business can no longer meet its financial obligations. Our recovery advisers assist in preventing imminent insolvency or restarting a company after insolvency.
Our approach begins with a comprehensive analysis of the company’s health. Utilizing this assessment as a basis, we can formulate a strategic plan and implement measures to secure the ongoing viability of the business, particularly its profitable segments. The subsequent steps are determined in close collaboration with the company and the legal advisor, and it may involve debt restructuring and extrajudicial creditor agreements, the pursuit of private agreement enforcement through judicial means, or a structured bankruptcy with the possibility of a fresh start.
Which form is most appropriate depends on the specific situation of the business. By talking to all stakeholders, we create time and space for a successful restructuring. Using state-of-the-art data analysis, we quickly get to the heart of the problem, and thus the start of a solution.
WHOA
WHOA stands for the Dutch “Private Arrangement Homologation Act” (Wet homologatie onderhands akkoord), designed to aid financially sound companies that find themselves burdened with excessive debt due to unforeseen circumstances. By concluding a private agreement with creditors, a business can continue to exist, employees can remain employed, and reduce disruption. This approach aims to preserve the company’s value to the greatest extent possible.
Moreover, WHOA empowers entrepreneurs to compel non-cooperative creditors into participating in a private agreement, emphasizing the importance of collaborative efforts. We play a pivotal role as independent financial and valuation experts, collaborating closely with insolvency lawyers to facilitate robust and forward-looking legal restructurings.