Metrics has experience in working with companies undergoing reorganization
under the provisions of Chapter 11 of the Bankruptcy Code. Working
with company management and counsel, we develop financial plans
to illustrate Plans of Reorganization (PoR). These plans show
how the company proposes to compensate each class of creditor
for debts owed prior to the filing.
PoR is approved by company stakeholders, creditors, and the Bankruptcy
Court, the associated financial plan serves as the basis of the
ongoing business plan. It illustrates the anticipated viability
of planned operations when the company emerges from Chapter 11
as a reorganized company.
The PoR financial
plan serves as a planning tool, communication device, and progress
reporting tool as the company designs and implements various initiatives
such as reducing fixed and variable costs, rationalizing SG&A
expenses, increasing oversight and monitoring of finance functions,
renegotiating contracts, and divesting non-core assets.
such financial plans may be developed prior to filing, to facilitate
negotiations with Debtor-In-Possession ("DIP") financing