Case Study:
Consulting Firm
Forensic audit helped secured lender to receive payments that exceeded principal
Retained as financial advisor by the secured lending group of consulting firm to assist in negotiations of an out-of-court restructuring.
The Solution
Performed forensic audit and accounting of cash flows to and from business and personal accounts to better understand historical cash flows and operating performance
Developed 13-week cash forecast and related budgets to capture global cash receipts and disbursements
Continued to monitor cash flows and roll cash budgets
Secured lender consented to an extension of forbearance agreement and loan maturity
The Results
Secured lender received payments in excess of principal
Services & Roles
Forensics and Litigation
Turnaround and Restructuring
Financial Advisor
*Some engagements may have been performed by team prior to joining Harney Partners.
