Financial Restructurings & Chapter 11 Cases
Financial restructurings are transactions (and sometimes litigations) within a crisis scenario, and August believes they require highly specialized understanding of the legal and transactional nature of the Chapter 11 restructuring process, along with comprehensive and empathetic crisis communications strategies that speak to all constituents. One without the other is not enough.
The August team recognizes that one of the most challenging aspects of communicating effectively during a financial restructuring is managing uncertainty and concerns during the lead-up to a Chapter 11 filing. We have extensive expertise in finding the right balance between providing assurance and maintaining credibility during this dynamic pre-filing period when the path forward is unclear.
We also appreciate the importance of ensuring that there is a precise and comprehensive logistical plan for communicating with all stakeholders on the day of the announcement so that the narrative is controlled as much as possible. At the same time, we are very mindful that although the restructuring or filing announcement is a significant milestone, it is not the finish line. The best restructuring communications strategies leave flexibility for unexpected turns of events and require experts with an appreciation for obstacles and events that could come up on the path toward a Chapter 11 restructuring.
The August team has worked on dozens of in-court and out-of-court restructurings, including many of the largest, most complex, and highest profile Chapter 11 cases in history. We combine this depth of expertise with a thorough approach to ensure we are asking the right questions and gathering all relevant information to develop and implement a comprehensive and precise communications plan.
For more information, please contact Steven Goldberg at 323.892.5562 / Steven.Goldberg@AugustCo.com.