Bankruptcy Advisory and Litigation Services

Knowledge, experience, and insight

Strategic and Advisory Support Across the Bankruptcy Lifecycle

BDO’s professionals support businesses and their legal counsel through every phase of a bankruptcy process. For a debtor, we assist with the preparation for the bankruptcy filing, the preparation of court-required financial documentation and reporting, and support you through all financial aspects of the bankruptcy process.  For a creditors committee, we assist in determining the best alternatives and strategies available to creditors and in helping to maximize value for creditors.

As a bankruptcy services company, we offer advisory services to help clients navigate complex bankruptcy situations. BDO provides forensic and litigation services through all phases of bankruptcy-related litigation matters, from discovery to expert reports and trial.  We work with you and your legal team in bankruptcy litigation matters to help define the best path forward, with an eye to cost-effective, efficient resolution. Our professionals can help determine if positions are defensible, test theories, evaluate strategies, quantify damages — and we can anticipate and critique opposing arguments.

What Bankruptcy Advisory Services Does BDO Provide?

BDO provides a full range of financial advisory services for debtors, including:
  • Pre-bankruptcy planning, including first-day motion support; creditor identification and development of creditor matrices; identification of immediate financial needs to be part of the first day motions, and more.
  • Assistance with the preparation of 13-week or longer cash flow forecasts, Statements of Financial Affairs (SOFA), Schedules of Assets and Liabilities (SOAL), Monthly Operating Reports, Liquidation Analysis supporting the Plan, financial projections supporting business plans and any other required financial analysis.
  • Review of insider and intercompany transactions, debt restructuring or exit financing options; advice on exit strategies; assistance with disclosure statement preparation and turnaround plan development; assessment of business plan feasibility; viability of ongoing operations evaluation; and assistance with negotiations between the debtor, lenders and creditors.
  • Claims reconciliation, including matching proofs of claim to scheduled liabilities, reviewing and reconciling Proof of Claims to determine claims to be objected to, and analysis and preparation of support for claim objections. 
  • Distribution and creditor recovery services, calculation of distributions to creditors, and related creditor communications.
  • Bankruptcy accounting and reporting, including reorganization and fresh-start accounting analysis, and more.

BDO'S Preference Model

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Highly advanced analytics 
and outputs

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Quickly run 
multiple scenarios

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Efficient
and cost-effective 

Turnaround and Restructuring Insights

Explore our most recent resources and thought leadership.

  • Industry
  • Asset Management
  • Auto Dealerships
  • Financial Institutions & Specialty Finance
  • Gaming & Leisure
  • Government & Public Sector
  • Healthcare
  • Insurance
  • Life Sciences
  • Natural Resources
  • Nonprofit & Education
  • Private Equity
  • Real Estate & Construction
  • Restaurants
  • Retail & Consumer Products
  • Technology

Stay current with our latest turnaround and restructuring insights.

Turnaround and restructuring services as well as operational value creation services within the United States are offered through BDO Consulting Group, LLC, a separate legal entity and affiliated company of BDO USA, PA, a Virginia professional service corporation. Certain turnaround and restructuring services may not be available to attest clients of BDO USA under the rules and regulations of public accounting. 

Do work that matters, where you matter.

At BDO, you can do much more than fulfill your career ambitions — here, you can explore your full potential. That’s because we’re committed to helping our employees achieve on both personal and professional levels.