Marcum BP provides accounting and consulting services for Chinese companies who are involved in the U.S. Chapter 11 or Chapter 7 bankruptcy process, whether as a creditor to a bankrupt U.S. entity, acquirer of distressed assets, or operating a U.S. subsidiary that is undergoing Chapter 11 reorganization.
Bankruptcy is a highly complex and arcane process in which well-informed participants can often capture significant value. Given the interlaced nature of China's and America's economy, Chinese companies increasingly are among some of the largest vendors/creditors in U.S. bankruptcies. Asset sales during a restructuring can often provide astute buyers with an opportunity to acquire valuable technology, brands, or physical assets that will make them more globally competitive.
Marcum BP ha extensive experience with the bankruptcy process and can help guide our Chinese clients to successful outcomes.
Acquiring Assets Out of Bankruptcy
Marcum BP can help Chinese companies who are seeking to purchase distressed assets out of the bankruptcy process. This can include providing reports on the business background and source of funds of the acquirer to the bankruptcy court and creditors committee to performing financial due diligence on the targeted assets. This can include positioning our client as the "stalking horse" in the auction process, which provides advanced access to business information, reimbursement for transaction fees, and a breakup fee if the acquirer is later outbid. By demonstrating the credibility and professionalism of the acquirer, the chances of securing valuable assets on favorable terms greatly increases.
Restructuring of U.S. Operations
In the event that a Chinese company has a U.S. subsidiary that is undergoing restructuring, Marcum BP can provide highly technical accounting services that are required to preserve value and maintain ongoing operations. Dealing with these complex issues is critical to preserving credibility with the bankruptcy court and creditors, while also preserving relationships with other key stakeholders such as employees and customers.
Marcum BP can provide comprehensive support both leading up to and during the process of a Chapter 11 filing, including:
To schedule a free consultation about MarcumBP's bankruptcy and liquidation support services please submit the form below and one of our senior managers will be in contact shortly.
Thank you for contacting Marcum Bernstein & Pinchuk LLP. A Representative will be contacting you shortly.