Bankruptcy Services

Providing financial, accounting and claim related assistance throughout all phases of the bankruptcy process—from actual filing through forensic accounting investigation of claims through claims resolution.

Our Services Include:

Development of Claims

Quantification of unsecured and secured claims to be filed in court.

Critique of Claims

Investigate claims filed by unsecured and secured creditors.

Data Analytics

Utilization of machine learning and AI to facilitate the compilation and review of vast amounts of data.

Proofs of Claim

Assisting legal counsel in all aspects of filings a reasoned proof of claim.

Causation

Reviewing all aspects of operations including involvement of third parties such as external accountants, brokers, lenders and other third parties.

Solvency Analysis

With guidance from applicable case law, ascertain the technical point of bankruptcy from a balance sheet, cash flow and capital adequacy perspective.

Expert Testimony

Where relevant, providing expert testimony in bankruptcy court regarding our findings.

Typically, bankruptcies are inherently turbulent times involving a significant lack of clarity regarding what precipitated the bankruptcy filing as well as the future status of the involved organization. Our clients need to quickly analyze large volumes of data and put together the puzzle of what actually transpired over time.

VERTEX draws upon its vast experience to make sense of all source documentation and to develop a coherent statement of position regardless of stakeholders involved be it unsecured creditors, secured credits, debts or third parties.

Our Capabilities Include:

Data Triage

Classify and prioritize data, including financial data, email, foreign language, images, and audio, to focus review on what matters most.

Key Fact Finding

Use advanced forensic accounting techniques to establish fact patterns.

Forensic Review/Causation

Utilizing the understanding gained from all source documentation, further refine the specific factors causing the financial difficulties resulting in bankruptcy and uncover possible explanation for financial difficulties.

Claim Assessment

Develop or critique claims to be filed in bankruptcy court.

Plans of Reorganization

Assist in the development of a rational plan of reorganization to facilitate the future operations of the business post-bankruptcy.

Financing

Evaluate debtor-in-possession (DIP) financing alternatives and assist in the negotiation of post-bankruptcy financing.