Thoughts on FTI, A&M, Alix from an Restructuring perspective? Both company and creditor side work?

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Additional Posts in Restructuring

Is it true that restructuring/turnaround engagements can get very hostile given the type of work this industry is in (distressed)? Management not being cooperative, overall environment very depressing, internal politics, fraud, management not being cooperative, pressure to deliver quickly, debtor/creditors screaming at each other, etc. Understand this may vary project to project, but is this common?

Am currently not in restructuring but am looking to enter in the future.

I have a modeling test interview for A&M securities coming up. It is for the RX analyst role within their corp fin practice. I know I will have 12 hours to complete the case and it will likely be a 3 statement model. Anyone know of any specific resources I could use to prep? How tough are A&M in their modeling tests?

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Why does DIP (debtor-in-possession) loan has such high interest rate + facility/admin fees when it is basically guaranteed by bankruptcy laws? (Postbk priority and/or priming lien)?

A couple questions for the turnaround consulting fishes:
1. Is FP&A experience valuable for restructuring/turnaround consulting? I’m a CPA with experience in Big 4 FDD and a short stint in IB. Total work experience is a little over 2 years. I recently joined a RE company as a Sr FA in FP&A where I expect that I’ll be mostly doing budgeting & forecasting work.
2. If my goal is turnaround consulting, what should I focus on right now to best position myself?

I appreciate any insights/guidance.

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