what is restructuring like? i’m an idiot and don’t know anything so i’m sorry if this is a vague question. any ideas of their engagements, or type of work would be good to hear.

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A business is basically failing and you need to redirect their cash flows to keep them swimming until they turn it around. Every engagement should be similar, business is losing money and could go into bankruptcy and you help them through the process debtor/creditor side is different tho

thanks!

13-week cash flows, and in some instances you have PPMD types who get instilled has a CRO or similar officer position for a period of time at the failing company to help turn it around.

So I’m not a Rx consultant so definitely don’t hold me too much to it. But it’s generally an inflow/outflow exercise, sniffing out discretionary vs critical business expenditures, AR/AP, evaluating process/governance, etc. and yes used as a base for debt restructuring convos.

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