Finance and restructuring partner Kayla Britton authored an article for the Indianapolis Business Journal, titled “Restructuring Considerations for the Distressed Company,” that outlines steps for businesses to consider as they navigate the economic impacts of the COVID-19 pandemic.
In the article, Britton details for businesses the importance of engaging outside restructuring or financial advisors, managing liquidity and financial forecasts of the company, managing communication with creditors, and developing a contingency plan.
Britton emphasizes that “businesses that have remained proactive and nimble in their response strategies will be well-positioned to thrive. Implementing swift short-term measures to reduce costs and manage liquidity is important, but equally important are long-term strategies and contingency planning.”
The full article is available for Indianapolis Business Journal subscribers.