Our Services | Overview

No matter how often a company plans for the future, it is usually impossible to predict when industry or market conditions will shift. Even a successful company can succumb to these changes. In these situations, it is important to carefully determine the root causes of the current difficulties, to act quickly and decisively to address these causes, and to move the company towards long-term profitability and success.

This process is not a simple one. Numerous constituencies with divergent interests often create tension and dissent during negotiations. We have the ability to help our clients take control of this process. Seneca provides Chapter 11 planning, out-of-court exchange offers, pre-packaged bankruptcies, asset divestitures, debt and equity financings, litigation support and expert witness testimony. Seneca's professionals are able to draw upon a long history of experience in troubled and turnaround situations. Our proprietary bankruptcy database allows us to compare a current client's situation to similar situations in the past.

In addition to working with financially troubled companies, we have worked with secured and unsecured creditors and committees involved in bankruptcy proceedings. Companies which feel they may not be receiving fair value for their claims can utilize the expertise of our professionals in Chapter 11 and out-of-court restructurings. We understand the tactics often used in these situations, and will work to maximize the value our client receives for their claims.

We undertake an intensive study of a company's historical financial performance and projected operating results and cash flows. This analysis will frequently extend over one or two business cycles. In conjunction with quantitative analysis, we look at the more qualitative aspects of a company: industry overview, market share analysis and business unit viability. This allows us to develop a viable strategy to confront the current situation and maximize the value of a client's business.