V-Rooms™ is your Corporate Bankruptcy – Restructuring Solution

Our Corporate Turnaround and Chapter 11 services help a company attain its reorganization goals. We apply collaborative, web-based managed data solutions for our clients’ administrative issues that add value beyond the scope of the restructuring process. Our experienced team collaborates with an organization, its legal team and other professionals to reduce the administrative costs associated with a restructuring so the focus can remain on the business solution.

Our V-Rooms™ data hosting solution prepares an organization to respond to the demands of the corporation’s legal team and its restructuring advisors, banks, law firms, creditors and the courts to meet project milestones and prepare key deliverables for any number of constituencies and their groups including the following:.

• Preparation of statements and schedules
• Management of noticing
• Processing of claims
• Reconciliation of claims
• Solicitation and plan services

The solution enables functional teams to have instant access to the most accurate and timely information, which decreases review and negotiation cycles allowing management to focus on corporate operations and execute new processes or exit operating under a Chapter 11 status.

Additionally with the adoption of commercial banks and finance companies utilizing the V-Rooms™ virtual data room solution, they are not only offered an effective solution in representing and disposing of problem commercial loans and the underlying collateral but will find significant value in utilizing the platform as a reporting and management tool relative to the exit management of their problem loan portfolios.

Time is Money: A privately-held biotechnology company in Pennsylvania, recently filed for Chapter 11 bankruptcy court protection, it had a very short time period in which to sell its assets. Using a virtual data room the company conducted a successful auction of its assets in just less than four weeks with an unexpected outcome. Using audit reports, they were able to track in real time those parties who had been granted access to the Web site, when they logged into the system, and which documents they reviewed. They were able to quickly identify and negotiate terms with interested, qualified parties.

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