Bankruptcy Support You Can Trust
Business bankruptcy needs to be addressed early and strategically. The manner of response to such financial distress largely determines the fate of a business. At McEntire Advisory, we provide advisory services and leadership through all stages of business bankruptcy, from stabilization and filings to court reporting and plan confirmation.
As experienced bankruptcy accountants and trusted financial advisors, we serve in both behind-the-scenes and court-appointed roles. In many cases, we act as a chief restructuring officer and/or financial advisor, guiding companies and counsel through every stage of the process with clarity and professionalism.
What is a Bankruptcy Advisor?
Bankruptcy advisory is the strategic financial guidance, crisis‑control, and process‑management that supports companies, counsel, lenders, and other stakeholders through formal insolvency proceedings, especially under Bankruptcy Code Chapter 11, Subchapter V, or other court‑supervised frameworks.
At McEntire Advisory, our bankruptcy advisory services consist of:
- Conducting an upfront assessment of financial viability, cash‑flow trends, and asset exposures.
- Coordinating with legal counsel, lenders, vendors, and stakeholders to define the most viable path forward.
- Preparing the necessary filings — schedules, statements, cash‑flow projections, and first‑day motions — with precision and transparency.
- Managing reporting and operational monitoring through the case lifecycle to keep the business accountable, compliant, and aligned with its restructuring strategy.
- Supporting exit strategies, whether through a plan of reorganization, an asset sale, or a wind‑down, ensuring the business maximizes value and manages risk.
In short, bankruptcy advisory helps stabilize the business, align all parties, reduce uncertainty, and give attorneys, business owners, and creditors confidence that the process is being handled by experts who understand both financial complexity and legal‑procedural demands.
What is a Chief Restructuring Officer?
A chief restructuring officer (CRO) is a senior-level financial advisor appointed to lead a business through reorganization or bankruptcy. Unlike internal executives, a CRO brings objective insight and court credibility to the process. The CRO acts as a central decision-maker and strategist, balancing stakeholder interests, overseeing restructuring plans, and helping distressed businesses navigate a path forward.
At McEntire Advisory, we serve as CROs in Chapter 11 and out-of-court workouts. We help assess viability, implement operational changes, negotiate with creditors, and ensure full financial transparency throughout the proceeding.
The Value of Working with a Bankruptcy Advisor
If you’re facing business bankruptcy, you don’t just need a plan, you need someone who can execute it with clarity, precision, and authority. That’s where McEntire Advisory steps in.
Appointing a qualified bankruptcy advisor early in the process brings order to uncertainty. We help clients:
- Navigate court expectations and compliance requirements confidently
- Build trust with creditors and key stakeholders through transparent financial reporting
- Identify viable restructuring or exit strategies based on real numbers, not wishful thinking
- Preserve asset value and prevent operational or reputational damage
- Reduce the burden on legal counsel by managing the financial side of the process
Whether we’re working alongside your legal team or leading financial strategy day-to-day, our approach is hands-on, responsive, and rooted in decades of specialized experience.
When timelines are tight and the stakes are high, you need more than a generalist. You need a calm, credible advisor who knows how to protect value and build consensus, even in the most complex situations.
Why Appoint a CRO?
Appointing a chief restructuring officer signals to the court, creditors, and stakeholders that the company is serious about regaining control and acting in good faith. A CRO provides structure, discipline, and professional guidance during what is often the most difficult period in a business’s lifecycle.
A strong CRO can also serve as a critical liaison between operational teams and legal counsel, helping translate legal obligations into practical, day-to-day action. Their involvement often reduces communication breakdowns and ensures the reorganization stays on track, financially and procedurally.
Our CRO engagements focus on stabilizing operations and cash flow, developing restructuring or liquidation strategies, and coordinating with attorneys, lenders, and vendors. We also lead court reporting and support businesses through the transition or turnaround phase with professionalism and discipline.
Whether we are serving pre-filing or after a petition has been filed, our focus is on protecting value and improving outcomes.
Who We Serve
Our team supports:
- Companies facing operational distress or liquidity crises
- Attorneys seeking a financial expert to support Chapter 11 filings
- Lenders, creditors, trustees, and receivers requiring oversight and reporting
- Business owners preparing for asset sales or strategic exits
We are often retained as part of a broader legal or advisory team, offering technical analysis, Chief Restructuring Officer leadership, or ongoing support during the life of the case.
Business Bankruptcy Scenarios We Support
We support small and mid-market Chapter 11 cases, Subchapter V filings, and pre-filing financial planning. Our team is also engaged in litigation tied to business bankruptcy, including preference claims and allegations of fraudulent transfer.
Depending on the goals of the case, we assist with both Section 363 sales and plans of reorganization. Section 363 sales allow for the sale of assets through a court-approved process, often enabling faster resolution with less operational disruption. In other cases, we help develop and support long-term reorganization plans that preserve business continuity and guide the company through recovery.
Each engagement is tailored to the facts of the case, the available time frame, and the goals of the business or its legal representatives.
Our Approach to Bankruptcy and Restructuring
Step 1: Initial assessment
We begin with a confidential consultation to assess financial viability, discuss options, and align with legal counsel.
Step 2: Stakeholder coordination
As chief restructuring officers or financial advisors, we meet with creditors, lenders, and stakeholders to understand the full picture.
Step 3: Court preparation and filing support
We work with attorneys to prepare Schedules, Statement of Financial Affairs, First Day Motions, and the initial 13-week cash flow forecast.
Step 4: Ongoing financial reporting and plan development
We manage financial operations, lead forecasting, and support plan creation and confirmation.
Step 5: Exit strategy or resolution
Whether the path forward involves a Section 363 sale, plan of reorganization, or wind-down, we guide execution while maintaining compliance and transparency.
Why McEntire Advisory?
- We’re trusted by attorneys, lenders, and business owners alike
- Our team has experience serving as chief restructuring officers in complex cases
- We’re court-savvy, practical, and highly responsive
- We provide the leadership and financial clarity needed to move forward
- We bring both technical skill and strategic perspective to every engagement
From filings and forensics to recovery and resolution, we’re with you every step of the way.
FAQs
What is the role of a financial advisor in a bankruptcy case?
In a business bankruptcy, a financial advisor helps debtors or creditors evaluate financial data, develop reorganization strategies, and assess proposed reorganization. At McEntire Advisory, our bankruptcy accountants provide expert insight and court-ready financial documentation to support informed decisions throughout the process.
When should a business hire a bankruptcy accountant?
Businesses should engage a bankruptcy accountant early in the process, ideally when financial distress first becomes apparent. We help clients understand their options, prepare accurate disclosures, and communicate effectively with stakeholders, attorneys, and the court.
What types of bankruptcy cases do you handle?
We primarily support business bankruptcy cases, particularly Chapter 11 reorganizations. Our team works with both debtors and creditors, offering services that include financial reporting, forensic analysis, and recovery assessments. We also assist with pre-bankruptcy planning and post-filing compliance.
How does McEntire Advisory support creditors in bankruptcy cases?
For creditors, we provide a detailed analysis of the debtor’s financial position, test assumptions in the reorganization plan, and assess potential recoveries. Our experience allows us to advocate for our clients’ financial interests while helping the court understand the numbers that matter.
What sets your bankruptcy services apart?
McEntire Advisory brings a unique blend of technical accounting expertise, litigation support, and real-world business understanding. We’re responsive, thorough, and experienced in high-stakes financial environments, qualities that matter when outcomes hinge on precision and credibility.
Stabilize the Situation. Restructure with Confidence.
If your client or company is approaching business bankruptcy, needs immediate financial stabilization, or requires an experienced chief restructuring officer, we’re here to help.
Even early-stage consultation can clarify next steps, reduce uncertainty, and provide a more stable starting point for future proceedings. If you’re unsure whether restructuring is the right move, a call with an experienced CRO may help define your options before court becomes the only choice.
Let’s create structure, protect value, and move forward with confidence.