Chief Restructuring Officer & Bankruptcy Support Services
When a company faces financial distress, early decisions, like appointing a chief restructuring officer, can dramatically impact the outcome of a business bankruptcy. 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 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.
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, CRO 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.
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.