We specialize in mapping the course for financially distressed companies and guiding their way to profitability.
Financial troubles are often invisible until the company has a serious cash-flow deficit and/or has violated loan covenants. Schneider Downs Meridian applies its depth of management and financial experience in workout situations and determine what actions need to be taken. This assistance can be critical in keeping the troubled company's focus on serving its customers, while resolving its internal problems.
A turnaround situation demands immediate attention to problems arising from the client's customers, lenders, trade creditors, employees or competitors. The utmost confidentiality must be maintained to protect the market image of the company throughout this time. From experience, Schneider Downs Meridian understands the effort required to help a company through the crisis. Our depth of management enables us to address many problem areas simultaneously.
For a list of all of the services that Schneider Downs Meridian can provide to your business, including Performance Improvement, Insolvency Services and Financing and Debt Placement, please visit our Schneider Downs Meridian Services webpage.
Back in July, the IRS formally removed regulation §1.451-5 from the Code of Federal Regulation. The regulation had permitted some companies to defer ...
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