With an extensive background in commercial banking, and our 17 plus years as consultants, receiver, Chief Restructuring Officer, and trustee, our services are designed to effectively assist all parties in mitigating the impact of financial distress.
Our commitment to every engagement is to bring a common-sense implementation to facilitate necessary changes and be prepared for future changes as required.
Our senior management/ownership team has worked together for over 25 years; we personally oversee and lead each and every PSI engagement. This hi-touch process enables our clients to focus their efforts on effectively managing the day-to-day operations and pursuing the strategic resolution of the current issues.
We offer clients a wealth of middle market company restructuring and workout expertise and have a proven exceptional ability to assess and provide solutions to our client’s most complex and difficult problems.
Collateral control, liquidation, and property management for creditor committees, estates, and lenders. Coordination with legal, accounting, and other professional services.
Management of a company facing financial crisis; impending bankruptcy; during a bankruptcy; or implementation of a plan of reorganization.
Detailed analysis of accounts receivable, inventory, cash flow/debt service, debt structure, credit compliance, and staffing levels.
Assistance in negotiating proposals with investors, bankers, and creditors.
Court approved Chief Restructuring Officer, Receiver, Trustee, Liquidation Trustee and Bankruptcy Plan Administrator.
Pivotal was there when we needed them. As a receiver they managed a very difficult situation to the most positive conclusion possible. We appreciated their professionalism, transparency, and determination.
I have worked closely with Pivotal Solutions, Inc. over the past fifteen years on several complex matters ranging from restructuring or liquidation of operating companies to receiverships premised on disputes related to corporate control. Dick and Marci are consummate professionals, and their ability to bring order to often chaotic situations is unparalleled. When it comes to trustee, receivership, and restructuring work, I have no qualms about strongly endorsing Pivotal Solutions.
Our firm has represented Pivotal and its individuals as a Chapter 11 Trustee and as a Washington State Court Receiver in numerous court appointments. They have outstanding experience in acting as court fiduciaries and are able to effectively and efficiently meet the demands of the position. We also regularly refer them to business clients who need financial advisory or strategic consulting input. Dick and Marcia’s extensive experience and industry knowledge adds significant practical and technical value to the enterprise or the desired strategic process.
When faced with a Lease Default that created a serious cash flow problem for our business we were referred to Pivotal Solutions. We hired Dick and Marcia and they helped identify the changes and strategic paths necessary to regain control not only with respect to the default, but to the overall operation of our business. Now, two years after Pivotal Solutions involvement we have successfully resolved our Lease Default and have seen remarkable growth in our profitability.
Dick and Marcia are consummate professionals who brought industry knowledge, best practices, and real-world solutions to the complex and intricate challenges we faced. Hiring Pivotal Solutions was one of the best business decisions we have made.