Todays challenging economic climate has resulted in a skyrocketing number of companies in bankruptcy or reorganization.
Companies and their creditors need assistance with assessing risks that could impair the value of their remaining assets. Insufficient insurance can expose creditors to loss if an insurable event were to occur or an unknown liability were to arise.
The ALS Group provides assistance to creditor committees with:
- Identifying and quantifying undisclosed or unanticipated exposures and liabilities;
- Determining the contractual risks created by existing and new agreements;
- Reviewing insurance policies to ascertain that they are in agreement with lender financing terms;
- Recommend risk mitigation strategies to reduce the risk of financial loss.