Serving as a fiduciary includes multiple moving parts. Among other things, they include managing trust funds, managing operational activities, the sale of a business, wind-down activities, litigation and claims resolution, accounting and stakeholder communications, negotiations and serving as referee between often adversarial parties. 

Our seasoned professionals have the accounting, technological, communications, legal and industry expertise necessary to act as fiduciaries and serve as trustees, plan administrators, examiners, or liquidators.  Our teams serve the following stakeholders in distressed situations:

• Trustees & Plan Administrators:  We have a reputation for maximizing creditor recoveries through our robust and streamlined trustee and plan administrator service that we established in the mid 1990s.  We are highly regarded for making distributions to creditors that far exceed expectations.  Notable examples of our roles include General Motors, a 50-entity chain carved out of Lyondell Basell and the LJM2 subsidiary of Enron.

• Examiners/Monitors: Examiners and monitors are often faced with the daunting task of analyzing voluminous corporate data that forms the basis for periodic reporting.  AlixPartners’ bankruptcy, financial and data mining capabilities provides a unique integrated offering that is unmatched.

• Liquidators or Assignees: In a liquidation or assignment for the benefit of creditors, we serve as liquidator, assignee or consultants to facilitate an orderly liquidation of the company’s assets. We take control of the company’s books and records, assist with strategic planning, creditor communications, negotiations and distributions, marshalling, inventorying and liquidating the debtor’s assets.