Intermediation

Fundamental conflicts among owners, secured creditors, and other parties can result in angry disputes and wasteful litigation that raise the specter of bankruptcy. Intermediation, an entirely voluntary process, addresses these conflicts.

Often the parties involved in potential or actual conflict respond with favor when a neutral and professional third-party develops and implements a plan to resolve the conflict.

An Intermediary functions as a neutral third party to assure integrity in the relationship between owners and debtors/creditors and to provide a flow of meaningful and reliable information to all parties.

An Intermediary’s typical activities include the provision of third-party verification and control of business information including cash collections, accounts receivable, inventory control, and expenses. The process involves negotiations with creditors, customers, employees, or prospective acquirers. And it can include the liquidation of the existing organization and transition of the operations to a new entity.

At times a restructuring or sale or liquidation or even a General Assignment, Receivership, or Bankruptcy may ultimately become necessary due to recalcitrant parties or other factors. Nevertheless, Intermediation can save the time and expense which a bankruptcy or litigation would entail.

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