In critical situations, independent assessment and monitoring of a borrower provides the confidence required to know when and what actions to take. In the worst of cases, financial experts help to ensure recoveries are maximized.
Legion assists banks, private equity funds, and other creditors in assessing and monitoring a borrower’s current financial condition, operations, strategic plan, and value and security of collateral. Our analyses help to ensure a borrower is in compliance with laws, regulations, and agreements. Our extensive experience leading distressed companies through crisis helps to assess whether a borrower’s strategic plan is sufficient to ensure the long-term viability of the company. When required, we conduct forensic accountings and quickly and efficiently help to identify and take possession of collateral. We support lenders throughout the distressed asset process, including the management and monetization of operations, intellectual property, real property, equipment, inventory, accounts receivable, and other diverse collateral. Our involvement helps to increase transparency and the lender’s confidence that the actions taken are appropriate given the current situation.