1. CBIZ Corporate reCovery servICes

2. Corporate reCovery servICes
When companies are in financial difficulty, thorough investigative analysis by
experienced and knowledgeable financial specialists is essential for the
evaluation of how best to optimize the situation.
these experts assess: the viability or troubled companies, ranging from The CBIZ Difference
of the company, its operations, its small, family-owned businesses to
n our client’s business is our
management, its projections; the large international corporations.
business, and we take a proactive
adequacy of collateral protection; the
approach to client service.
company’s ability to ser vice debt; its CBIZ understands that each party-in-
n We have a dedicated group of
liquidation value; the existence of interest requires special handling of its
experienced professionals devoted
hidden under valued assets; whether particular needs and issues. Most of
strictly to bankruptcy, insolvency
to reorganize or liquidate; and our professionals have over ten years
and restructuring situations.
alternative strategies to maximize of experience in their respective areas
n CBIZ combines the resources and
value and limit risk. of expertise with competencies tailor-
expertise of a national firm with
made to the challenges our clients
the personal, responsive service
CBIZ Corporate recovery services face. they have represented debtors,
that clients deserve.
comprises a team of professionals equity holders and creditors of all
n engagements are staffed with
with specific expertise in the classes in both in-court and out-of-
senior-level professionals who
bankruptcy and creditors’ rights court workouts and restructurings.
are available to service clients
arena. our professionals are experts
at a moment’s notice – both
in assisting creditors, debtors and
domestically and internationally.
other parties-in-interest in bankrupt

3. Our Experienced Professionals our team will meet with the debtor records that are difficult to locate or
in Action and provide an initial, detailed where there has been a history of
analysis for the Creditors’ Committee dishonesty or impropriety. In these
the following describes our Corporate regarding the history and ultimate situations, we locate and secure
recovery services’ clients and the cause of the financial collapse of the existing records, provide detailed
challenges they face and explains how debtor-in-possession. this exhaustive monitoring of all transactions and,
our knowledgeable professionals can investigation uncovers all potentially where necessary, prepare for and
help them determine the best course sensitive transactions, including those attend depositions of parties to
of action. which may ultimately be litigated. potential frauds.
Debtor-in-Possession Secured/Institutional/ We assist trustees in the asset
We provide troubled companies Subordinated Creditors recovery process, including locating
and debtors-in-possession with our professionals evaluate the undisclosed bank accounts; liquidating
bankruptcy consulting and assist assumptions of management forecasts outdated or disregarded inventory;
them through most of the complex with the goal of protecting creditors’ and sale of properties, jewelry or
issues surrounding bankruptcy interests within their entitlement. We other valuables. once assets are
compliance activities. our experienced develop strategies to help our clients available for distribution, our database
professionals assist in prioritizing minimize the risk of further collateral professionals provide distribution
key areas requiring immediate erosion, thereby diminishing any services to ensure efficient, accurate
action. Many times this includes unnecessary exposure. and cost-effective payments to
facilitating communications with creditors.
creditors to ensure an uninterrupted Trustees (Chapter 7,
flow of operations, identifying areas Chapter 11 & Liquidating) Other Parties-in-Interest
of compliance and developing We assist trustees in the admin- We help all parties-in-interest identify
workout plans. We will also assist istration of estates, providing their rights and prepare claims.
in preparing financial statements, investigative services and financial
tax returns, projections, liquidation and reporting compliance, including
analyses, operating reports and other operating reports, tax filings and claim
bankruptcy-related materials. reconciliation expertise.
Creditors’ Committees We have extensive experience
our services assist both the with Chapter 7 situations in which
experienced and novice members liquidated companies may have
of Creditors’ Committees, including
monitoring debtors’ activities,
assisting in the fulfillment of the
Creditors’ Committee’s fiduciary
responsibilities and identifying ways
to maximize returns to creditors. We
identify the committee’s rights and
assist in protecting them.

4. Corporate reCovery servICes
Comprehensive Range
of Services
Bankruptcy Services
CBIZ provides advisory services
to official and unofficial creditor
committees, equity holders, debtors,
shareholders, secured lenders
and other parties of interest. our
experienced professionals work in
small teams to assist clients through
the complexities of bankruptcy.
Financial Advisory Services
our experienced professionals
understand the troubled business
environment and know how to make
things happen – from reorganizing
a business to better service its
clients’ growing needs to assisting
companies on the brink of bankruptcy
with complex financial and tax issues.
planning and strategizing with our
focused professionals allows our
clients to fully review their position and
identify solutions that make sense for
everyone involved.
Performance Improvement Services
our performance improvement
services provide opportunities
for company management and
shareholders to improve many
aspects of their business in order
to align company performance with
strategic and financial goals. We can
work with management in providing
solutions to a vast array of issues –
from recapitalizing the company to
improving margins by concentrating
on work flow process, distribution and
corporate overhead. We can tailor
a specific approach to enhance the
value of the company and work toward
implementing a plan to enhance the
future value of the company.

5. Turnaround & Restructuring Valuation Services the opponent’s positions. What results
Advisory Services CBIZ provides financial analyses are fresh insights that reinforce the
CBIZ can provide immediate and valuations of business interests case and translation of sophisticated
assistance to companies in distress. for a wide variety of planning and issues and principles into clear
our services include an array of transactional applications. our mission concepts.
strategic alternatives to help right-size is to provide the highest quality
infrastructure, improve working capital valuation studies that can withstand Trustee Services
management, sell non-core assets or the scrutiny of tax authorities, potential Many of our professionals either are or
business units and recapitalize the adversaries, lenders and investors. have been court trustees, receivers
company. We also assist companies or administrators, so they understand
with performance improvement, due Forensic Accounting & the responsibilities that need to be
diligence and merger integration. our Litigation Support fulfilled – from marshalling assets and
extensive experience representing our highly-trained professionals are developing business plans to preparing
secured and unsecured creditors, specialists in forensic accounting court required filings and tax returns.
companies and debtors-in-possession, and litigation support. they have the our teams advise and assist clients
equity holders and third-party investigative expertise and analytical from start to finish, ensuring that the
purchasers enables us to arrive at skills needed to decipher complicated maximum recovery of assets has been
mutually agreeable solutions in an financial data and provide an objective corralled and ultimately distributed to
expeditious manner. assessment of both the client’s and claimants.

6. Corporate reCovery servICes
Industry Credentials &
Expertise
CBIZ Corporate recovery professionals
have extensive expertise in the
following industries:
n apparel & textile
n Manufacturing
n Distribution
n Import/export
n transportation
n retail
n service & Hospitality
n printing & publishing
n advertising

7. Summary of Our Services Performance Improvement Services Forensic Accounting
n Working capital management n Conduct fraud investigations
Bankruptcy Services
n Cost structure/overhead analysis n review fraudulent transfers and
n schedule preparation
n Industry and competitor conveyances
n analyze both pre- and post-petition
opportunity analysis n address insider and employee
operations
n Gross margin/profitability analysis activities
n Liquidation analysis, preparation
n Financial modeling/cash flow n Financial statement reconstruction
and review
projections
n Crisis management
n strategic plan development Litigation Support Services
n preference searches and
n Interim management and n Insolvency analysis
investigations
execution n expert testimony
n Development/review of
n plan implementation and n acquisition reviews
organizational plans
monitoring n Forensic determination of
n Development of reorganization
economic damages
alternatives
Turnaround & Restructuring
n assessment of management and
Advisory Services Valuation Services
company personnel
n address liquidity concerns n Business valuations
n Negotiations
n stabilize core operations n review of valuations pertaining
n Implement cash conservation to reorganization plans
Financial Advisory Services
guidelines and controls n Intangible assets and intellectual
n Financial statement preparation
n Financial projections review property appraisal
and/or reconstruction
n Business plan development n Industry analysis including
n Develop/review projections and
n Develop employee incentive plans current market trends, industry
forecasts
n Identify and dispose of non-core weaknesses and strengths as
n Develop/review operating reports
assets well as opportunities
n Due diligence services
n assist in implementation of an n enterprise valuation
n Consult on potential mergers and
operational restructuring
acquisitions
n Manage creditor communication Trustee Services
n assist in capital restructuring
and negotiation processes n Marshal and secure assets
n provide counseling on debt
n pre-bankruptcy planning n Manage the asset recovery
restructuring
process
n Investigative reporting
n all aspects of claim
management—reconciliation,
negotiation and distribution
n prepare all necessary financial
reporting

8. M U LT I P L E S E R V I C E S W I T H A S I N G L E F O C U S : YOUR SUCCESS
Growth and Success. Efficiency and Profitability. It’s likely these goals are top
priorities for your business. It’s also likely that the daily distractions of financial
and employee issues diminish your ability to focus on those goals.
CBIZ enables you to dedicate your time to critical business matters by providing
custom solutions that help you manage your finances and employees.
We offer clients exceptional quality and diverse capabilities with the personal
attention your business needs and deserves, all with a single focus: your success.
For more information, contact your local CBIZ advisor or call our toll-free help line,
1-800-ASK-CBIZ (1-800-275-2249).
Employee Services O YEE S ERV Financial Services
PL IC
EMPLOYEE BENEFITS ACCOUNTING & TAX
M
ES
RETIREMENT SERVICES LITIGATION SUPPORT
E
PAYROLL / FLEX / COBRA VALUATION
PROPERTY & CASUALTY INTERNAL AUDIT
INSURANCE CLIENT MERGERS & ACQUISITIONS
RISK MANAGEMENT
FINANCIAL ADVISORY
WEALTH MANAGEMENT
CORPORATE RECOVERY
LIFE INSURANCE
FAMILY OFFICE SERVICES
IN
S
E
F
EXECUTIVE RECRUITING
AN IC
COMPENSATION CONSULTING CIAL SERV
HUMAN CAPITAL ADVISORY
© Copyright 2010. CBIZ, Inc. NYSE Listed: CBZ. All rights reserved. • CBIZ-168, Rev. 1
CBIZ also provides specialized services, including
Real Estate Services and Healthcare Services
our business is growing yours
www.cbiz.com