To date we have assisted the Trustee in disallowing $66 million in administrative and priority claims as well as identifying over $600 million in duplicate or amended claims. In addition, the Trustee filed over 500 preference complaints and, in less than 4 years, had resolved all but a handful of these actions, collecting over $31 million in preference recoveries. Protiviti’s consultants were instrumental in negotiating many of these recoveries. The firm's tax consultants identified, and the Trustee recovered, over $20 million in tax refunds.
How We Help Companies SucceedProfessionals within Protiviti’s Corporate Restructuring & Recovery practice have served as fiduciaries in a myriad of industries, managing pre- and post-confirmation entities. Among other titles they have held, these professionals have served as Plan Administrators, Liquidating Trustees, Chief Liquidating Officer, examiners, and receivers. This extensive portfolio of experience has created a superbly skilled team of professionals that can quickly step in, understand the specific nature of the entity and manage the entity to a successful conclusion.
Protiviti provides the resources and management expertise to value underlying assets, dispose of physical assets in the manner that creates the most value for the estate, evaluate the cost-benefit of any on-going recovery actions, provide consulting support for on-going litigation, work with counsel to develop the appropriate litigation strategy and then oversee that strategy, successfully negotiate out-of-court resolutions, if appropriate, or provide expert testimony, if necessary.