Mac Restructuring Advisors is a leading national consulting firm comprised of experienced finance professionals. Since 1990, Mac Restructuring Advisors and its professionals have provided services in the following Areas:
We have chosen to specialize in these areas to enable us to provide efficient and cost-effective services, with particular emphasis on serving the business and legal communities.
As a financial restructuring and turnaround management advisory firm, Mac Restructuring Advisors serves:
Our services include:
Our professionals have experience in not only advising corporations and creditors, but have also served as interim crisis managers such as CRO, CFO and CEO.
With a solid understanding of the complex issues involved in a crisis situation, Mac Restructuring Advisors preserve and restore value for our clients by bringing stability and clarity to the situation We are accustomed to quickly evaluating difficult situations and have successfully advised various stakeholders from a dedicated team of professionals.
In today’s economic environment we are seeing more bankruptcy plans being contested based upon the feasibility of the debtor’s Plan and the appropriate rate of interest to be given to a secured creditor. In fact, these issues may be the final questions for the court to consider before a plan is confirmed.
We have extensive experience in addressing feasibility, appropriate cram down interest rates, as well as 1111(b) election issue.
In bankruptcy cases, the determination of an appropriate interest rate should be governed by the formula approach set forth in In Re Till, 541 U.S. 465 (2004). In addition to Till, certain other cases have addressed the applicability of the formula approach in Chapter 11 cases.
Testimony supporting the reasonableness of a projection’s underlying assumptions can be critical, particularly in the event of a feasibility challenge. This includes assumptions regarding general business and economic conditions and industry trends, as well as operational and financial assumptions. It is also important to establish that the debtor will remain viable even if it falls short of the projections. A feasibility opinion should be more than just a “rubber stamp” of the debtor’s plan. The expert’s opinion should be credible and reliable and give a valid basis for its calculations, conclusions and opinions. The failure to choose a persuasive expert to render an opinion on feasibility can be fatal to the passage of any plan, even if it meets all other elements necessary for its approval.
A Receiver is a “person placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights.” The most common receivership engagement is a court-appointed receiver. Receivers have specific powers defined by statute and the Court order so that they can properly control, preserve and maintain the assets of the company. A receiver is often thought of as someone appointed to manage or liquidate commercial real estate. However, a Receiver is also frequently needed in a going concern business operation as a result of a shareholder dispute or other litigation matter. In these cases, the Receiver’s responsibilities are more complex and comprehensive, as more often than not, accusations of mismanagement, asset misappropriation or financial statement fraud are the core of the litigation.
We have been served as a court appointed receiver in various state jurisdictions on a variety matters including operating companies, real estate, dairy farms, retail, multi-family housing, manufacturing, and health care.
Mac Restructuring Advisors is headed up by Edward (Ted) Burr. Ted has over 30 years of corporate restructuring experience. He has served as a financial and restructuring expert to both debtors and creditors. He has testified in federal bankruptcy court on a variety of issues including feasibility matters, cram down interest rates, 1111(b) election issues, business valuation, and many more. Ted is a nationally recognized expert particularly on feasibility and cram down interest rate matters. Ted is also a Subchapter V Bankruptcy Trustee for Regions 14 and 17.
Ted has also served as a state court appointed receiver on over 60 matters as well as being appointed as a Chapter 11 bankruptcy trustee. He has also served as interim CEO, CFO and as an Independent Board Member.
Court appointed Subchapter V bankruptcy trustee:
Love Freightways, Inc., NV
Alamo Movie Cinemas, AZ
Players Network, NV
Financial advisor to the Debtor and Chapter 11 Trustee
Financial advisor to several companies that had pension fund early withdrawl liabilities and served as an expert to limit the liability under ERISA secion 1405 (a)
Feasibility and Interest Rate Experts, Turnaround Consulting, Bankruptcy Consulting and chapter 11 bankruptcy expert
Served as an Independent Board of Director Member for this multi-state roofing and solar company during its Chapter 11 bankruptcy process
Serving as court appointed receiver for various types of businesses including assisted living facilities, landscape material supplier and multi-family housing
Download Resume
Ted Burr Resume (pdf)
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