For distressed but viable businesses, court-supervised restructuring offers a legal mechanism to reorganize debt, preserve core operations, and regain commercial viability. ForTran advises debtors, creditors, investors, and other stakeholders throughout the restructuring process—from strategy design to plan execution—helping clients resolve risk exposure, recover value, and enable business recovery. Our services include:

Feasibility Assessment and Strategy Design

We assist businesses in evaluating whether they meet the legal and commercial conditions for initiating restructuring. This includes analysis of financial distress, debt composition, and the likelihood of successful implementation.

Petitioning for Reorganization and Maintaining Operational Control

We represent debtors in filing for judicial reorganization and securing court approval. We help secure the protection period and support clients in retaining control over daily operations and key business assets during proceedings.

Structuring the Restructuring Plan

We design comprehensive restructuring plans covering debt adjustment, asset divestment, business segmentation, and capital restructuring. Our approach integrates legal, financial, and commercial dimensions to ensure feasibility and stakeholder buy-in.

Introducing Strategic Investors ("White Knights")

We identify potential investors, conduct legal due diligence, assist in structuring the transaction, and support negotiation and signing. We help ensure seamless entry of new capital into the restructuring framework.

Stakeholder Coordination and Plan Approval

We support the classification and registration of claims, assist in organizing and attending creditors' meetings, and advise on voting strategy to facilitate majority approval of the restructuring plan.

Implementation Support

We assist the administrator or retained management in executing the approved plan, including asset sales, claim settlements, equity adjustments, and follow-up governance matters.

Support on Tax, Labor, and Contractual Adjustments

We advise on tax implications, employee settlement, and renegotiation or termination of commercial contracts during the restructuring process.

Post-Restructuring Compliance and Governance

We help reorganized businesses build or upgrade their compliance systems and internal governance frameworks to prevent recurrence of structural risks.

Investor Participation in Restructuring

We advise investors participating in distressed acquisitions, provide legal due diligence, risk isolation strategies, and design of acquisition structures to ensure regulatory compliance and limited exposure to historical liabilities.

Serving as Administrator or Interim Manager

When appointed by the court, ForTran lawyers act as administrators or pre-restructuring interim managers, responsible for drafting the plan, managing assets, and coordinating with stakeholders.

Advising Stakeholder Groups

We serve as legal counsel to creditors, shareholders, and company executives throughout the restructuring process, including claim filing, priority disputes, and creditor committee functions.

Restructuring of State-Owned or Financially Sensitive Enterprises

We provide customized legal strategies that balance regulatory concerns and market-based recovery goals for clients involving state-owned assets, policy-sensitive sectors, or systemically important institutions.

Cross-border Restructuring and Recognition of Foreign Proceedings

We assist domestic and foreign clients in participating in cross-border restructurings, including applications for recognition of foreign insolvency proceedings and enforcement or disposal of overseas assets.