Practice Area

Strategic Advisory & Restructuring

Comprehensive strategies that identify challenges, explore options, and craft actionable plans for companies navigating financial distress.

Overview

Navigate Complexity with Confidence

When a company faces financial distress, the decisions made in the first days and weeks are often the most consequential. CMBG's strategic advisory practice helps companies, boards, and stakeholders understand their options, evaluate alternatives, and execute the right strategy.

Our approach combines deep financial analysis with practical business judgment. We don't just identify problems — we develop actionable solutions that balance the interests of all stakeholders while preserving as much value as possible.

Whether the goal is to restructure and continue operations, execute an orderly sale, or navigate a complex wind-down, CMBG provides the strategic framework and hands-on expertise to get there.

Our Approach

Restructuring Solutions

Select a solution to learn more.

Solution 01

Out-of-Court Restructuring

Negotiated solutions that avoid the cost and publicity of formal proceedings. We facilitate agreements between debtors and creditors that can include debt modifications, payment deferrals, asset sales, and operational changes — all without court involvement.

Why Timing Matters

Why Restructuring Decisions Reward Speed

Strategic advisory work is usually about preserving optionality before the numbers force a narrower outcome. These figures help frame why earlier restructuring work often produces stronger survival and recovery results.

Business U.S. bankruptcy filings, 2022–2026Business filings only for the years ending June 30. The bars start at zero. 2022: 12,748 filings. 2023: 15,724 filings. 2024: 22,060 filings. 2025: 23,043 filings. 2026: 26,941 filings. Labels above the bars are rounded to the nearest hundred.

26,941

US business bankruptcy filings in the year to June 2026

Source: Administrative Office of the U.S. Courts

Annual change in U.S. business bankruptcy filings, 2023–2026Year-over-year percentage change in business filings for the years ending June 30, calculated from the supplied annual counts. No 2022 rate is shown because the prior-year count is unavailable. 2023: 23.3%. 2024: 40.3%. 2025: 4.5%. 2026: 16.9%.

16.9%

year-over-year rise in business filings over the same period

Source: Administrative Office of the U.S. Courts

Total U.S. bankruptcy filings, 2022–2026Business and non-business filings for the years ending June 30. The bars start at zero. 2022: 380,634 filings. 2023: 418,724 filings. 2024: 486,613 filings. 2025: 542,529 filings. 2026: 608,511 filings. Labels above the bars are rounded to the nearest thousand.

608,511

total US bankruptcy filings in the year to June 2026

Source: Administrative Office of the U.S. Courts

About half of new U.S. establishments close within five yearsFive of ten establishment icons are highlighted in dark blue to illustrate approximately 50% closing within five years. This represents a proportion, not individual establishments or a year-by-year trend.

~50%

of new US establishments close within five years

Source: U.S. Bureau of Labor Statistics

Methodology

A Proven Framework

Explore the engagement, phase by phase

Phase 1: Diagnostic Assessment

Phase 1

Diagnostic Assessment

  • Comprehensive financial analysis and cash flow review
  • Identification of core vs. non-core assets and operations
  • Stakeholder mapping and relationship assessment
  • Evaluation of legal obligations and contractual commitments
  • Market position analysis and competitive landscape review

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Related Resources

Related Guides, Videos, and Case Studies for Restructuring Decisions

These related guides, videos, and case studies show how CMBG helps stakeholders preserve optionality, evaluate transactions, and make restructuring decisions before a formal insolvency process becomes unavoidable.

FAQ

Questions About Restructuring Strategy

Strategic advisory work is often about preserving optionality before the situation hardens. These FAQs address control, confidentiality, timing, and what to expect from an early restructuring engagement.

Chart a Path Forward

Let us help you evaluate your options and develop a strategy tailored to your unique situation.

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