Bankruptcy procedures and corporate restructuring processes involve numerous parties and piles of paperwork.
Keep these transactions as simple and organized as possible using a Multipartner VDR.
The management, review, and distribution of the necessary paperwork - contracts, financial information, lease agreements, claims, disclosure statements, creditor releases, court orders, closing and post-closing deliveries, among others - can become overwhelming even for the most efficient teams.
With a Virtual Data Room, the bankruptcy or restructuring process is simplified by consolidating all of the paperwork online.
The organization and effectiveness of your process could get you greater returns on your asset sales and save money by reducing time spent on the organization, printing and distribution of documents.
With the many players involved in a bankruptcy or restructuring - attorneys, banks, creditors, advisors, accountants, court personnel and potential buyers – it can be costly, time-consuming and risky to distribute the required paperwork using a physical data room.
Save time on due diligence with the ability to access the necessary distressed asset sale, Debtor-In-Possession (DIP) financing or divestiture documents securely online with no need to travel to a data room.
And since more than one user can view the information at a time, the process is less time-consuming.
Other benefits of using a Multipartner Virtual Data Room for your bankruptcy or restructuring process:
- Track who is viewing which documents and for how long to see who is most interested in buying your assets
- Access to buyers and key players worldwide – no limitations based on location. One central repository for all information related to the bankruptcy or restructuring process
- Legal grade reports on user and document access, dually providing proof of disclosure and covering you for all regulatory and compliance requirements
- “Keep me updated” feature allows users to receive notifications on specific actions in the data room, such as when a document is added or when a user’s save or print permissions are modified