Out-of-court workouts and creditor compositions offer a faster, more private, and often less expensive path to restructuring obligations, preserving going-concern value, and achieving recoveries that would be diminished by the costs and uncertainties of litigation. But these negotiations are complex: they require the voluntary cooperation of multiple creditors, transparent assessment of the debtor’s financial condition, and creative structuring that addresses competing priorities.

Jeremy has spent four decades guiding parties through both formal and informal restructuring processes. He understands the leverage dynamics, the holdout problems, and the critical question that drives every workout: is the value preserved through consensual resolution greater than what any party would recover through litigation and enforcement?