Bankruptcy & Restructuring Support

Today, more than 5,000 American businesses are filing for bankruptcy every single day—a number that has grown by more than 54% in the past 12 months. With this rate expected to increase by another 50% in the next year, it is more important than ever for firms to find effective solutions for streamlining the bankruptcy and restructuring process.

When you team up with TLS, you will gain access to TLS Deal Interactive virtual data rooms (VDRs), which are the ideal tools to help facilitate efficient communication and document management during any bankruptcy case or Chapter 11 restructuring transaction. With Deal Interactive, every one of the parties involved in bankruptcy cases (law firms, advisors, banks, creditors, and courts) can collaborate online to draft, edit, and execute sales agreements within the secure, fully hosted environment of our virtual data room solutions.

Deal Interactive Key Features:

• Online Access – Our staff will gather, scan, and organize all relevant contracts from disparate geographical locations and corporate departments into one central online repository, thus eliminating travel to multiple debtor sites and drastically reducing the associated overheads.
• Convenient Organization – Run entire deals from start to finish within a single application, empowering you to manage multiple deals simultaneously.
• Speed – Deal Interactive's staff have extensive experience with all phases of bankruptcy and restructuring proceedings as well as the associated documentation, which means your VDR can be fully functional just a few days after your first call.
• In-House Translation – With full access to TLS's translation resources, Deal Interactive can provide rapid, seamless translation of the documents in your virtual data room. Combined with our multilingual user interface capability, our translation services allow members of your data room to experience the full due diligence process in their native language.
• Security – Your VDR is hosted in a SAS 70 Level II compliant facility and is encrypted with multiple layers of security and audit controls.
• Ease of Use – Site deployment requires minimal training for users and administrators. Designed to reduce extra mouse clicks and data-entry screens, TransPerfect Deal Interactive allows users to save time and minimize the risk of errors.

Post-Confirmation
It is common practice for legal counsel in bankruptcy transactions to keep a VDR operational post-confirmation, as this allows for the swift review of transaction documentation in the event of any litigation arising from the bankruptcy. For these cases, Deal Interactive can quickly set up a case-specific VDR to facilitate the production and reviewing of relevant documentation.