The number of requests for Bankruptcy (Chapter Eleven) process in 2023 is a record. From January to September, 966 companies sought protection against creditors, the highest number since 2019 – and the reasons for this record are numerous, ranging from the rise in interest rates to customer default.

Our feeling is that many entrepreneurs miss the timing to restructure their operations and finances. They fear this decision-making process. They request recovery when it's already too late. This is where Galeazzi & Associates can be a strategic partner. Faced with the need for crisis management and turnaround, the firm provides full support for the operational and financial recovery process through analysis and planning. The goal is to identify the reasons for underperformance and restore solvency to companies through short-term strategies. In addition, in-depth diagnostics of the real situation are developed through the implementation of working groups and action plans.

By applying restructuring and operational optimization in cases like the ones mentioned above, especially when gross and net margins are declining over months/years or below the industry average, we ensure the financial health recovery of the company, cash generation, and the realignment of structures, processes, expenses, and costs.

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