Mr. Diercks has over 17 years of experience as a consultant in the turnaround/restructuring arena dealing primarily with companies in consumer product manufacturing/distribution, staffing, metal products, manufacturing and retail industries. He has led/participated in numerous assignments related to cash management and operational performance improvement, as well as frequently serves as financial advisor to various constituents in bankruptcy proceedings.
He has been retained to assist clients with the preparation and analysis of business plans, financial statements, cash flow reporting and forecasting, collateral analysis and monitoring, out of court wind-downs, refinancing, organizational restructuring, labor standards development, and POS implementation/training. Mr. Diercks has provided services to both Debtors and Creditors within the Chapter 11 bankruptcy process including: the preparation of cash collateral forecasts, DIP budgets, claims analysis, asset analysis and recovery, and estate wind-down activities. Additionally, he has served as both a Chief Restructuring Officer and Chief Strategy Officer as well as other interim senior management roles with responsibility for areas such as operations, finance, logistics, customer service, distribution, and inventory control. He has also been retained by multiple bankruptcy estate trustees/plan administrators to assist with post confirmation activities and managing/administering the plan. His responsibilities included overall case administration, claims analysis, preference analysis, litigation support, and distribution of funds to creditors.
Mr. Diercks is a Certified Insolvency and Restructuring Advisor (CIRA) through the AIRA and is designated as a Certified Turnaround Professional (CTP) by the Turnaround Management Association. He actively participates in the AIRA, SFNet, TMA and NYIC trade associations, frequently speaking on panels at industry events, writing articles for publication and serving as a member on the TMA Global Awards Committee.