Clear Thinking Group LLC announced that Managing Director Patrick Diercks will lead its Creditors’ Rights practice group. In this role, he will be responsible for managing a team of professionals devoted to end of case services. Diercks has more than 12 years of experience in the turnaround and restructuring arena. He has provided services to Debtors within the Chapter 11 bankruptcy process including the following: preparation of cash collateral forecasts, D.I.P. budgets, claims analysis, asset analysis and recovery, as well as estate wind-down activities. Diercks has also been retained to assist bankruptcy estate trustees as part of post confirmation plan administration. In that role, his responsibilities have included claims analysis, preference analysis, and distribution of funds to creditors.
Stuart Kessler, President of Clear Thinking Group, comments, “Pat’s experience in all aspects of the bankruptcy process made him the ideal candidate to lead our reinvigorated Creditors’ Rights practice. He will be able to quickly identify issues and ascertain a course of action in an effort to achieve the maximum possible return to creditors.”
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