There are only three steps you can take to resolving financial difficulties.

- James V. McTevia

One of the most frequent mistakes a distressed business makes is to put off facing difficult issues.

- James V. McTevia

Guiding a company through troubled waters is serious business.

- James V. McTevia

Latest News

McTevia comments on Detroit lawsuit against delinquent taxpayers

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McTevia comments on the financing structure of the Westin Book Cadillac Hotel in Detroit

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McTevia to Boston Globe: what Staples office supply chain must do to survive

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McTevia in Corp!: why outside board members are good for insiders

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McTevia interview with Communicating Business: "Building Your Business Reputation on Trust"

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McTevia OpEd: Detroit must stay out of bankruptcy court

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Detroit bankruptcy judge to review attorney fees - McTevia comments on accuracy of figures

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Detroit creditor wants real estate settlement: McTevia opines

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Insights

Our firm provides services to publicly and privately held businesses, banks, savings and loan associations, pension funds, mortgage companies, regulatory authorities, and their customers and/or clients. We specialize in working with firms that are in transition or under-performing in the development of due diligence reports, debt restructuring, business plans, financing proposals, mergers, acquisitions, wind downs, liquidations and the resolution of financial difficulties. Our associates have extensive experience in banking, industrial finance and financial and business management.

For over 50 years, our firm has developed a national reputation for assisting companies struggling with financial difficulties. Our focus is to either guide the client through a reorganization of operations and a restructuring of debt, or if that is impossible, structure a process to discontinue the company's business, wind down operations and liquidate assets in an expeditious and cost effective manner. We function both with and without court supervision. However, our goal is to facilitate the company through this process in an out of court forum whenever possible.

Our services are provided from offices in Florida and Michigan. We are held in the highest regard by the business community, federal, state and local governmental bodies, regulatory agencies, pension funds, lenders, law firms, and the judiciary. A more comprehensive description of our associates' credentials and the services our firm provides can be obtained on this site.

Books by McTevia

The Culture of Debt

The Culture of Debt:
How a Once-Proud Society Mortgaged Its Future

By James V. McTevia

Order Book

Bankrupt: A Society Living in the Future

Bankrupt:
A Society Living in the Future

By James V. McTevia

Order Book

Videos

Jim McTevia on FOX 2 “Money Works”

CULTURE OF DEBT Trailer


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