Clear Thinking Group Managing Director Patrick Diercks will lead its Creditors’ Rights practice group. He will be responsible for managing a team of professionals devoted to end of case services.
“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,” said Stuart Kessler, president of Clear Thinking Group.
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 preparation of cash collateral forecasts, DIP budgets, claims analysis, asset analysis and recovery, as well as estate wind-down activities. He 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.
In addition, Clear Thinking Group was named plan administrator for Joyce Leslie as part of the debtor’s confirmed plan of liquidation. The fashion retailer had previously filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York in January 2016.