Restructuring plan software for every jurisdiction
ICRA Systems | Integrated Cloud Restructuring Application
One secure cloud platform for claims, classes, voting and reporting.
Court-confirmed restructuring plans, schemes of arrangement, pre-insolvency procedures, out-of-court creditor agreements and compositions in insolvency. The framework differs per country. The work does not. ICRA Systems structures that work, whatever law applies.
Restructuring advice should not drown in administration
Advisors, lawyers, insolvency practitioners and companies spend a disproportionate share of every restructuring on routine work: collecting and validating claims, answering creditors, tracking deadlines, preparing voting documents and building the file. That time is billed to a company that can least afford it.
ICRA Systems automates the routine, so advisors spend their hours on what decides the outcome: the plan, the negotiation and the valuation. The platform guides you through every step of a creditor agreement:
- Inform creditors and stakeholders from one central portal
- Import, verify and validate claims and security positions
- Build class formations and test them against alternative scenarios
- Compare liquidation value with going-concern value for every creditor
- Send tailored communications per class of creditors
- Put the draft and final plan to a vote and tally the results per class
- Generate the voting report and supporting documents at the push of a button
- Keep a complete, audit-ready file of every step and every communication
Every step, deadline and document is visible to the advisor and the company at all times. Nothing is skipped and nothing gets lost.
Developed by restructuring practitioners and in use on live cases since January 2021.
Built for every jurisdiction
Restructuring law is national. The economics of a restructuring are universal: who is owed what, what the business is worth, how value is divided and who agrees. ICRA Systems is built around those universal building blocks, not around one statute.
Court-confirmed restructuring plans with class formation and cross-class cram-down, out-of-court creditor agreements and compositions within insolvency proceedings: one platform for all of them. Procedural steps, deadlines, class rules and voting thresholds are fully configurable in the application, so ICRA Systems follows the law that applies to your case. ICRA Systems is now expanding to Spain, Germany, Poland, the United Kingdom, the United Arab Emirates and Saudi Arabia.
Built for restructuring advisors, insolvency and restructuring lawyers, insolvency practitioners, accountants and corporate finance firms. The environment carries the logo and colours of your firm, and the creditor portal speaks your creditors’ language: English, German, Spanish, Italian, French and Dutch, with Arabic following in 2027.
ICRA Systems: restructuring plans, run end to end.
How ICRA Systems works
Class formation
Divide claims into classes and show each creditor what the plan means: verify the claim, see the impact, vote. Evidence of claims and security can be uploaded directly, and all communication becomes part of the file.
Valuation and capital structure
Compare liquidation value with reorganisation value and show each party the effect of the proposed plan. Model the new capital structure instrument by instrument and test its sustainability with the debt analytics module.
Impact of the plan
Make the outcome visible for every individual creditor and capital provider, per class scenario and for the final plan.
Documents and reports
A legal toolbox with template documents for the full process, populated with live case data wherever possible. That saves time and cost on every case.
Creditor portal
Creditors submit, view and update their claims, upload security documentation, follow the process and cast their vote online.
Due diligence room
Share key documents with all stakeholders at once, or with individual parties, in one controlled environment.
