Every feature you need to run a restructuring plan

Five modules cover the full process, from the first creditor list to the confirmed plan. The interface is intuitive and our support team gets you working independently within days. Book a live demonstration and see it on a case like yours.

What ICRA Systems does

  • Accounting data imported directly into the case.
  • Creditor portal with a due diligence room: every creditor receives the same information, verifies their claim, sees their class and votes on the plan.
  • All stakeholder communication runs through the platform and becomes part of a complete, audit-ready file.
  • Full insight into assets, values and security interests.
  • Claims divided into classes.
  • Multiple scenarios for class formation, calculated side by side.
  • Liquidation value compared with going-concern value.
  • Automatic calculation of the outcome for every creditor and capital provider.
  • Integrated voting module that produces the voting report.
  • Documents such as filings and term sheets for the new capital structure, prepared semi-automatically.
  • Real-time progress tracking with all related documents.
  • Debt analytics and return calculations for alternative capital structures.
Claims and assets overview in ICRA Systems

Claims and assets

Import creditors and their claims in bulk, then add or edit positions manually. Link security interests on specific assets to individual claims, so every creditor’s secured and unsecured position is clear from day one.

Class formation and impact analysis

Divide creditors into classes and use the impact analysis to compare each creditor’s recovery in liquidation with the recovery under the plan. You see immediately which classes are likely to vote in favour and which creditors are decisive within each class.

Class formation in ICRA Systems
Online creditor voting in ICRA Systems

Creditor portal

Every creditor and stakeholder follows their own claim in a secure portal: verify the amount, discuss the claim and security position with the advisor or practitioner, and see in which class the claim is placed.

Online voting and voting report

Submit the draft and final plan to all stakeholders through ICRA Systems. Creditors vote in the portal and results are tallied per class in real time. The voting report for the court, supervisor or other parties is generated at the push of a button.

Due diligence room

Store all relevant documents and share them with every stakeholder at once or with individual parties. Everyone receives the same information at the same time.

Capital structure modelling in ICRA Systems

New capital structure and debt analytics

A restructuring should preserve the going-concern value of the business. ICRA Systems shows how that value is distributed among the parties entitled to it. Build the new capital structure from ordinary shares, preference shares and debt instruments, enter the economic and legal terms of each instrument and compare scenarios. Debt analytics and return overviews show whether the structure is sustainable and whether the plan meets the applicable legal requirements.

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