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Case 1:20-bk-12043 Doc 122 Filed 07/29/20 Entered 07/29/20 15:35:30 Desc Main <br /> Document Page 3 of 8 <br /> Debtors request that FTI be retained to perform the services described in this Application on the <br /> terms set forth herein. <br /> BASIS FOR RELIEF REQUESTED <br /> 7. The Debtors have selected FTI to act as Bankruptcy Consultant for the Debtors in <br /> these cases because FTI has considerable experience in insolvency and bankruptcy matters, <br /> including consulting for debtors in complex Chapter 1 1 Cases. <br /> 8. In preparing for these Chapter 11 Cases, FTI has worked with the Debtors and <br /> become familiar with the Debtors' business affairs, capital structure, and many of the potential <br /> financial and economic issues that may arise in connection with these Chapter 11 Cases. In <br /> selecting FTI as their Bankruptcy Consultant, the Debtors considered FTI's knowledge of the <br /> Debtors' operations and finances and their expertise and experience in reorganizations. FTI has <br /> served as a consultant,chief executive officer,chief financial officer and chief restructuring officer <br /> for multiple companies, both in bankruptcy and non-bankruptcy situations. <br /> 9. FTI's depth of experience in business reorganizations and financial management <br /> and their familiarity with the Debtors makes it uniquely qualified to deal effectively with the legal <br /> issues that may arise in the context of the Debtors'reorganization process. Therefore, the Debtors <br /> believe that FTI is well qualified to serve as the Debtors'Bankruptcy Consultant and that retention <br /> of FTI is in the best interests of the estates. <br /> 10. FTI's services are necessary to enable and assist the Debtors in performing their <br /> duties as debtors and debtors-in-possession relating to the day-to-day operations of the Debtors as <br /> well as all bankruptcy specific matters, including, but not limited to, preparing schedules and <br /> statements of financial affairs and assisting the Debtors and their professionals in the management <br /> of the Debtors' reorganization. <br /> 3 <br />