Houlihan Lokey Restructuring Internship — 2026 Timeline

RX timeline and signals

RX recruiting tends to open early and favors candidates who can reason about liquidity paths. Your prep should include a simple 13‑week cash‑flow view, priority of claims, and a liquidation vs. going‑concern framing.

What to show in outreach

• One‑pager on a stressed issuer with a 3‑line liquidity analysis
• A short note on covenants and debt maturity walls
• Two questions about potential restructuring paths