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Houlihan Lokey Restructuring Interview Questions
Use this free spoken-practice plan for a Houlihan Lokey restructuring interview. It is a practice structure, not a prediction of what any interviewer will ask.
The drill
- 5 minutes - capital structure. Describe a simple debt stack from secured debt through equity and explain priority.
- 7 minutes - liquidity. Explain how you would assess near-term liquidity and which operating and financing inputs matter.
- 6 minutes - valuation. Compare enterprise value with the claims in the capital structure and explain who may be impaired.
- 6 minutes - restructuring tradeoff. Compare one out-of-court option with one in-court option and state who benefits or gives something up.
- 6 minutes - repeat. Repeat unclear answers in 60-90 seconds, defining each term before using it.
What to prepare outside the workbook
- A specific answer for why Houlihan Lokey and why restructuring
- One recent restructuring or liability-management situation you can explain
- Your resume walkthrough and two concise experience stories
- A current credit-market view
This is independent interview practice. It is not official firm material and is not affiliated with or endorsed by the named firm.