It is rare that you find a restructuring professional without an opinion (or two) on an insolvency topic, but when we started to plan this month’s issue of the JCR , the reactions were more restrained. Given the continuing struggle between federal and state law, many U.S. practitioners didn’t know...
Family businesses have evolved significantly since their humble agrarian beginnings. Over time, family businesses have become increasingly complex and, for many, the bucolic family farmhouse has been replaced by corporate boardrooms. Today, family businesses are a critical part of the U.S. economy...
Last year, when I sat down to write the guest editor’s column for the 2020 healthcare issue, we were reeling from a pandemic that not only was straining our already overtaxed healthcare system but also exacerbating the socio-political fissures that have dominated headlines, created misinformation,...
I sit writing this column at a desk looking out over the sea in Port Erin, Isle of Man. After 15 months of restrictions, I am once more finally at my mother’s home and, as the place I grew up, in my “hometown.” If all goes well, day-to-day life on the Isle of Man is a foretaste of what should very...
In this month’s issue of the Journal of Corporate Renewal , we turn to the retail industry. Over the past year, we saw the COVID-19 pandemic not only create new challenges for the industry but also exacerbate existing industry headwinds and shifting consumer habits. The upshot is that we saw the...
This issue of the Journal of Corporate Renewal focuses on hospitality, which unquestionably was one of the hardest hit sectors during the COVID-19 pandemic. With almost no warning during early March 2020, hospitality owners, lenders, management companies, and investors were hit with an...
A little over one year ago, just as the country was heading into a period of unprecedented turbulence caused by the COVID-19 pandemic, the Small Business Reorganization Act (SBRA) went into effect on February 19, 2020. Before SBRA, struggling businesses considering bankruptcy had two options:...
Amid the changing environment brought on the COVID-19 pandemic, ongoing issues in insolvency around the globe have continued to play out in recent months. In Europe, the UK made its long-anticipated break with the European Union, while Germany and the Netherlands have each enacted into law an EU...
It is typically easy to determine how and why a business became distressed. After all, this analysis is frequently made after the fact and is fully informed by 20/20 hindsight. The difficult part is predicting the future and, through much of 2020, determining when various asset classes would emerge...
Since the enactment of the U.S. Bankruptcy Code in 1978, there have been myriad economic cycles that have necessitated modifications in the way lending and restructuring communities operate, but nothing like the changes required by the onset of the coronavirus pandemic. This month’s JCR touches on...
