The TMA Florida Chapter’s Winter Conference included a panel discussion of turnarounds in higher education, a sector where significant distress has occurred and is expected to continue over the next decade. As if to punctuate the point, shortly after the conference Argosy University abruptly closed...
Of late, there has been a noticeable trend of decreasing risk-adjusted returns on commercial debt offerings, given the abundance of dry powder in the corporate finance industry and a dwindling number of attractive deals. In efforts to find greener pastures, a small number of financial institutions—...
Thomas Jefferson recognized more than a century ago that “agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals and happiness.” Today, agriculture, food, and related industries contribute more than $1 trillion to U.S. GDP. They account for more...
The financing of a commercial farming operation presents unique issues for lenders, regardless of their status as secured, potentially secured, or unsecured. 1 Many of these issues are intrinsic to production agriculture. Others are the product of special legislation. Still others are attributable...
Many insolvency industry gray beards who live in states where agriculture is a major industry will remember the 1980s farm crisis. That’s when agriculture loan default rates exceeded 6 percent, many family farms were lost forever to foreclosure, Farm Aid Concerts were held to help financially...
Times were good for U.S. corn producers back in 2012, when prices stood at $7 a bushel. But since then, producers have watched as $7 fell to below $4, where prices have remained for nearly five years. Like corn, other farm commodities are also feeling the pain of depressed prices. Soybeans, wheat,...
Financial publications such as the Wall Street Journal have been running articles on rising distress among agricultural producers. Many turnaround professions, particularly those in the Midwest, have seen an uptick in the number of farm bankruptcies and foreclosures. While it does not appear this...
It is interesting that most of the press coverage in senior living cites an increase in volume from baby boomers aging into the space. Typically, these articles note that 10,000 people will turn 65 every day for years to come. While some believe that the heaviest baby boomer influx might still be a...
The Polsinelli/TrollerBK Distress Indices reflected a substantial increase in healthcare distress in 4Q 2018, even as the general index showed only a slight increase in bankruptcy filings and the real estate index fell. The Health Care Services Index stood at 550.00 in 4Q 2018, topping the previous...
General Motors announced on November 26, 2018, its intention to end production at five plants in the United States and Canada by the end of 2019. Press coverage focused primarily on the immediate and direct expected loss of jobs. Political commentary and reaction were also prevalent, given the...
