In the world that is our new normal, actual, anticipated, or deferred loan defaults are swirling around everywhere. Are best practices that were employed just months ago applicable to today? With a whirlwind of borrowers...
Show me the money, but beware that it may come at a price. Learn about the problems and pitfalls that lenders, unsecured creditors, and other parties pose in the quest to finance a turnaround. Learn more about stub rent,...
Can a chief restructuring officer (CRO) continue to be an effective and efficient resource for lenders in this new normal environment? The short answer is “absolutely.” But the longer answer is complicated. Workouts of lenders’ distressed credits aren’t going away, and in fact, they most likely...
As a result of the COVID-19 pandemic, most people have had to adjust to the new normal of working remotely. Most nonessential offices and businesses began shutting their doors in mid-March. The uncertainty of so many different facets of everyday life being turned upside down was stressful to many,...
The COVID-19 pandemic has created winners and losers, often penalizing and benefiting entire industries on the basis of how their respective operations, products, and services fit into the new business environment. This phenomenon poses a challenge to business leaders sifting through myriad factors...
The COVID-19 pandemic has wreaked havoc on large portions of the American economy. Small and mid-size businesses have felt the greatest impact, because they generally have less cash flow and access to capital markets that can allow a company to weather a severe business interruption like that...
Most middle market lenders probably paid little attention when the Small Business Reorganization Act (SBRA)—popularly known as Subchapter V, referring to the new Subchapter V of Chapter 11 of the Bankruptcy Code—took effect in February 2020. Only businesses with combined secured and unsecured debts...
The COVID-19 pandemic has created a seismic shock to the economy, slowing and in many cases stopping the gears of commerce. The resulting drop in demand for products and services has been dramatic, with U.S. GDP contracting 33% in the second quarter of 2020. This, in turn, has given rise to an...
"Clocks slay time... time is dead as long as it is being clicked off by little wheels; only when the clock stops does time come to life" - William Faulkner Though Faulkner wrote these words close to a century ago, their meaning is uncannily prescient during this pandemic. COVID has permeated almost...
