On November 17, TMA NOW held its second educational luncheon of the year at Petterino’s. The luncheon provided participants the opportunity to listen to a panel of esteemed peers discuss the ABI Commission Report and its impacts to restructuring professionals and creditors alike. The panelists included Faye Feinstein, Quarles & Brady; Mike Egan, Monroe Capital; and Nancy Ross, High Ridge Partners. The panel was moderated by Harold Israel with Goldstein & McClintock.
While the ABI Commission Report’s proposed changes to the bankruptcy code have not yet been enacted or approved by Congress, it is important that TMA professionals have a general understanding of its impact as it affects many parties in a restructuring. The panelists discussed topics such as small and medium size cases, Section 363 sales, lender provisions such as inter-creditor agreements and post-petition financing changes and the impacts on credit bidding. The event was attended by about 40 professionals who traveled through the rain to get insight on what this ABI Commission report is all about!
The feedback from the attendees was positive and the information well received. The panel did a great job taking such a broad topic and summarizing its key points. TMA NOW was lucky to have such a balanced group of attorneys, bankers and financial advisors participate.
By Neema Thachet Varghese, NV Consulting Services