Subchapter V, ABCs Are Key Tools for Troubled SMBs
By A. Kumar Singla, Managing Director, Sherwood Partners Inc. & Erik B. Weinick, Member, Otterbourg P.C.
As economic calamities in the U.S. dominate the headlines, and the media focus relentlessly on the supposed demise of the retail, hospitality, and other industries, businesses of all sizes are forced to contemplate their futures. In particular, small and medium-size businesses (SMBs), as well as...
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Kumar Singla is a managing director at Sherwood Partners Inc., based in the firm’s New York City office. He has experience in various roles, including in- and out-of-court restructurings, interim management, asset sale transactions, creditor negotiations, capital raising, and assignments for the benefit of creditors (ABCs). Singla has successfully restructured businesses and maximized values for numerous distressed assets in the life sciences, biotechnology, and other industry sectors. He holds a bachelor’s degree from Georgetown University and an MBA from the University of Michigan.
Erik B. Weinick is a member of Otterbourg P.C., where he focuses his practice on bankruptcy, litigation and privacy/cybersecurity. His clients include fiduciaries, financial institutions, start-ups, and individuals. A graduate of Cornell University and Cornell Law School, Weinick is admitted to practice in Florida and New York, and is a frequent writer and speaker on current topics in bankruptcy, litigation, and cybersecurity.