When a company is on the bankruptcy highway, one of the goals is to exit as quickly and smoothly as possible, leaving the uncertainty of the process behind and putting all of management’s time into optimizing the business. It’s no wonder, then, that two recent ultrafast bankruptcy cases have caught...
Lenders often favor putting a restructuring process on the fast track. However, in situations involving real estate, it is important to balance the need for speed with the potential risk of signaling to buyers that the disposition is, in effect, a fire sale. Asset value depends on marketplace...
When Kmart was first faced with bankruptcy in February 2002, its leadership was committed to addressing its operational challenges in an aggressive manner. The team enacted a “fast-track emergence” plan, with the goal of exiting bankruptcy by July 2003. Today’s retail restructuring environment...
Chapter 11 offers debtors and debtors in possession numerous protections and benefits, including, perhaps most significantly, the concept of a “fresh start” for individuals and entities that submit to the process. Pursuant to Section 1141(d)(1) of the U.S. Bankruptcy Code, when a Chapter 11 plan of...
On April 19, 2019, Bankruptcy Judge Robert D. Drain of the Southern District of New York announced his much-anticipated ruling determining the appropriate rate of interest on the replacement notes issued under Momentive’s Chapter 11 plan. The ruling culminated a cramdown contest that had weaved its...
TMA SoCal is a proud Co-Sponsor of LABF's Annual Holiday Party Registration and additional details available on the LABF website: CLICK HERE Advance Registration: Members of Sponsoring Group: $125* NonMember: $155 Government Employees/Students: $50 On-site registration available, space-permitting,...
Please call (646) 932-5532 to contact the New York City Chapter Office or send an email to: Sarah Kuhns Chapter Executive newyorkchapter@turnaround.org or Chapter Support admin@tma-nyc.org
next Gen NEW MEMBER EVENT Join us for our annual TMA Toronto next Gen Patio & Charity event and meet and connect with new and current members, colleagues and friends in the restructuring industry Assembly Chef's Hall 111 Richmond Street West, Toronto, ON 5:30 PM - 8:30 PM
2019 Chapter Turnaround of the Year Presentation Thursday, November 21 (4 - 6:30pm) @ Minneapolis Club SIVYER STEEL CORPORATION Navigating through Troubled Waters to a Safe Harbor for Stakeholders This year’s Turnaround of the Year award will be presented to Turning Point Management Advisors for...
In a world where technology is constantly and rapidly changing and companies’ technology budgets are rising, it is as critical as ever for companies to be vigilant in their review of their technology contracts. As technology costs represent 2% to 7% of a company’s revenue, according to a 2016-17...
