Best Practices for Financial Advisors in Bankruptcy Mediation
Many complex litigation and bankruptcy issues are best suited for discussion outside of the purview of the bankruptcy judge, and the parties would be well served to test the strengths (and weaknesses) of their positions in a mediation setting. Financial advisors play a key role in preparing their...
2021 TMA Distressed Investing Conference

From the 2021 TMA Distressed Investing Conference

Reorganizing under Subchapter V is less expensive for the debtor because certain administrative expenses that a small business would normally incur in a Chapter 11 case have been eliminated. Who is really eligible under the $7.5M...

2022 TMA Distressed Investing Conference

From the 2022 TMA Distressed Investing Conference

We’ve asked the experts, “a bitcoin for your thoughts?” Find out everything you need to know about crypto and blockchain. Understand the current trends, risks, and opportunities in this space. Is bitcoin a viable investment in the long...

Multiparty Negotiations: Finding Bargaining Power When Financial Resources Are  Scarce
One of the most common yet challenging tasks that turnaround professionals must perform are multiparty negotiations. These negotiations are particularly difficult when counterparties perceive likely outcomes to be generally negative or not beneficial to their own interest. When that is the case,...
Why the Expected COVID Restructuring  and  Bankruptcy Boom Fizzled—But  May Soon Materialize
In late March 2020, as the potential extent of devastation brought on by the COVID-19 pandemic was becoming clear, a headline in The New York Times declared: “Scary Times for U.S. Companies Spell Boom for Restructuring Advisers.” There were more than 8,000 permanent brick-and-mortar store closures...
Supply Chain Issues May Spur More Retail Bankruptcies In The Year Ahead
As most restructuring professionals would attest, 2021 was a historically slow year for corporate bankruptcy filings. Across the industry, filings in all chapters were down almost 25% from 2020 levels, and November 2021 recorded the fewest cases with a $10 million liability threshold since 2015...
Looking Backward for  Clues in Preparing for the Next Retail Cycle
These days, turnaround professionals are divided into two camps: on the one hand, there are those arguing that the next big wave of retail restructurings is just around the corner as the full economic fallout from the global pandemic takes its toll and government stimulus starts to fade away; and,...
TMA Town Hall for January 12, 2022

Director Independence in Bankruptcy

Maintaining director independence during bankruptcy proceedings can present challenges, as many incumbent board members may resign as a company’s fortunes decline, and recruiting new board members may be difficult.  Recent publications...

TMA Town Hall for December 8, 2021

Corporate Governance in Distress

A company’s board of directors is an essential element for planning and executing a successful bankruptcy reorganization. Turnaround professionals, and especially those who serve on boards, should have a good understanding of the legal and...

From The 2021 TMA Annual

Interested in what has occurred in the market and specific industries over the last 12-18 months, especially regarding the COVID-19 pandemic? Tune in as panelists discuss this, plus how they see pandemic fallout continuing to impact businesses today and what it...