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On March 13, 2020, the president officially declared the COVID-19 pandemic a national emergency. In a matter of weeks, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as its initial legislative response to combat the economic fallout from the deadly virus. Exactly...
John R. Rizzardi photographed by ©2021 Jason Sinn Photography,  www.jasonsinnphotography.com
Q: How did you gravitate into turnaround/restructuring work? Rizzardi: It was not by design. I began to practice law in 1979. In 1982, I was working at a four-lawyer firm in Auburn, a small town south of Seattle. The town’s senior lawyers regularly gathered for cocktails, and one night they learned...
2020 Bankruptcy Trends:  A Year in Review
After years of relatively few filings, the number of bankruptcy cases started to gradually tick upward in 2019. Despite unprecedented economic growth since the Great Recession, many investors and professionals had been anticipating a downturn, but it is fair to say that “global pandemic” was on...
TMA Town Hall for November 19, 2020

Real Problems in Real Estate, Troubled Hospitality & Retail Assets, sponsored by Ten-X Commercial

In this special, interactive TMA Town Hall, experts address distressed real estate assets, particularly in the hospitality and retail space.

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Leader Board: Jeffrey C. Hampton
One of my favorite pastimes at the end of the year is perusing retrospective reviews of noteworthy and historical events from the prior 12 months. Even back when I was in elementary school, I loved to review the various Top 10 lists on television and radio (the internet was not quite a thing yet)...
Pressures Continue to Grow in the Ag, Logistics Industries
Since the enactment of the U.S. Bankruptcy Code in 1978, there have been myriad economic cycles that have necessitated modifications in the way lending and restructuring communities operate, but nothing like the changes required by the onset of the coronavirus pandemic. This month’s JCR touches on...
Cover Image : Employee Culture
Peter Drucker famously stated, “Culture eats strategy for breakfast.” Strategies are like sand slipping between a CEO’s fingers in the economic roller coaster of 2020, where a pandemic, massive government stimulus, upheaval of work and home life, and restrictions on travel have changed how business...
Cover Image: Views from the Bankruptcy Bench
The COVID-19 pandemic has brought about dramatic economic and social change in the world, most particularly in human behavior, due largely to concerns about the threat to human health. The restructuring community has been no less affected, and U.S. Bankruptcy Courts have not escaped the wave of...
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Rent has presented a complicated puzzle during the pandemic for numerous landlords and tenants, and the solutions—inside and outside of Chapter 11—have been unconventional. As foot traffic evaporated due to restrictions prompted by health and safety regulations, and revenue fell precipitously as...
Cover Image Lenders Are Writing Their Pandemic Playbook in Real Time
While dealing with the personal and medical issues associated with the COVID-19 pandemic, few fully appreciated the global economic impact the health crisis would cause or what the “quick” solution would be to put the world economy back on sound footing. While the medical community dealt with the...