In this Turnaround Square webinar, Certified Turnaround Professionals (CTPs) and experts from various corners of the turnaround field are coming together to discuss best practices, issues facing the profession, and more. The June 2023 issue of the...

Are Private Lenders Ready for a  Recession?
For those who survived the global financial crisis (GFC) in 2007 and 2008, the aftershock seemed inevitable—and indeed it was. The capital invested in the middle market by private equity firms is exemplary. In 2007 there were 6,374 private equity M&A deals closed, representing $650.9 million of...
My View
You just got off a call with the CFO of a portfolio company, who explained that there is a “short-term” liquidity issue; or you just got a quarterly reporting package, and there is a new EBIDTA adjustment request for another one-time expense, without which the company will fail its covenants. Maybe...
Emerging Concerns on ‘Independent’ Bankruptcy Directors, Zone of Insolvency &  DIP/Stalking Horse Sales
This article reviews issues emerging on the “independent” bankruptcy director, explores recent zone of insolvency trends, and outlines contemporary developments around the DIP/stalking horse. Independent Bankruptcy Directors Professor Jared A. Ellias of Harvard Law School has spearheaded recent...
Subchapter V: The Case for Turnaround and Restructuring Trustees
Over the last two decades Chapter 11 cases have become increasingly complex, expensive, and time-consuming. As a result, small business Chapter 11 filings had become an increasingly less attractive option for reorganization. To change that, the Small Business Reorganization Act (SBRA) added...
Creditworthiness Is in the Eye of the Beholder
In Shakespeare’s Hamlet (Act 1, Scene 3), Polonius offers some frequently repeated advice: “Neither a borrower nor a lender be; For loan oft loses both itself and friend…” Polonius’ logic is that hitching debt onto personal relationships can cause resentment and, in case of default, cost a lender...
Finding Profit in a Failing Business Requires Dedication to Change
In traditional engagements, turnaround and corporate renewal professionals present knowledgeable, predictable answers to management's fear of the unknown, focus attention on their intellectual challenges, and provide time-tested solutions to identify and solve external or internal contemporary and...
Leader Board: Jeffrey C. Hampton
TMA certification and education are two of the many ways that TMA as an organization provides such enormous value to its members. There is simply no place better than TMA in our turnaround and restructuring industry for unrivaled and exceptional certification and educational programs. TMA offers...
Pressures Continue to Grow in the Ag, Logistics Industries
This issue of the Journal of Corporate Renewal is focused on why being a Certified Turnaround Professional (CTP) or Certified Turnaround Analyst (CTA) can add value to your professional brand. When you earn the Certified Turnaround Professional or Certified Turnaround Analyst designation, you are...