About the Program
Most prognosticators are predicting that there will be an increase in chapter 11 bankruptcies in the lower and middle market after the government stimulus programs come to an end. How does bankruptcy work? What happens if my counterparty files for bankruptcy? How do I mitigate counterparty risk? Do I get to keep control of my company if it files for chapter 11 bankruptcy? Please join us on August 19th at 4:00 pm (CDT) for "Bankruptcy 101", an introduction to the Bankruptcy Code. Harold Israel of Levenfeld Pealstein, LLC and Chris Ciannella of Grant Thornton will provide a high level summary of the Bankruptcy Code from a legal and financial perspective. Whether you need a refresher or have no bankruptcy knowledge, please join us to learn the core concepts and impacts of bankruptcy.
Harold D. Israel, a partner at Levenfeld Pearlstein, LLC, helps achieve creative solutions for companies facing financial difficulties by obtaining unexpected results in a practical, responsive and effective manner in workouts (in-court and out-of-court) and reorganizations throughout the United States. In addition, Mr. Israel assists companies seeking to expand their business base by buying financially troubled companies and assists creditors in recovering their unpaid claims. Mr. Israel has been recognized by Chambers as a "ranked practitioner", is included in The Best Lawyers in America, 19-25 editions (2013-20) and Illinois Super Lawyers (2019-20) for his work in the practice area of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law. Mr. Israel served on the TMA Global Executive Committee and Board of Trustees, and was a Past President of the Chicago/Midwest Chapter of the Turnaround Management Association, and was a past Chair of the Bankruptcy and Reorganization Committee of the Chicago Bar Association.
Chris Ciannella, a director in Grant Thornton's Strategic Solutions Practice and has over 22 years of experience advising companies on profit improvements, corporate turnarounds, bankruptcies, insolvencies, M&A due diligence and self-side advisory. Chris has worked on middle market companies and has served in a wide variety of roles including assignee and chief restructuring officer. Chris is an active member with the Turnaround Management Association where he has been a co-chair on the Education Committee for the past two years.
Chris is a CPA and holds a BS in accountancy from Northern Illinois University and a MBA from the University of Chicago, Booth School of Business. Chris is also a veteran of the U.S. Navy.
4:00 pm - 5:00 pm - Presentation
5:00 pm - 6:00 pm - Networking
At the completion of the presentation, attendees are invited to a virtual networking hour. Microphones and cameras will be enabled and attendees will be sent to Zoom Rooms to foster more intimate networking throughout the hour. No special agenda in these breakout rooms, just "a beverage-friendly" hour to enjoy some casual networking in order to meet other members and guests you may not have met before!
Attention Non Member/Guests: Rather than paying the $25 guest fee, consider becoming a member of the TMA Chicago/Midwest Chapter at no cost! TMA currently has a 90-day free trial membership. Simply complete a short application and you will become a member for 90-days at no cost PLUS you get to attend the Bankruptcy 101 program for free.This offer expires July 31st. For a copy of the Trial Membership Application, please contact Sue Fischer at the TMA Chicago/Midwest Chapter office.