Events

Central Texas Chapter Event
Facebook Twitter LinkedIn Email Share

WEBINAR - UCC Article 9: Extracting Business Value from Distress

Thursday, January 28, 2021 - Thursday, January 28, 2021
12:00 PM - 1:00 PM CST
Online Webinar
Austin, TX United States
Thursday, January 28, 2021 - 07:00 to 08:00
Add to Calendar


Please join us on Thursday, January 28, 2021, for “UCC Article 9: Extracting Business Value from Distress,” a special webinar focusing on the use of Article 9 of the Uniform Commercial Code as a tool for business preservation. Aaron Todrin, President, and Robert DiNozzi, Director of Business Alliances and Growth, Second Wind Consultants, will present, and the program will be moderated by Michael Parker, Partner, Norton Rose Fulbright.

As a streamlined alternative to bankruptcy or ABCs, a strategic UCC Article 9 short-sale of business assets can resolve and relaunch a business operation, predictably and efficiently, requiring only the consent of the senior creditor and defaulting borrower. Through a senior lender’s Article 9 sale of ‘in-use’ assets, an uninterrupted and unencumbered business operation can be passed into a new legal entity, under new ownership.

This interactive webinar will provide attendees with an overview of how the use of an Article 9 sale can be beneficial for business preservation, giving the seller incentive by providing the opportunity to earn from the new business in a non-ownership capacity and giving creditors the chance to increase recovery value on defaulted loans. 

This event is complimentary to members and non-members.  Zoom log-in instructions will be sent with registration confirmation and then again prior to the event.

Date:
Thursday, January 28, 2021

Time:
12:00 - 1:00 p.m.

Cost:
Members: $0
Non-Members: $0

Location:
Zoom Webinar. 


There are two steps to register:

1) Register here by 11:00 a.m. on January 28.

2) Registrants will then receive an email from Zoom. Please use this email to pre-register on Zoom for the event. You will receive a confirmation email from Zoom that includes a login link and will include the option to add this event to your calendar.






Aaron Todrin
President

Second Wind Consultants, Inc.

Aaron Todrin is the President of Second Wind Consultants, Inc. (“SWC”), a business consultancy that specializes in transactional based debt workouts. SWC has transformed Article 9 of the Uniform Commercial Code from a liquidation tool to a business preservation model that operates as an efficient and effective alternative to Chapter 11 reorganizations, ABCs, or other turnaround methodologies. Businesses are preserved through the transaction, debt is wiped off the assets, and creditors recover maximum value in the face of extreme financial distress, or even business closure. 

Mr. Todrin is also an active attorney - he practiced in the Federal Bankruptcy Courts in Boston, Massachusetts for six years, which is the source of his firsthand exposure to the inefficiencies and downright failures of the Bankruptcy Code. He has led SWC in conducting approximately 1,600 Article 9 Reorganizations in the last 11 years. He holds a bachelor’s degree in Business Administration from American University in Washington, D.C., and the J.D. from New England Law in Boston, MA.



Robert DiNozzi
Director of Business Alliances and Growth
Second Wind Consultants, Inc.


Robert DiNozzi serves as Director of Business Alliances and Growth for Second Wind Consultants, overseeing brand strategy and all value-added relationships with lenders, investors, business intermediaries and other stakeholders. Prior to Second Wind, Mr. DiNozzi spent 18 years in Hollywood as a feature film producer and executive, overseeing the creative development and structured finance of film projects at MGM, Paramount, Warner Brothers, Walt Disney, Universal and other studios and production entities including Ron Howard’s Imagine Entertainment and Kopelson Entertainment.





Michael Parker (Moderator)
Partner
Norton Rose Fulbright

For more than 20 years, Michael Parker has focused his practice on bankruptcy and insolvency-related litigation and workouts in a broad range of industries. He has considerable experience representing large and small buyers of distressed assets in bankruptcy court and federal district court.  

Michael has represented individuals, groups, corporations, private funds and private equity buyers in their acquisitions of distressed commercial assets, including hospitals and health care assets, and their defense of avoidance actions. He has helped financial institutions and other secured lenders maximize the value of their positions and return on capital in bankruptcy sales under section 363 of the bankruptcy code and through opposition to, or negotiation of, plans of reorganization.  He regularly represents a Real Estate Investment Trust ("REIT") with hundreds of millions of dollars in assets, in the REIT's efforts to position itself to maximize its recovery on distressed, commercial, and real property assets in the REIT's portfolio. He represents plan, liquidation, Chapter 11, and Chapter 7 trustees in complex bankruptcy and commercial litigation disputes, contract counterparties, and large unsecured creditors in their attempt to maximize recovery and minimize damage. 

Previously, Michael served as a briefing attorney for the Honorable Ronald B. King, United States Bankruptcy Judge for the Western District of Texas; as a law clerk for Hon. John Cornyn, Associate Justice of the Texas Supreme Court (now a U.S. Senator); and as a law clerk for Hon. Lloyd Doggett, Associate Justice of the Texas Supreme Court (now a U.S. Representative).

For more information, contact:

Jenny Garcia
Chapter Executive
512-587-6972

UPCOMING EVENTS

Chapter Events

Jan
28
Central Texas Chapter Event

WEBINAR - UCC Article 9: Extracting Business Value from...

Austin, TX United States
Jan
27
Global Event

TMA Town Hall: R.I.P. 2020 and Outlook 2021, presented by...

,
Feb
4
Global Event

Restructuring Boot Camp: Two-Part Certificate Program -...

Feb
23
Global Event

2021 TMA Distressed Investing Conference

EVENTS CALENDAR

S M T W T F S
 
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
12
 
13
 
14
 
15
 
16
 
17
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31
 
 
 
 
 
 
 

Benefits of a TMA Membership

"I've gotten a number of legitimate, 'for sure wouldn't have got the deal but for TMA' deals over the years."

-Brian Van Nevel, Spectrum Commercial Services Company, TMA Minnesota