By Mark Manski, Principal, Mark Manski LLC; Allen G. Kadish, Partner, DiConza Traurig Kadish LLP & Rachel Ehrlich Albanese, Senior Counsel, Akin Gump Strauss Hauer & Feld LLP
Once a distressed business and its advisors have concluded that an out-of-court restructuring will not satisfactorily resolve a debtor’s financial difficulties, the company frequently begins planning to seek relief under the U.S. Bankruptcy Code. The code provides debtors and creditors with a...
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Mark Manski is founder and principal of Mark Manski LLC. He provides a range of financial restructuring advisory services to the financial services industry and to companies in distress, capital growth, or entrepreneurial situations. Manski has led workout units for several financial institutions, has led or been a member of senior executive management teams of companies in distress, has sat on several boards of directors/LLC advisory committees, and has been a member of a number of unsecured creditors’ committees.
Allen G. Kadish is a partner with DiConza Traurig Kadish LLP in New York. His practice includes business law, corporate crisis management, complex transactions, Chapter 11 restructurings, workouts, creditors' rights, and business litigation, and covers a wide range of industries. Kadish currently serves as chairman and is past president of the TMA New York Chapter. He holds a bachelor’s degree from Rutgers College and a law degree from the Benjamin N. Cardozo School of Law at Yeshiva University.
Rachel Ehrlich Albanese is senior counsel in the Financial Restructuring group of Akin Gump Strauss Hauer & Feld LLP. She is experienced in representing debtors, secured and unsecured creditors, equity holders, and purchasers, and handles a wide range of restructuring matters, including Chapter 11 cases, out-of-court workouts, and cross-border insolvency proceedings. Albanese holds bachelor’s and law degrees from the University of Pennsylvania, where she was editor-in-chief of Penn Law’s Journal of International Economic Law.