The Journal of Corporate Renewal
July 2010
Judicial Backlash Adds to Challenges Faced by Lenders
As aftereffects from the financial meltdown of 2008 continue, the lasting implications on the credit markets are still being examined. What is clear is that a new lending environment has emerged, one that has created challenges for both lenders and borrowers.
Darkest Days for DIP Financing Appear to Be Over
The American economy has recently demonstrated dramatically how quickly capital markets can tighten and how quickly that restriction can reverse itself.
Specialty Finance Companies Offer Alternative to Traditional Lenders
The massive dislocation in the credit markets over the past couple of years has provided new opportunities for specialized investors who are actively working with companies, private-equity firms, and turnaround consultants to provide capital to businesses that have been trying to survive the economic downturn.
Dirt-for-Debt Plans Reemerge Amid Falling Real Estate Prices
Dirt-for-debt plans occur in real estate bankruptcy cases when a developer has several tracts of land that are secured by first-lien and sometimes second-lien financing. Dirt-for-debt plans propose to convey all or a part of the collateral (or sometimes, substitute collateral) to a lender in full satisfaction of its debt; hence the phrase “dirt-for-debt.”
Being an Expert Witness—It’s Not Like TV
For those of us who watch “Law and Order” perhaps a bit too often, it may be tempting to assume that the job of expert witnesses is to exude guru-like confidence on the witness stand while sending witty zingers back at opposing counsel when they dare to cross-examine them. In reality, that can’t be further from the truth.