January/February 2017
More from this Issue
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Strengthening Global Connections
It is a time of year filled with both reflection on accomplishments achieved and anticipation of new opportunities that lie ahead. As your 2017 TMA Global president, I am honored with the confidence that TMA has expressed in me and am mindful of both the challenges and opportunities that lie ahead for our organization and […] -
Hanjin Is a Cautionary Tale for Distressed Investors
It has become increasingly common for foreign companies subject to pending insolvency proceedings abroad to utilize Chapter 15 of the U.S. Bankruptcy Code to achieve their global restructuring goals. However, despite the growing number of Chapter 15 cases, uncertainty remains as to the role of Chapter 15 when the rights of creditors vary in different […] -
David Enghauser: The Right Ingredients
David Enghauser is a senior vice president with MB Business Capital. Based in Chicago, he is responsible for underwriting new senior debt facilities of $5 million to $50 million typically used for acquisitions, recapitalizations, refinancings, debt restructurings, growth financing, debtor-in-possession financing, or turnarounds. With 20 years of banking experience, he works closely with a borrower’s […] -
Putting the ‘Profit’ Back in ‘Nonprofit’
The nonprofit sector is an important component of today’s society. Included within this sector are most of the nation’s premier hospitals and universities; orchestras; theater and opera companies; all religious congregations; family and children’s services, neighborhood development, antipoverty, and community health services organizations; professional associations; labor unions; and social clubs. The term “nonprofit” is something […] -
New Jersey Chapter Awards $5,000 in Scholarships in Rutgers Law School Competition
The TMA New Jersey Chapter recently awarded $5,000 in scholarships to the winners and runners-up in the inaugural Hon. Rosemary Gambardella Scholarship Competition held at Rutgers Law School in Newark, New Jersey. Members of the chapter’s NextGen and Network of Women (TMA NOW) Committees prepared the hypothetical case for the students, and judges for competition […] -
Milestones
Arnold & Porter LLP and Kaye Scholer LLP have merged, with the combined firm known as Arnold & Porter Kaye Scholer LLP. With more than 40 bankruptcy and corporate restructuring lawyers, the firm’s practice advises on a full spectrum of insolvency and distressed situations, and members of the combined group have been involved in a […] -
Newcomers: January/February 2017
Alabama Frederick Aderholt, Warren Averett Kimbrough & Marino LLC John R. Doody Jr. Arizona Jeromy Cushing, Liquid Capital Funding Solutions Kevin B. Elliott Philip Giles, Pite Duncan LLP Wayne R. Lorgus, B2B CFO Jordan Medl, Resolute Commercial Services Dan Shorr, SMS Financial LLC Robert Strauss, FTI Consulting Atlanta Radha Gordon Sean Lelchuk, Far West Capital California – Northern […] -
Getting Paid to Play: Incentivizing Distressed Investors to Participate in a Sale Process
Distressed investors often spend hundreds of thousands, or even millions, of dollars conducting diligence, negotiating transaction documents, and participating in uncertain auction and legal proceedings. The process is not for the faint of heart. A distressed investor may end up with the proverbial goose egg after spending substantial time and resources because of different variables. […] -
One Turn Too Tight: Lenders as Special Members in Bankruptcy Remote Structures
In distressed situations and workouts, lenders often trade forbearance and additional funding for concessions that make it easier to foreclose if the debtor commits new defaults or files a bankruptcy. Two recent Bankruptcy Court decisions refused to enforce provisions in forbearance agreements that aimed to block bankruptcy filings by the debtors.1 In both cases, the […] -
2017 Likely to Bring Change—and Opportunities
This is now the third year that I have had the honor to serve the TMA as guest editor of the Journal of Corporate Renewal, and while every year has its unique issues, both positive and negative, I do not recall seeing a year in which the United States has been so divided in almost […]