July/August 2018
Feature Article
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The 1, 2, 3s of ABCs
An assignment for the benefit of the creditors (ABC) has become an increasingly well-known insolvency process. While an ABC may have certain advantages for a particular company over other insolvency alternatives (e.g., a bankruptcy filing, foreclosure), the facts of each situation should be well understood and assessed by a company’s board of directors and officers […]
More from this Issue
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TMA’s Global Impact on Display in Amsterdam
To outsiders, the world of turnarounds and restructurings can seem like a vast industry of disparate professionals with numerous specializations spread across the globe. In reality, our world is actually a small, tight-knit community that is closely connected through a network of dedicated and diverse professionals who share a common goal of corporate renewal and […] -
Milestones
Chiron Financial LLC has opened a new European headquarters in Paris to be led by Alban Meteyer, a vice president with the middle market investment banking firm. The new office serves businesses in western continental Europe, including France, the U.K., the Netherlands, Germany, Italy, Spain, Portugal, and Belgium, in industry sectors that include green energy, […] -
Newcomers: July/August 2018
Alabama Nicholas C. Glenos, Bradley Arant Boult Cummings LLP Arizona Matthew H. Sloan Atlanta Laura DiBiase, Miller & Martin PLLC Llewellyn R. Hall, FTI Consulting Ernesto Moran, UPS Capital Corporation Brian Stewart, Bibby Financial Services Inc. Carolinas Tim Jordan, Valtegra Group Chesapeake Kristine Clark Chicago/Midwest Kevin Breckenfelder, FocalPoint Partners LLC Matthew A. Clemente, Sidley Austin LLP Catalin […] -
Jacques H. Belét III, CTP: Horsing Around
Jacques H. “Jac” Belét III, CTP, is president of The Belét Group Inc., based in Memphis, Tennessee, with staffing throughout the United States. He has done turnarounds and corporate restructurings of middle market companies for 35 years and has an in-depth background in creditor and debtor representation in both bankruptcy and out-of- court restructurings. Belét has […] -
Cleanup in 11: Central Grocers Inc. and the SVT Grocery Chain
In February 2017, Strack and Van Til Supermarkets (SVT) retained the authors’ firm to address liquidity challenges and performance issues. Little did anyone appreciate at the time the severity of the issues the grocery store chain faced or that this case would become such a complex and multifaceted bankruptcy. With nearly $1 billion in annual […] -
Article 9 Sales Offer Alternative to Judicial Processes
The Uniform Commercial Code (UCC) provides a framework to allow a secured party to foreclose its security interest in personal property after a default without judicial proceedings. The secured party may then proceed to take possession of the collateral and render it unusable or dispose of it on the debtor’s premises. The secured party can […] -
Receiverships: An Often Overlooked Tool for Resolving Complex Disputes
Complex commercial and property cases can turn on issues that are not easily resolved by conventional litigation. But the law offers a path out of the thicket. Receivership is a tool that is often overlooked in complex disputes. Working with the court, receivers can provide the structure, guidance, and legal remedies that parties cannot marshal […] -
The 1, 2, 3s of ABCs
An assignment for the benefit of the creditors (ABC) has become an increasingly well-known insolvency process. While an ABC may have certain advantages for a particular company over other insolvency alternatives (e.g., a bankruptcy filing, foreclosure), the facts of each situation should be well understood and assessed by a company’s board of directors and officers […] -
Bankruptcy Alternatives
A troubled company often reflexively perceives a bankruptcy filing as the prototype solution to its financial distress. Bankruptcy is an important and powerful tool to address insolvency—providing for an automatic stay, the sale of assets free and clear, confirmation of a plan over the objection of creditors, and discharge of debts. A bankruptcy, however, has several […]
Snapshot Article
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October 15 – 18, 2024
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