March 2016
More from this Issue
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The Next Distressed Cycle Is Now!
My last Reflections column in the Journal of Corporate Renewal was titled “Corporate Restructuring: Will the Force Awaken?” I’m here to tell you now that it has and we’re in the early stages of the new cycle. I write this having just returned from TMA’s biggest and best Distressed Investing Conference ever. Over 700 of […] -
Newcomers: March
Alabama James B. Bailey, Bradley Arant Boult Cummings LLP Daniel D. Sparks, Christian & Small LLP Arizona Jeffrey M. Hoelzel, Glocal Nexus Jim E. Zemezonak, Boulder Realty Advisors Brazil Fernando Nogueira, TCP Latam Roberto Profili, TCP Latam California – Northern Dan Clayton, Liquid Capital Silicon Valley Alex Dove, Heritage Global Inc. Matt Klinger, Sheppard Mullin Richter & Hampton […] -
Milestones
Howard Brod Brownstein of The Brownstein Corporation has been appointed as an independent director of Pico Holdings Inc., which has business segments that acquire and develop water resource and storage operations in the Southwest and real estate operations in California, Washington, North and South Carolina, and Tennessee. Since 2010, Brownstein also has served on the […] -
Baker A. Smith, CTP: Putting Poetry In Motion
Baker A. Smith, CTP, is a managing director in the Atlanta office of BDO Consulting LLC. He has more than 25 years of experience in crisis management, turnaround planning, corporate renewal, and strategic advisory services, and has advised company owners, management, lenders, creditors, and investors on significant corporate restructuring matters in a broad range of […] -
Demand for Concierge Healthcare Services Is on the Rise
When turnaround professionals take on the challenges of a financially distressed client, the first issue they often must address involves costs related to human resources. Chief among them are expenses for the company’s employees’ health benefits. In the last several years drastic changes have occurred within all aspects of the healthcare industry. “Obamacare” changed the […] -
Unwinding the Coils: When Liquidation Is the Only Option
With domestic steel prices hovering around their lowest levels since May 2009, many U.S. steel distributors and service centers (hereafter collectively referred to as service centers) find themselves facing unprecedented challenges. The combination of a strong U.S. dollar; weak demand stemming from the precipitous slowdown in investment related to the energy sector, which was a […] -
Global Economy, Production Levels Push Metals Prices to Historic Lows
Market prices for most steel, aluminum, and copper products are at or near historical lows not seen since early 2009 following the global financial crisis and resulting recession. Market barometers and the global economy indicate that the remainder of 2016 could experience further market price deterioration. Steel Market prices for coils, plates, bars, and most […] -
Hospitals, Healthcare in the Age of Obamacare
Although many of the provisions of the Patient Protection and Affordable Care Act, popularly known as “Obamacare,” did not take effect until several years after its March 2010 enactment, supporters and opponents would agree that Obamacare enacted sweeping and significant changes not only to the healthcare industry, but also to the structure of the economy […] -
The 503(b)(9) Administrative Claim Dilemma In 363 Sales
U.S. Bankruptcy Code Section 363 asset sales have become a favored bankruptcy alternative to the traditional Chapter 11 reorganization. One big reason is perceived cost savings. Because Section 363 sales generally are concluded much sooner than confirmation of a Chapter 11 plan, the associated costs are seen to be much lower. Judged by recent bankruptcy […] -
Controlling Exposure in Preference Actions
A customer’s bankruptcy often results in a sharp reduction to the value of the receivables owing from the customer. However, in addition to the drop in asset value, there can also be further liability when the bankruptcy trustee later demands the return of a significant amount of money that the trustee claims was paid to the […] -
Metals, Healthcare, Energy Sectors Face Significant Challenges
When I last served as guest editor for the JCR, we focused exclusively on an industry familiar to most turnaround practitioners—construction contracting. This time around, readers have the opportunity to dive into a wealth of knowledge spanning a number of current and pervasive topics impacting the turnaround and restructuring profession. Steve Roach and Ronald Spinner […]