March 2021
Feature Article
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For a Limited Time Only – COVID-Related Bankruptcy Code Amendments
On March 13, 2020, the president officially declared the COVID-19 pandemic a national emergency. In a matter of weeks, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as its initial legislative response to combat the economic fallout from the deadly virus. Exactly nine months later, on December 27, 2020, the Consolidated […]
More from this Issue
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Leading the Way Through Certain Uncertainty
As we journey deeper into a year of certain uncertainty, there is reason to be hopeful. The light at the end of the tunnel is clearer, in that we see the shape of the new normal, the new economy, and many innovative reforms that continue to shape TMA. The thirst to learn, create, and support […] -
Looking Forward to a More Normal ‘New Normal’
For some time now, the promise of an end to this “new normal” we’ve endured for nearly a year was beginning to sound a lot like the old “the check’s in the mail.” But as I write this, there is encouraging news about the progress being made with the global distribution and administration of COVID-19 […] -
Hot Topics in Insolvency
Amid the changing environment brought on the COVID-19 pandemic, ongoing issues in insolvency around the globe have continued to play out in recent months. In Europe, the UK made its long-anticipated break with the European Union, while Germany and the Netherlands have each enacted into law an EU directive concerning out-of-insolvency restructuring. In Canada, a […] -
For a Limited Time Only – COVID-Related Bankruptcy Code Amendments
On March 13, 2020, the president officially declared the COVID-19 pandemic a national emergency. In a matter of weeks, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as its initial legislative response to combat the economic fallout from the deadly virus. Exactly nine months later, on December 27, 2020, the Consolidated […] -
The ‘Brave New World’ of UK Insolvency Following Brexit
The UK left the European Union on 31 January 2020. The transitional period, during which EU law continued to apply to the UK and the UK was, in many respects, still treated as an EU member state, ended at 11 p.m. on 31 December 2020 (IPCD). At the 11th hour, the EU and the UK […] -
Supreme Court of Canada Affirms Litigation Funding as a Tool for Insolvency Practitioners
In today’s economic climate, insolvency practitioners must be diligent in preserving an estate’s assets and creative in identifying unrealized value. Insolvent entities occasionally have claims that, if properly resourced and advanced, could yield value for creditors and other stakeholders. However, litigation is uncertain and expensive. Recent guidance from the Supreme Court of Canada has opened […] -
The Race Is On to Be Europe’s ‘Preferred Candidate’ for Restructurings
For decades, companies in financial distress in Europe have faced different and at times difficult local laws for restructuring in each member state of the European Union. In most member states, only insolvency regimes offering court-led proceedings have been available. Such proceedings have not earned the reputation of being straightforward tools to implement going concern […] -
The Evolving Role of the Interim CFO
Whether a company is large or small, public or private, the role of the CFO is moving from reporting the past to anticipating the future—and managing the associated risks and opportunities. One consequence of this expanded role and the resulting higher expectations is greater turnover. Recent studies cited a 20% turnover rate among CFOs in […] -
Getting Creative: Lauren P. Berret
Q: Turnaround and restructuring professionals usually work boots on the ground. How has the pandemic and the resulting virtual environment affected your work? Berret: Everyone involved, from the courts to the professionals to the DOJ, has risen to the occasion and found ways to keep cases moving in real time. I think that says a lot about […] -
Newcomers: March 2021
Alabama Blakely D. Bacque‘ Atlanta David Ellington Jr., Renasant Business Credit Jeff E. Moore, JE Moore CPA PC Jay R. Patel Blake Tillis, Aurora Management Partners Inc. California – Northern Maxwell Kreutzelman, Cornell University Jeremy J. Wakamiya, Northwestern Mutual California – Southern Nishant Bubna, Transcom Capital Group Kiran Chaggan, Pepperdine University Kevin A. Erickson, Directed Capital Thomas Hayes, […] -
Milestones: March 2021
Peter Keogh and Howard Meitiner have joined Carl Marks Advisors as managing directors, and Jon Roberts has been promoted to director of compliance for Carl Marks Securities. Keogh brings more than 30 years of leadership experience in operations and finance, most recently serving as healthcare practice leader at Trident Consulting. Meitiner has international retail, healthcare, […]
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