May 2020
More from this Issue
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Pressures Continue to Grow in the Ag, Logistics Industries
As guest editor of this issue of the JCR, in early February I began formulating topics that focused on the challenges faced by the agriculture and transportation industries. Final submissions were due March 10. On March 11, the NBA abruptly suspended its season, Tom Hanks announced he had tested positive for COVID-19, and our entire […] -
As Global Crisis Unfolds, TMA Membership Is a Necessity
The relevancy of an organization is different at different points in time. A few years ago, TMA was struggling to grow its membership, as the elongated period of post-2008 prosperity continued. Yet we persevered because the professionals who comprise TMA Nation knew the value of membership, networking, and support of each other even when the […] -
No Better Time than Now to Be Part of the TMA Community
I am writing this article as I stare out over my backyard, having spent, yet again, another day working diligently from my home office. Despite being at home now for almost six weeks, the ongoing “new normal” of home quarantine doesn’t really feel so normal, and I hope for all of us that it never […] -
Squeezed by Constantly Evolving Supply and Demand
When people think of agriculture, they think of long-term businesses in steady markets. They think of family-owned businesses passing from generation to generation. They think of farmer-owned cooperatives serving their members and feeding the world. That has been changing in a dramatic manner over the past few years, and the squeeze between supply and demand […] -
Working with Distressed Agricultural Cooperatives
Today’s volatile and uncertain economic environment is taking a toll on agricultural producers and cooperatives, creating both opportunity and challenges to the financial services organizations that support these vital businesses. Cooperatives, or co-ops, are privately held businesses owned and controlled by the people or companies that use their products, supplies, or services. These member-owners also […] -
Will Chapter 12’s New Debt Limit Fuel a Cramdown Express?
On August 23, 2019, President Trump signed into law the Family Farmer Relief Act of 2019, which increased the debt limit under Chapter 12 of the U.S. Bankruptcy Code to $10 million from about $4.15 million. This means that Chapter 12 is now a viable option for larger family farming operations, which previously were limited […] -
The Marine Industry: Rich in Reorganization Opportunities but Short on Cash
The maritime industry plays a vital role in the safe and economic delivery of essential goods and products to various ports in the U.S. and worldwide. In many cases, there is no viable alternative to water-borne transport of certain cargos. While there have always been haves and have-nots, the capital markets have long courted the […] -
Logistics Companies Must Shore Up Business Foundations to Keep on Trucking
While many important economic indicators for the country are being touted as the 2020 election approaches, one thing is certain and almost universally agreed upon: the $800 billion trucking industry is facing numerous headwinds, including some that are self-inflicted. According to Business Insider,1 more than 800 trucking companies were shuttered and 6,600 drivers lost their […] -
New Law Puts Chapter 11 Bankruptcy Within Reach for Small Businesses
The Small Business Reorganization Act of 2019 (SBRA), known as Subchapter V (Public Law (PL) 116-54), presents a new opportunity for reorganizing small businesses under Chapter 11 of the U.S. Bankruptcy Code. This new law became effective February 20, 2020, and was promptly expanded as of March 27, 2020, when the eligibility debt cap was increased almost […] -
POWERFULLY FOCUSED: Wanya du Preez
Q: How did you gravitate into turnaround/restructuring work? DU PREEZ: I started with Deloitte out of college and worked in audit for a number of years, which was really great for learning about the fundamentals of business and finance as well as seeing how a number of companies operate. But I always had a sense of […] -
TMA TALKS: Ready For The Next 100 Years
Welcome to TMA Talks, a regular series of podcasts. Each segment features prominent TMA members, industry experts, and other special guests. These exchanges, edited transcripts of which are printed in the JCR, offer insights into key markets, forward-thinking economic outlooks, insider thoughts on industry trends, and much more. TMA Talks podcasts are available on the TMA podcast channel. […] -
Milestones
Luke Andrews and Charvi Gupta have been promoted to director and associate director, respectively, at Getzler Henrich & Associates. Both are based in the firm’s New York headquarters. Andrews joined the firm in 2015 with experience in financial modeling, research, and data analysis, as well as both quantitative and qualitative evaluations of investment opportunity, performance, and […] -
Newcomers: May 2020
California – Northern Edward B. Schaffer, Hired Inc. Daniel Flores Jr., Betts Company Ankush Dham Henry Hilbert, CrossCountry Consulting California – Southern Richard K. Hollowell, Kealoha Consulting Corp. J. Rudy Freeman Carolinas Dennis A. Bolton II, Wells Fargo Equipment Finance Neal J. Karaszkiewicz, White Oak Commercial Finance LLC Michael LeTourneau Bert Bolick III, Team Connection Inc. Chesapeake Ethan […]
Snapshot Article
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