May 2026
More from this Issue
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Challenges in Retail
Spencer M. Ware, CTP, is senior managing director and partner with CR3 Partners. As a turnaround and restructuring expert with over 20 years of deep -
Expanding the Table & Strengthening What Matters Most
For those looking to deepen their engagement and expand their networks, upcoming TMA events offer opportunities to connect across disciplines, -
Strengthening the Foundation: Governance Committee Advances Bylaws Modernization
By proactively updating its bylaws, TMA is not only reinforcing its institutional integrity but also positioning itself to better serve its members in an -
Selling Retail In Distress: Roles, Timing & The Competitive Dynamics That Determine Outcomes
The stalking horse looked fine on paper—a credible offer, reasonable terms, a buyer who had done retail deals before. The debtor executed the agreement, -
Fossil Stapled Exchange: Refinancing Retail Bonds Without Chapter 11
In early 2025, Fossil Group Inc. had a common restructuring need: to extend the maturity on its bonds. But given the financial and operational context of -
Structure & Facts Matter In Intellectual Property Rights
In recent years, investors have started to monetize intellectual property rights—such as patents, trademarks, and copyrights—because they transform -
Independent Directors & Market Testing: How Proper Process Can Overcome Insider Transaction Objections
When a distressed company seeks to sell substantially all its assets to an insider, stakeholders often view the transaction skeptically, which can derail -
Lease Restructuring Challenges & Strategies In An Out-Of-Court World
The old playbook of waiting to address leases in bankruptcy is over. A growing number of retail and multi-unit companies are restructuring their real -
Why Buyers Are Increasingly Turning to State Law to Acquire Distressed Assets
For companies and stakeholders seeking to execute distressed asset sales with speed, certainty, cost control, and surgical execution, state law regimes may -
The Growing Risks In Private Credit: Covenant-Light Lending, Reduced Diligence & Lessons From 2008
The meteoric rise of private credit over the past several years has some professionals in the restructuring industry’s spidey senses tingling after living -
TMA Membership By The Numbers
1,395 Attorney/Legal 678 Turnaround Consultant 454 Financial Advisor 291 Student 237 Asset-Based Lender 160 Investment Banker 127 Accountant 120 -
Welcome Newcomers
Alabama Campbell Hughes, Riveron Arizona Kelly Toney, Tranzon LLC Atlanta Anthony Cimini, Taft Stettinius & Hollister LLP Jack Almeida, Teneo Robert