Daily News: March 30, 2012

Restructuring Pros Gear Up for Race Ahead at TMA Spring Conference


Five U.S. bankruptcy judges and top-level corporate restructuring and bankruptcy executives anchor panel sessions on capital markets, municipal distress, distressed real estate investments and more at the 2012 Turnaround Management Association Spring Conference, April 3-5, at the Grand Hyatt Atlanta – Buckhead.

Former British Olympian Derek Redmond delivers the opening keynote address, drawing from his inspiring finish, alongside his father, during the 400-meter semi-finals at the 1992 Barcelona Olympics. Gregory Miller, chief economist at SunTrust Bank, covers the national economy, interest rates and corporate investments in another keynote address. Miller is past chairman of the Economic Advisory Committee of the American Bankers Association, a national group of economists who meet with the Federal Reserve Board of Governors to discuss the economy and monetary policy.

General education sessions on Thursday, April 5, address overarching trends: 363 – Bankruptcy Code Provision or New Ferrari Model? examines consequences arising from shortened timeframes for selling debtor assets after a Chapter 11 filing; and Leaders of Lenders analyzes how a softened credit market is affecting loan forbearance, new loan terms and competition for distressed clients.

Education panels on Wednesday, April 4, present developments in restructuring and financing distressed businesses, as well as views from bankruptcy judges. Highlights include:

Capital Markets: Financing and Lending Outlook 2012 – Is market volatility affecting debt and equity a thing of the past? This panel covers senior debt, second lien and mezzanine markets and types of structures used to finance recapitalizations, distressed buyouts, and leveraged buyouts.

Judicial Panel – Courtroom flaps about distressed debt traders commandeering Chapter 11 proceedings prompted a revision of disclosure requirements of Rule 2019. Bankruptcy judges from Delaware, New York, Florida and Georgia weigh in on other trends affecting the course of in-court restructurings.

Critical Considerations When Representing Parties in a Municipal Distress Matter – Jefferson County, AL, Harrisburg, PA and Detroit, MI are among cash-strapped municipalities grappling with revenue declines. This panel covers the Chapter 9 filing process and potential ways to perform a consensual restructuring without a bankruptcy filing.

A Tale of Two Markets: It was the Best of Times; It was the Worst of Times – How are distressed investors repositioning less than prime real estate to maximize value in a sale?

Networking and Sales Made Easy: How LinkedIn, Salesforce.com and Other Social Networking Tools Can Help You Grow Your Business – Industry experts discuss social networking tools used to market to and manage clients.

Turnaround Industry Trends: The Good, the Bad, the Ugly – Panelists discuss consolidation and expansion in the industry, client shifts, staffing and accounting firms taking on CRO roles, among other middle market consulting trends.