The Volatile Energy Industry: Restructuring to Survive
As the price of oil continues its downward spiral, energy companies need to retrench and retract. Monty Kehl and Dennis Ulak of Huron Business Advisory provide a road map for survival.
As the price of oil continues its downward spiral, energy companies need to retrench and retract. Monty Kehl and Dennis Ulak of Huron Business Advisory provide a road map for survival.
Jon Lucas talks with ABF Journal about his time with CIT and the career in the commercial finance industry.
Last January CIT Commercial Services named industry veteran Marc Heller president of the division, succeeding Jon Lucas. Heller responds to ABF Journal’s questions, provides insights into his personal experiences in factoring and offers some history of the industry and a look ahead.
Fintech lender OnDeck has provided $3 billion in small business loans in eight years. Now the company is developing a new online product for banking giant JPMorgan Chase. Business lending is moving into the 21st century, and other banks are also dipping a toe in the fintech water.
Since the reform of the Bankruptcy Code in 2005, the number of cases filed has fallen. Samuel Gerdano and Ed Flynn of the American Bankruptcy Institute look at the total picture and predict the general number of filings will continue to fall, except for Chapter 11.
For 95 years, do-it-yourselfers looked to RadioShack for parts, products and advice. Like many brick-and-mortar retailers, RadioShack has suffered from changes in customer behavior and retreated to Chapter 11 to restructure. Attorney Stephen Selbst provides an in-depth look at the missteps that sent
RadioShack into bankruptcy.
Using the pages of the ABF Journal in place of two tablets of stone, Attorney Rocco Debitetto hands down the Ten Commandments of Chapter 11.
ABF Journal illustrator Jerry Gonzalez provides his take on Ted Koenig, Monroe Capital President and CEO, calling Andy Moser and Marc Price off the bench to “play” for his team.
A customer’s balance sheet can appear straightforward, but there are hidden triggers that can cause unexpected problems during chapter 11 proceedings. Kenneth Rosen, who leads the bankruptcy department at Lowenstein Sandler, reveals these unexpected traps.