Regular ABF Journal contributor Lisa Miller spoke with five ABL leaders to get their take on the outlook for ABL in 2014. All agree the environment continues to be impacted by excess liquidity and the challenge of finding new money opportunities; however, there is general agreement that clear signs of improvement are emerging.
When Tully’s Coffee found itself in a serious liquidity crisis and facing Chapter 11 bankruptcy, Deloitte CRG stepped in to secure a merchant cash advance. The authors provide insights into why this financing solution can be a perfect fit for any restaurant or retailer that lacks hard assets but has high credit card volume.
Rocco I. Debitetto, partner at Hahn Loeser & Parks, lays out some of the legal pitfalls associated with financing the marijuana industry and how this new area of lending’s collision with bankruptcy raises more questions than answers.
Earlier this year, the Supreme Court heard arguments in Executive Benefits Insurance Agency v. Arkison, a case that may very well change the powers of bankruptcy court judges and settle important questions regarding bankruptcy litigation. Attorney Jeff Wurst walks us through the history and provides insights on the issues, knowing a decision can come down any day.
Mark Fagnani took the helm at Hudson Valley Bank’s new ABL Group in fall 2013 after 34 years as a lender at Wells Fargo, Wachovia, Congress Financial and First Union, in addition to several years running his own advisory company. He shares his vision for how a smaller player in a crowded market can be more agile and play large.
In an interview with ABF Journal, TMA Hall of Fame winner AlixPartners’ Albert A. “Al” Koch talks about how the corporate renewal scene has changed since he joined the firm nearly two decades ago and recalls his most memorable restructuring of all — General Motors.
The author shares why a growing number of legal professionals would want to take advantage of a relatively new branch of factoring, known as legal funding — or the factoring of legal receivables — to ensure faster payment of services, access to client benefits and the ability to invest in and grow their business operations.
The author discusses pitfalls to avoid when a factor has to deal with a client bankruptcy filing and why the diligent is usually the most successful.
ABF Journal illustrator Jerry Gonzalez provides his take on Quiznos’ pre-packaged restructuring plan.