ABF Journal illustrator Jerry Gonzalez predicts that the mattress may be a better place to stash your cash than the bank.
Retail sales are moving from brick-and-mortar to the Internet. Opportunities still abound for commercial finance consultants, but Donald Barrick points out there are obstacles to be avoided in this new environment.
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.
Nutter McClennen & Fish Attorneys Philip Rosenblatt and John Loughnane examine developments in the RadioShack bankruptcy case concerning agreements among lenders that form the basis of unitranche transactions. While the RadioShack case is interesting and instructive, they argue that it should not provide any false sense of comfort to lenders.
Phoenix Management Services was recently called upon to be an independent expert in evaluating the feasibility of the City of Detroit’s restructuring plan. Senior managing directors Brian Gleason and Martha E. M. Kopacz discuss feasibility in Chapter 9 cases, departures from Chapter 11 and obstacles in interpretation prior to the City of Detroit bankruptcy.
Whether or not to accept gift cards during a liquidation should be decided on a case by case basis. But the blanket refusal to redeem gift cards during GOB sales is becoming more a thing of the past. Michael McGrail, COO of Tiger Capital Group, talks about the advantages and disadvantages of redemption to creditors. Whatever the decision, he says potential impacts to GOB sales should be factored into the overall liquidation strategy.