As COVID-19 continues to cause incredible stress on healthcare organizations, Michael Sandnes of EisnerAmper explains how CEOs must create a solid game plan and demonstrate flexibility both during and after a Chapter 11 filing.
In a Q&A for ABF Journal, Gary Pittman outlined the factors that have contributed to a downturn in the oil and gas industry in 2020, how the current environment differs from previous downturns and how the industry will fare into the next year, specifically when it comes to bankruptcy, restructuring and M&A activity.
COVID-19 has transformed how many companies do business. Michael Gaul takes a look at how some companies are cutting costs, especially those struggling to survive in an economy damaged by the pandemic.
Finding the right partner to raise capital for a refinancing always has its challenges, but in the midst of COVID-19, those challenges have become more numerous and severe. Bayard Hollingsworth of Phoenix Management Services explains some of the considerations lenders and borrowers must focus on in this environment by looking back at a successful transaction made during the pandemic.
Carl Lane wasn’t always in turnaround management, but he has become one of the top professionals in the field during the course of his career. With a focus on winning early and establishing relationships, Lane is set to lead Willow Tree Consulting Group and its clients through challenges in the present and future.
Juanita Schwartzkopf of Focus Management Group argues that the operating cycle is more than just a simple calculation and walks through a real-world example to illustrate its importance for forecasting and managing working capital.
The May jobs report from the Bureau of Labor Statistics was surprisingly strong judging from the headline numbers. As Michael Eisenband of FTI Consulting explains, a more thorough reading of the report shows that the unemployment rate was not entirely accurate. He points out the discrepancies and explains how this “economic happy talk” could lead to painful results in the long-term.
The COVID-19 pandemic has brought the economy to a grinding halt, but the LIBOR transition timeline has not been affected. Colleen Hsia and Zaman Toleafoa of FTI Consulting explain how companies must use effective communication and other strategies to make sure they are still preparing adequately.
Regardless of when the economy reopens, businesses need to contend with a slew of factors to ensure they succeed on the other side of the COVID-19 pandemic. Jim Bowie, William H. Henrich and Frederick Langer of Getzler Henrich and Associates go through some of the most important elements to consider, including demand, inventory and the supply chain.
Getting a handle on the 13-week cash flow of a business can provide the short-term information necessary to weather distressed situations. For companies feeling the continued disruption of the COVID-19 pandemic, Luke D. Snyder of CBIZ MHM gives detailed instructions on how to effectively implement such a cash flow.