Brian Gleason of Phoenix Management Services details how executives must display the most important tenets of leadership to survive the economic turmoil caused by the novel coronavirus (COVID-19) pandemic.
A weekly cash flow analysis is one of the most basic business tools, yet Marjorie Kaufman observes many businesses fail to utilize it. She explains why this vital analysis should be a “best practice” to keep every business nimble and adaptable to changes in liquidity.
Intangible assets (IA) can be a company’s most valuable property in insolvency. But unlike other collateral, these can include copyrights, source code, trademarks and domain names. Rapid changes in technology can lower the value of these assets before a sale is concluded. David Johnson, Joshua Pichinson and Martin Pichinson explain how to protect IA during a wind down and monetize the value before it slips away.
After the 2016 election, Howard Brod Brownstein shared his observations of the challenges facing the turnaround industry. A year later, after the passage of new tax reforms and with the threat of tariffs and new world conflicts, he looks into his crystal ball once more to see what the future holds for the restructuring industry.
No company wants to go through a turnaround process. Once the worst has happened, a company often needs the help of not only outside consultants, but lenders and creditors that won’t jump ship at the first sign of trouble. Turnaround professional Robert Katz, winner of this year’s M&A Advisor “Distressed M&A Dealmaker of the Year” award, discusses companies that have hit bottom and how they came out the other side.
The Turnaround Management Association offers restructuring professionals tools and resources to succeed in their careers. The TMA Annual, scheduled for September 26 to 28 in Colorado Springs, CO, is a prime opportunity to network and connect with lenders and other professionals. This year’s TMA Global President, Kevin Krakora, head of KMPG’s U.S. Restructuring Practice, outlines the programs TMA is launching to expand the organization’s member benefits beyond the ballroom.
Thousands of financial professionals converged on Las Vegas in February for the annual SFIG Vegas event, providing a perfect opportunity to solicit their opinions on issues affecting the industry. Capital One conducted a survey at the annual conference, and Dave Kucera examines the results with ABF Journal editor Nadine Bonner.
For 30 years, Vermont Aerospace crafted precision machinery for aircraft from its home in the Connecticut River Valley. A spiraling financial downturn combined with the unexpected death of its owner left the company reeling. After VA received the TMA’s 2017 Small Company Turnaround Award, the TMA invited attorney Cathy Reece to moderate a discussion by the turnaround team to learn how this unusual transformation enabled the company to avoid bankruptcy and retain its employees.
While lenders carefully scrutinize companies seeking to borrow money, borrowers rarely exercise the same due diligence to screen potential lenders. No one embarks on a business venture planning to fail, but it does happen. Bayard Hollingsworth advises borrowers to investigate the ways lenders handle a deal that goes wrong before accepting other people’s money.