The 15th Annual Philadelphia Credit & Restructuring Summit, hosted by ABF Journal, the New York Institute of Credit, the Secured Finance Network and the Philadelphia/Wilmington chapter of the Turnaround Management Association, will take place March 21 from 11 a.m. to 6:30. p.m. ET at the Union League of Philadelphia.
In the second education session panel of the event, which will follow a luncheon panel and a lender-focused panel, Neil Gupta, managing director of SSG Capital Advisors, will lead a panel centered on turnaround, specifically looking at restructuring alternatives. The panelists will include:
- Sally Barton, Director of Special Assets & Portfolio Solutions, SecondWind Consultants
- Jeffrey Hampton, Partner and Chair of the Bankruptcy and Restructuring Practice, Saul Ewing
- Robert Katz, Managing Director, Eisner Advisory Group
- Steve Mitnick, Founder, S. Mitnick Law
- Amy Vulpio, Partner and Co-Chair of the Financial Restructuring and Bankruptcy Practice, White and Williams
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To find out a little more about what attendees can expect during the panel, ABF Journal spoke with Gupta in a short Q&A.
What will be the focus of the lenders’ panel you are moderating at the event?
Gupta: The focus of the panel will be alternative restructuring options. Given the cost and time associated with a bankruptcy process, there are many out-of-court insolvency options that have become prevalent over recent years. There are pros and cons to weigh with any of these alternatives versus a traditional bankruptcy, and we will discuss these options in the context of a restructuring case study.
Who can benefit the most from attending this panel
Gupta: I think any advisor, lender, borrower, owner or other stakeholder could benefit from understanding the options available during a challenging operational period. The goal is to explain what the benefits and risks are from each party’s perspective in order to understand the best alternative to pursue.
What do you hope attendees will gain from the panel?
Gupta: I hope attendees will gain an understanding from a real-life example of how the insolvency decision process is made. I also hope that attendees understand that every situation is different and there is typically more than one solution to get to a successful outcome.
In addition to the turnaround panel, the conference will feature several other educational panels, as well as networking breaks and a cocktail reception to conclude the day. For more information and to register, click here.
