The Journal of Corporate Renewal
July 2008
Turnaround Pros on Front Lines of Subprime Fallout
Debacle Spawns Litigation, Investigations, Credit Crunch
This article provides a short summary of the history and structure of the subprime market and a discussion of opportunities for turnaround professionals in matters precipitated by the crisis.
End of Liquidity Glut Brings Distressed Investors Off the Sidelines
Investors and private equity funds have awakened to the fact that the previous year’s buyout boom has likely become the future distressed investing boom.
Dealing with the Coming Commercial Credit Crisis
Middle Market Should Prepare for ‘Considerable Strain’
With some thoughtfulness and preparation, management of lower middle-market companies can avoid unpleasant surprises when formulating their current and future financing requirements.
Changes Afoot in Leveraged Loan, Junior Capital Markets
First-lien lenders have been demanding that junior capital be structured as unsecured mezzanine debt, rather than as secured debt in the form of second liens.
Pooling Expertise to Address Credit Crunch Fallout
A wide range of legal expertise is critical to address the innumerable problems tied to the credit and liquidity crisis.
Letters of Credit Given as Lease Deposits May Yield Cash in Chapter 11
Turnaround professionals should analyze whether the claim limitations of Section 502(b)(6), coupled with a possible turnover proceeding against a resistant landlord, will free up precious cash.
Formal Study Complements Real-World Experience
In the turnaround and crisis management business, you can never have too much credibility.
High-Octane Auctions Drive Up 363 Sale Results
This article explains two auction techniques used in a recent complex and contentious bankruptcy proceeding.