What Can Borrowers Expect in Today’s Distressed Lending Environment?
An interview with Jerry Jansen, Principal, Ares Commercial Finance
Published on Jun 24, 2016
Jerry Jansen, Principal of Ares Commercial Finance, examines today’s landscape for companies seeking financing through non-regulated lenders. With regulated banks not refinancing turnarounds, distressed companies, or companies with distressed assets, are looking for DIP (debtor-in- possession) loans and other sources of financing. Jerry Jansen explains how the non-regulated lending industry evaluates a company’s portfolio of assets and determines whether or not a firm has enough liquidity to secure financing. Businesses facing tough situations have the greatest likelihood of securing financial options if they fulfill these important requirements: hire a turnaround consultant, get appraisal valuations for the company or assets and have enough liquidity to lead a turnaround.
What Are Best Practices for Secured Lenders to Gain Resolution for a Distressed Credit Situation?
An interview with Eric Anderson, Partner, Parker, Hudson, Rainer & Dobbs
Published on Jun 19, 2016
Eric Anderson, partner at the law firm, Parker, Hudson, Rainer & Dobbs, cautions lenders to get involved with a distressed creditor early on when steps can still be taken to bring about a successful resolution and to avoid giving any appearance of controlling the operations of the troubled company. Lenders have the ultimate leverage in deciding whether or not to lend money to a creditor; key determinants are if the distressed company has hired a CRO or turnaround consultant and if the business is operating under a forbearance agreement that allows time to exercise appropriate remedies.
Having Cash Flow Struggles? Lender Bearing Down on Access to Credit? Find Out What To Do!
An interview with David Dean, bankruptcy attorney at Cole Schotz
Published on Jun 6, 2016
David Dean, bankruptcy attorney at Cole Schotz, explains common pitfalls that a distressed business falls into when cash flow is restricted and its lender is threatening to cut off credit. Should you continue paying all your vendors? Do you stop meeting payroll in order to pay your bills? Should you start immediately downsizing? Learn the most important steps to take in the right priority that will increase a business’ likelihood of finding solutions to its toughest situation. If you don’t know about iron-fisted controls or creating a runway, then you’ll want to hear Sr. Managing Partner of Heritage Equity Partners, Ken Mann, interview David Dean for the answers.
Ken Mann and Michael Viscount, Partner at Fox Rothschild, Discuss Filing for Chapter 11 Bankruptcy
An interview with Ken Mann, Senior Managing Director of Equity Partners HG, and Michael Viscount, Partner at Fox Rothschild LLP
Published on September 9, 2016
Ken Mann, Senior Managing Director of Heritage Equity Partners, speaks with Michael Viscount, Partner at Fox Rothschild LLP about filing for Chapter 11 Bankruptcy.