Prognosticating about the economic impact of Donald Trump’s presidency is a task fraught with uncertainty and challenge. Is he truly committed to achieving his promised effects? Can he “Make America Great Again” by bringing manufacturing jobs back to America, protecting Social Security, and...
This month’s JCR is devoted to topics surrounding the construction industry, which offers me the perfect opportunity to speak of TMA’s role and my interest in building a better industry for all of us who are in the business of saving distressed enterprises. My primary objective in joining TMA...
Victoria White Baudier is a partner in the Transactions and Corporate Advisory Services Practice Group in the New Orleans office of Adams and Reese LLP. Her experience includes general business counseling, commercial litigation, bankruptcy transactions and litigation, asset acquisitions, franchise...
Payment of professionals in Chapter 11 is a complex process intended to ensure transparency and fairness. It can also be a maze filled with traps for the unwary. Professionals for the estate are required to have their engagement approved by the court at the beginning of the case and then to have...
Construction is a great business. Good contractors can build excellent companies and generate healthy profits. Construction is also a risky business. Almost half of all contractors in business today will be out of business five years from now. Contractors should develop a strong team of advisors to...
Typically, a lender can rely on receivables as collateral to support revolving lines of credit and similar credit facilities. However, the remedies and protections for suppliers, labor, and subcontractors significantly impact a lender’s ability to rely on a contractor’s receivables. Because of...
During most of the 2000s the North American construction industry has been in recovery mode. The new millennium began with the cogeneration power bust post-Enron, followed by the residential construction boom and bust, which led to the Great Recession, and now the oil bust. However, most distressed...
Since the late 1970s, federal, state, and local government agencies have established programs to help socially and economically disadvantaged entrepreneurs gain access to the economic mainstream of American society. While there are differences among these programs, in most cases the contracting...
When a turnaround professional is engaged to assist a company that operates in an industry with the second-highest default rate in the United States contracting—he or she can be sure of a challenging assignment ahead. Clearly, completing an engagement to turn around a contractor is a particularly...
When I last served as guest editor for JCR, I worked with a team of talented authors who as recently as seven years ago could never have imagined that they would one day contribute turnaround-themed articles related to an industry that for years was considered recession-proof: casino gaming...
