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March 2019
JCR Issue Articles
My Take
Embracing Change
Scott Y. Stuart, Esq.
Change is hard. But change is necessary for growth, professional development, and brand building. In this year of opportunity at TMA, we are embracing change. We understand that, as we change the conversation we are having, and we will continue to...
Read Full Article >>
Leader Board
Enhancing TMA's Global Connectivity and Impact
Kevin A. Krakora, CTP
One of the most rewarding aspects of volunteer leadership at TMA Global is the frequent interaction I have with TMA members from around the world. Although differences exist in local insolvency laws and restructuring customs, global turnaround...
Read Full Article >>
Corporate Rescue in Australia: A Time for Innovation
Cameron Belyea
In October 2018, Quintis Limited, with some 13,000 hectares (32,110 acres) of sandalwood to grow and harvest in Australia, completed a recapitalisation of its business and restructuring of the group balance sheet and debt instruments. The...
Read Full Article >>
The Success Trap: How Growth Can Mask Signs of a Deteriorating Business
Michael Smith
An emerging growth company is in its fourth year of life. Revenues are increasing by 20 percent or more year-over-year. The management team—frequently the founder and a few close confidants who signed on early—is excited, and its enthusiasm flows...
Read Full Article >>
Senior Living Industry Faces Myriad Challenges
Paul S. Valentine
It is interesting that most of the press coverage in senior living cites an increase in volume from baby boomers aging into the space. Typically, these articles note that 10,000 people will turn 65 every day for years to come. While some believe...
Read Full Article >>
Creating a Sound Foundation for Municipal Restructuring
Donald S. MacKenzie
For some municipalities, the light at the end of the tunnel is becoming more visible, given an improving national economy and rising tax bases. For others, the road to solvency remains unclear. For all, determining a path to fiscal good health is...
Read Full Article >>
Feature
Distress in Healthcare Services Companies Skyrockets in 2018
The Polsinelli/TrollerBK Distress Indices reflected a substantial increase in healthcare distress in 4Q 2018, even as the general index showed only a slight increase in bankruptcy filings and the real estate index fell. The Health Care Services...
Read Full Article >>
Snapshots
Dawn Ragan: Wheels and Deals
D awn Ragan is a partner with CR3 Partners in Dallas. She has 25-plus years of experience in financial advisory, turnaround management, and corporate finance. She is skilled in quickly assessing complex situations, developing effective operational...
Read Full Article >>
TMA Awards
TMA Talks
Scott Y. Stuart, Esq.
Jonathan Reimche
Welcome to TMA Talks, a regular series of podcasts hosted by TMA Global CEO Scott Y. Stuart , Esq. Each segment features prominent TMA members, industry experts, and other special guests. These exchanges, edited transcripts of which are printed in...
Read Full Article >>
Happenings
Former TMA Global Chair William J. Hass, CTP, Dies on Colorado Ski Trip
William J. Hass, CTP , a former TMA chair and enthusiastic advocate for the organization and its Certified Turnaround Professional program, died on January 7 while on a ski trip in Breckenridge, Colorado. He was 71. Hass was found unconscious on a...
Read Full Article >>
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Happenings
Former TMA Global Chair William J. Hass, CTP, Dies on Colorado Ski Trip
William J. Hass, CTP , a former TMA chair and enthusiastic advocate for the organization and its Certified Turnaround Professional program, died on January 7 while on a ski trip in Breckenridge, Colorado. He was 71. Hass was found unconscious on a...
Read Full Article >>
Happenings
Judge Carey Announces Retirement from the Delaware Bench
The Hon. Kevin J. Carey has announced that he will retire from bench effective August 31 after 19 years, the past 14 of which he served as a U.S. Bankruptcy Court judge for the District of Delaware. A former TMA Global president and chair, Carey...
Read Full Article >>
My Take
Embracing Change
Scott Y. Stuart, Esq.
Change is hard. But change is necessary for growth, professional development, and brand building. In this year of opportunity at TMA, we are embracing change. We understand that, as we change the conversation we are having, and we will continue to...
Read Full Article >>
Leader Board
Enhancing TMA's Global Connectivity and Impact
Kevin A. Krakora, CTP
One of the most rewarding aspects of volunteer leadership at TMA Global is the frequent interaction I have with TMA members from around the world. Although differences exist in local insolvency laws and restructuring customs, global turnaround...
Read Full Article >>