The TMA New Jersey Chapter recently awarded $5,000 in scholarships to the winners and runners-up in the inaugural Hon. Rosemary Gambardella Scholarship Competition held at Rutgers Law School in Newark, New Jersey. Members of the chapter’s NextGen and Network of Women (TMA NOW) Committees prepared...
The nonprofit sector is an important component of today’s society. Included within this sector are most of the nation’s premier hospitals and universities; orchestras; theater and opera companies; all religious congregations; family and children’s services, neighborhood development, antipoverty,...
In distressed situations and workouts, lenders often trade forbearance and additional funding for concessions that make it easier to foreclose if the debtor commits new defaults or files a bankruptcy. Two recent Bankruptcy Court decisions refused to enforce provisions in forbearance agreements that...
Distressed investors often spend hundreds of thousands, or even millions, of dollars conducting diligence, negotiating transaction documents, and participating in uncertain auction and legal proceedings. The process is not for the faint of heart. A distressed investor may end up with the proverbial...
D avid Enghauser is a senior vice president with MB Business Capital. Based in Chicago, he is responsible for underwriting new senior debt facilities of $5 million to $50 million typically used for acquisitions, recapitalizations, refinancings, debt restructurings, growth financing, debtor-in-...
This is now the third year that I have had the honor to serve the TMA as guest editor of the Journal of Corporate Renewal , and while every year has its unique issues, both positive and negative, I do not recall seeing a year in which the United States has been so divided in almost half a century...
It has become increasingly common for foreign companies subject to pending insolvency proceedings abroad to utilize Chapter 15 of the U.S. Bankruptcy Code to achieve their global restructuring goals. However, despite the growing number of Chapter 15 cases, uncertainty remains as to the role of...
It is a time of year filled with both reflection on accomplishments achieved and anticipation of new opportunities that lie ahead. As your 2017 TMA Global president, I am honored with the confidence that TMA has expressed in me and am mindful of both the challenges and opportunities that lie ahead...
U.S. retail is under stress. While it seems that this has been in the headlines more and more lately, the fact is that consistent disruption by new entrants has been the story of U.S. retail for decades, with the rise and fall of catalog showrooms, big-box retailers, department stores, and, more...
Over the past several years, secured lenders have faced greater uncertainty as to whether Bankruptcy Courts will permit them to credit bid their entire secured claim in asset sales under Section 363 of the U.S. Bankruptcy Code. In the bankruptcy of Fisker Automotive Holdings Inc., an electric...
