Anyone eating at an Applebee’s, Buffalo Wild Wings, Chili’s, Olive Garden, Outback Steakhouse, Ruby Tuesday, or TGI Fridays is patronizing a casual dining restaurant. Casual dining establishments provide table service and have “price points of approximately $15 per meal” and “menus with a much wider range of choices” than the hand-held food offerings of quick-serviceRead More
Ken Mann sits down with Dan Dooley, CEO of MorrisAnderson, to discuss the unique attributes you will find in a restructuring case involving a healthcare business, including the fact that people frequently die. In about ten minutes, you can get a little smarter about: • Accounts Receivable Issues • Differences in Corporate Structure and decisionRead More
How many times have you heard or read some variation of that claim from “experts” over the last year? Last time we checked, consumers still need or want goods and they need to purchase those goods somewhere. The question is, where?
CHICAGO, July 17, 2017 — MorrisAnderson’s Chief Executive Officer Dan Dooley and Director Mark Briden were recently honored with top industry accolades: Dooley was recognized as a Top 100 Corporate Restructuring Dealmaker by Global M&A Network, and Briden earned an Emerging Leader Award in the Service Provider category by The M&A Advisor. Headquartered in Chicago,Read More
MA led a 16-month bankruptcy process which resulted in a consensual Plan of Reorganization, accounting department upgrade, dispute resolution between the owner and his ex-partner, and $33 million of new exit financing. Headquartered in Phoenix, ITC is a steel wire shelving and wire racking systems manufacturer, primarily for commercial and industrial warehouse racking systems. AsRead More
Written By: Sarah M. Olson James L. Baillie Fredrikson & Byron, P.A. (Minneapolis, Minnesota) Recently, Fredrikson & Byron sponsored a seminar in Minneapolis for clients and friends of the firm on “DIRECTOR & OFFICER DUTIES BEFORE AND DURING CRISES: What Directors and Officers Need to Know to Plan For and Manage Insolvency and Other CompanyRead More
The recognition honors firms that are routinely retained in the most complex and sophisticated restructuring transactions. MorrisAnderson was specifically recognized for the following outstanding achievements: Chapter 11s – Developed plans of reorganization for International Technical Coatings (ITC) and Delta Mechanical Financial advisors to UCC of Fansteel ($90 million), and a $150 million multi-location hospital WithinRead More
Mark Briden, Director MorrisAnderson As the real estate market continues to revive from the 2008 downturn, construction contractors are becoming busy again. Defaults on commercial real estate loans have now hit an all-time low of less than 1%, according to the Federal Reserve report for Q1 2016, down from 8.75% in 2010. So, what’s toRead More
By Dan Dooley, CEO MorrisAnderson Has the insolvency business fundamentally changed? I am asked this question all the time. My answer is ABSOLUTELY!! Here are seven reasons why, and their implications for our industry: 1. The Stigma is Gone From Financial Distress and Bankruptcy Owners and executives now actually seek input and opinions from trustedRead More
Originally published in the Journal for Corporate Renewal By Steven Agran, MorrisAnderson and Keith Dehaan, Food & Livestock Planning Inc. In December 2003, mad cow disease was identified in the North American market, and the Japanese government immediately banned imports of U.S. beef for two years. The 2014-15 avian flu epidemic resulted in 17 percentRead More