Chicago TMA members who are all Certified Turnaround Professionals (CTPs) will discuss the inner workings of being a CRO for a distressed company. The panel will cover a variety of mission-critical issues, including: 1. the reasons CRO’s are needed and what are their objectives; 2. the potential duties and responsibilities of a CRO; 3. who Read More
Going back in time, in the middle market business world of insolvency practice, honest hard-working owners of companies that were over-leveraged but financially viable had tools available for restructuring the business while maintaining ownership. This was done in bankruptcy through a plan of reorganization or through an out-of-court restructuring with an agreement with the creditors. Read More
Morris Anderson’s Dan Dooley was quoted in the article “Corporate Bankruptcies Slow Again in Early April As Companies Find Ample Support”. Read the excerpt below and read the full article here. Real estate bankruptcies have so far lagged other industries during the pandemic, but a variety of factors continue to pressure the sector. Some retail Read More
If we treat the pending aftermath of the pandemic on businesses in the standard manner, a huge number of them are going to be forever shut down. Dan Dooley and Sheryl L. Toby Going back in time, in the middle market business world of insolvency practice, honest hard-working owners of companies that were over-leveraged but financially viable Read More
