Whether you are analyzing macro indicators, or evaluating your energy costs, supply chain costs, or the rising cost of borrowing, you have probably found at least one reason for concern about the next few quarters. Don’t panic. In 30 plus…
Now is the time to
Chapter 11 Bankruptcy Reorganizations – DIP Challenges
As of Friday (04/03/20), the Coronavirus Aid, Relief and Economic Security (CARES) Act that is providing funding for businesses, did not address debtor-in-possession (“DIP”) lending to businesses operating in Chapter 11 of the United States Bankruptcy Code. We are hoping…
Yes, Yes, Thank You – But No.
Recently I met with a business owner who wanted to use Chapter 11 to solve his business problems. He explained that his company was having severe cash-flow problems, that a friend had told him that Chapter 11 had saved…