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Focus Management Group: October Month in Review

Each month we will be posting an overview article that covers our recent company articles, announcements, and insights. Below is for the month of October.

Becoming a Stalking Horse Bidder


Of the 25,430 commercial bankruptcy filings from January to September of 2020, Chapter 11 bankruptcy filings were 21.7% of the total filings. The majority of Chapter 11 bankruptcy cases do not result in a successful reorganization.


In the last couple of decades, more and more bankruptcy cases are filed to facilitate 363 sales. The 363 sale process allows going concern values to be maximized. Because assets are sold free and clear of liens through the 363 sale process, many businesses file for Chapter 11 to facilitate a sale.


Being a stalking horse bidder in a Chapter 11 case can be a straightforward process that provides financial and legal protections for the buyer.


Read the article below for more info!


Full Article

What Should You Know About PPP Loan Forgiveness?


Companies are questioning how to receive confirmation of the forgiveness of their Payroll Protection Program (“PPP”) loan, and are concerned about what they need to do and when they need to do it.


There are no hard and fast answers right now, but here is what we know so far...


Full Article

How Do You Analyze a Budget and Evaluate the Sale Process During Bankruptcy? (Webinar) - Part 2 of our bankruptcy series


Lenders and financial professionals are expecting the number of bankruptcies in Q1 and Q2 of 2021 to exceed past levels.


This anticipated increase in bankruptcy filings means lenders will be challenged to manage an increasing number of borrower relationships through the bankruptcy planning process and during the bankruptcy.


Watch our webinar to learn how to analyze a budget and evaluate the sale process during a bankruptcy!


Webinar Replay

What Makes a Liquidation Analysis Realistic? (Webinar) - Part 3 of our bankruptcy series


The annual number of bankruptcies peaked at 60,837 in 2009, but the financial and bankruptcy experts expect the level of bankruptcy filings to exceed that peak during the next twelve to twenty-four months.


This anticipated increase in bankruptcy filings means lenders will be challenged to manage an increasing number of borrower relationships during the bankruptcy process, including developing or evaluating various liquidation scenarios.


The lender and their advisors will need to use existing information to address current and future recovery expectations. During this analysis, there are key areas to consider.

Watch the webinar below to learn more!


Webinar Replay

PPP Loan Forgiveness and Change of Ownership


Companies looking to enter into M&A transactions that have also received PPP Loan money will have added levels of complexity. Recently the SBA issued a Procedural Notice to provide guidance on the notification and consent requirements for changes in ownership of companies with PPP loans.


Read the article below to understand what this means for your company or borrowers.


Full article

Focus Management Group Assists Gabriel’s Liquor Through Successful Chapter 11 Bankruptcy


On October 5, 2020, the sale of Gabriel's Liquor was successfully completed to Omega Capital Group. The sale closed through the Chapter 11 Plan of Reorganization process in the U.S. Bankruptcy Court for the Western District of Texas, San Antonio division. Focus Management Group served as financial advisor to the debtor.


Full announcement

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