Each month we will be posting an overview article that covers our recent company articles, announcements, and insights. Below is for the month of September.
How Do You Anticipate a Surprise Bankruptcy Filing? (Webinar & Article)
From April through August 2020 the number of companies that filed for Chapter 11 bankruptcy was 3,071 compared to 2,228 for the same period last year. That is a 38% increase. Financial professionals are expecting this increase in filings to continue.
Lenders are working to identify companies with a heightened risk of filing, and trying to be prepared for any possibility. To assess the level of risk of filing, in addition to financial results, there are other considerations lenders should evaluate...
This article and webinar addresses those considerations and helps you determine which aspects of your borrowers’ financial statements you should be analyzing. Find out more below!
What Makes a Liquidation Analysis Realistic?
The annual number of bankruptcies peaked at 60,837 in 2009, but the financial and bankruptcy experts expect the level of bankruptcy filings to explode well over 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 its advisors will be challenged to use existing information to address current and future recovery expectations. During this analysis, there are key areas to consider.
Read this article to learn which key items you should focus on!
What Should Lenders Be Asking Now? Updated for September (Webinar)
In June we discussed the questions that lenders should be asking borrowers as the first half of 2020 was drawing to a close. It is now time to evaluate a company’s response to finding its NEW NORMAL, its working capital management plan, its revised forecast, and its cash flow needs.
This webinar addresses those questions and helps you develop a plan to work with borrowers to succeed in these Covid-19 impacted times.
What are the questions lenders should be asking borrowers? What are the questions borrowers should be asking themselves? Listen to the webinar to find out!
Bankruptcy Is Never Easy for Lenders!
Recently, ABL Advisor published “Bankruptcy is Never Easy for Lenders!” as their featured article. This article’s original version was written by Juanita Schwartzkopf and Tim Pruban, and had run on our own website under the title: “Managing a Lending Relationship Through a Bankruptcy Process.”
According to many industry experts, they are predicting a record number of mega bankruptcies this year, and expect the number of large bankruptcies to meet or exceed the period immediately after the 2008 economic crisis.
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.
Click the links below to learn more!
What Makes a Liquidation Analysis Realistic?
The Secured Finance Network (SFNet) featured a recent article by Juanita Schwartzkopf titled, “What Makes a Liquidation Analysis Realistic?” This article was originally posted on our own website, as well.
Lenders will be challenged to anticipate recovery values under different liquidation strategies – ranging from different bankruptcy proceedings, to receiverships, to ABCs, to out of court wind down processes.
The lender and its advisors will be challenged to use existing information to address current and future recovery expectations. During this analysis, there are key areas to consider...
Click the links below to learn more!