Wednesday, December 01, 2010

You don’t have to be a private equity analyst or a manager for a firm in decline to use the 13-week cash forecast.  Lenders and other creditors expect 21st century management teams not only to be aware of the firm’s cash requirements over the ensuing quarter, but also to be able to credibly explain any variances.  It's cruel but true:  management teams who fail to use this important tool are not in the ball game.  The firm is already in a state of decline because management is not vigilant and pro-active.

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Tuesday, November 09, 2010

Even though the Total U.S. Bankruptcy filings have increased at a rate of 11% over the past 9 months, the 3 month rate is significantly improved at 6.2%.  Within the Total filings rate, Consumers' filings are up 6.7% while Business Bankruptcy filings are down by 8% fo the period July 1 through September 30, 2010.

 

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Thursday, September 02, 2010

Why is the current Chapter 11 such a bad fit for small businesses?  Why do so few  small business bankruptcies lead to a Plan of Reorganization?  What are some of the proposals being considered to fix the mismatch between the Chapter 11 code and the needs of debtors and creditors in small business bankruptcies? Ms. Juliet Moringiello, ABI Resident Scholar, and Professor Melissa Jacoby of UNC School of Law recently discussed these important and interesting issues.

This post is Part II.  Part I is the previous blog post.

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Tuesday, August 31, 2010

Why is the current Chapter 11 such a bad fit for small businesses?  Why do so few small business bankruptcies lead to a Plan of Reorganization?  What are some of the proposals being considered to fix the mismatch between the Chapter 11 code and the needs of debtors and creditors in small business bankruptcies?  Ms. Juliet Moringiello, ABI Resident Scholar, and Professor Melissa Jacoby of UNC School of Law recently discussed these important and interesting issues.

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Friday, August 13, 2010

The data from the annual Deloitte / NVCA Global Survey of Venture Capital Firms show that U.S. VC fund managers, by 61% to 39%, do not expect to deploy their capital outside of the country. They intend to invest it in the U.S. But the data also show that a majority of Limited Partners (56%) who invest in U.S. VC funds don’t want the fund managers to invest in the U.S. These two data points indicate a potential mismatch of expectations.
 

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