MELISSA A. CRAIG - PRACTICAL TURNAROUND THINKING

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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U.S. Treasury, IMF and European financial officials now admit that if they had acted at the first signs of trouble, the cost of fixing the problem would have been $30 - $35 billion instead of $140 billion.  Practical Turnaround Thinkers -- 21st century management teams who use the tools of turnaround management every day -- could have predicted that.  What do we know that the world's finance ministers don't?

Gordian Group’s Peter S. Kaufman and Henry Owsley sat down with the American Bankruptcy Institute (www.abiworld.org) for a podcast on the role of PE in distressed  companies during this economic cycle.  On both the buy-side and the sell-side, there are opportunities, but they will require tough decision-making, creative thinking and, above all, patience.

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