Financial Advisors And Investment Banking Committee


Post date: Tuesday, October 13, 2015

In November 2012, former Comptroller, Rita Crundwell of Dixon, Illinois pleaded guilty to embezzling $53 million from City accounts.  Crundwell worked as Comptroller of this small City since the early 1980s, and "was the only person who controlled the City's finances and funneled public money to her secret, private accounts."  Crundwell had spent primarily, in part, these monies on a $2 million

Post date: Wednesday, February 11, 2015

It will come as no surprise to anyone in the bankruptcy and corporate restructuring world over the last few years that the overall number of bankruptcy filings has steadily declined since 2010. Statistics maintained by the Administrative Office of the U.S.

Post date: Wednesday, January 28, 2015

Section 547 of the Bankruptcy Code allows a debtor to avoid and recover transfers that were made in the 90 days prior to filing for chapter 11, provided that the payments meet certain criteria. This criteria can include the following: (1) the payment was made to or for the benefit of the creditor in the form of cash or goods; (2) the payment was for a prior debt (not cash-on-delivery or cash-in-advance); (3) the debtor was insolvent;

Post date: Friday, January 02, 2015

On March 28, 2014, the U.S. Bankruptcy Court for the Northern District of California denied the debtor’s motion in In re BR Festivals LLC[1] to employ a chief restructuring officer (CRO) as part of the chapter 11 liquidation of the debtor’s estate. The court provided an additional wrinkle in attempting to retain a CRO.

Post date: Wednesday, August 20, 2014

In real estate bankruptcy proceedings, the determination of a post-bankruptcy interest rate is often a critical element of the repayment or restructuring plan. The appropriate rate is typically not one that can be observed or obtained in the regular markets — the debtor in possession is already in bankruptcy and consequently, a commercial loan is very likely unfeasible. The U.S.

Post date: Friday, July 25, 2014

A major part of the anatomy of a turnaround is the weekly cash flow. A deceptively simple exercise, it presents a powerful tool for supporting complex management decisions. Applied during a restructuring process in a myriad of circumstances, it can serve as a basis for valuation from free cash flow or the foundation of a plan of liquidation.

Post date: Thursday, July 17, 2014

The Association of Insolvency and Restructuring Advisors (AIRA) released its new “Standards for Distressed Business Valuation,” which went into effect on March 1, 2014,[1] and will provide the best practices for valuation professionals.

Post date: Wednesday, April 16, 2014

Editor’s Note: This article provides a general overview of the current state of financial institutions’ resolution planning as required by the Dodd-Frank Act and is the first in a series of related articles.

With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) in 2010, there is no denying that life as it was known at the time for large financial institutions was inexorably changed.

Post date: Wednesday, April 16, 2014

In today’s market place, many private-equity firms are focused on investing in “complex situations.” Complex can be interpreted as including high-growth companies with well-performing management teams in need of growth capital where the buyer will perform carefully-executed due diligence.

Post date: Sunday, March 23, 2014

Many have reviewed the U.S. Supreme Court’s Till Opinion (Till v. SCS Credit Corp.) and walked away shaking their heads in confusion. The underlying case involved a higher-risk borrower who had purchased a used truck and shortly thereafter filed for bankruptcy under chapter 13. The parties asked the Court to choose the best method to determine a cramdown interest rate. It is important to realize that the Court was not addressing an all-inclusive list of methodologies available to financial practitioners, but was choosing from four methodologies previously used by various bankruptcy courts.


Ms. Dawn M. Cica, Esq.
Carlyon Cica Chtd.
Las Vegas, NV
(702) 685-4444

Mr. Kenneth W. Mann
SC&H Capital
Ellicott City, MD
(443) 951-4834

Ms. Jennifer Taylor
Communications Manager
O'Melveny & Myers LLP
San Francisco, CA
(415) 984-8700

Ms. Heather G. Williams
Education Director
CR3 Partners LLC
Richmond, VA
(804) 486-5404

Mr. Howard A. Cohen
Membership Relations Director
Fox Rothschild LLP
Wilmington, DE
(302) 427-5507

Ms. Melissa Davis, CPA, CIRA, CFE
Newsletter Editor
KapilaMukamal, LLP
Fort Lauderdale, FL
(954) 761-1011

Ms. Jolene E. Wee
Special Projects Leader
JW Infinity Consulting LLC
New York, MD

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