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Saving Midmarket, Closely Held Companies With Traditional Workouts
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Trade Publication Article
Saving Midmarket, Closely Held Companies With Traditional Workouts
2020
Overview
[...]today, it is rarely in a commercial bank’s best interest to participate in a multi-year loan restructuring plan, even if that loan workout program leads to a superior financial recovery for the bank. [...]the cost of bankruptcy increased dramatically in terms of professional fees and special priority payment status given to certain kinds of creditors (who successfully lobbied Congress for changes to the bankruptcy code). [...]today’s middle-market bankruptcy process is almost solely used to sell company assets as a going concern or to liquidate the business. [...]liquidation recoveries and going concern sale values are certain to go down as they do in every recession.
Publisher
CFO.com
Subject
