Turnaround Time

Why does a credit-risk model built in 1968 still attract 5,000 hits a day on Bloomberg? And more importantly, what does it tell us about today's market? In this episode, NYU Stern Professor of Finance Emeritus Edward Altman — inventor of the Z-score and a  Turnaround Time  favorite — returns for a wide-ranging conversation with James H.M. Sprayregen, vice chairman of global strategy and growth at...

What does it take to buy or sell a company when time is running out, and the stakes couldn't be higher? In this episode, Bethany D. Simmons of Loeb & Loeb LLP leads a panel of restructuring pros (Skylar Bonné, Michael Sabino and Michael Sicari) through the unique challenges of due diligence in distressed M&A transactions. Together, they explore what happens when traditional deal timelines collide...

What drives someone to become a bankruptcy judge? And what does it take to lead one of the nation's busiest bankruptcy districts while maintaining warmth, wisdom… and a sense of humor? In this episode, TMA NYC's NOW leaders Fran Falchook and R ita Ginzburg sit down with the Honorable Chief Judge Christine M. Gravelle of the Bankruptcy Court for the District of New Jersey for an intimate conversati...

In this unique episode, restructuring legend Moe Bordwin sits down with his son Harold for a conversation that spans four decades of industry evolution. Moe founded Keen-Summit Capital Partners in 1982 during the height of the leveraged buyout era, when junk bond financing fueled spectacular corporate collapses and created opportunities for skilled restructuring professionals. He shares vivid stor...

https://lp.constantcontactpages.com/cu/KnR13hm/turnaroundtimeThe inventor of the famous Z-score for evaluating corporate financial distress — and  Turnaround Time  favorite — NYU Professor of Finance Emeritus Edward Altman returns for his fourth appearance on our podcast. In this episode, Professor Altman discusses the evolution of the Z-score over nearly 60 years, shares insights on current marke...

From financing democracy in Eastern Europe to navigating the evolution of workplace culture, asset-based lending attorney Jill Mindlin shares her remarkable 30-year journey in finance and law. In this episode, she's joined by Fran Falchook from Octus, who explores Mindlin's unique perspective on networking, industry relationships, and the transformative power of organizations like TMA. To learn mo...

When it comes to stabilizing underperforming companies, rebuilding corporate value and retaining jobs, Laura Davis Jones of Pachulski Stang Ziehl & Jones is in a class all by herself. A TMA Hall of Famer, Dealmaker of the Year winner, and Fellow of the American College of Bankruptcy, Jones shares how her career has unfolded, from her early role as debtor's counsel in the  Continental Airlines  ba...

Inventor of the famous Z-score for evaluating corporate financial distress — and Turnaround Time favorite — NYU Professor of Finance Emeritus Edward Altman returns to share his views on credit cycles and default rates, developments in direct lending — and of course, zombie companies. In this episode, Professor Altman is joined by Marti P. Murray, a partner in the Finance Practice of Bates White Ec...

Bernstein Shur's Bob Keach, who helped establish subchapter V, the section of the bankruptcy code added in 2019 for small business debtor reorganizations, returns to Turnaround Time. This time he discusses the success of its implementation — marked by more than 6,400 filings — with Honorable Michelle M. Harner of the U.S. Bankruptcy Court for the District of Maryland.      To learn more about turn...

The Southern District of New York Bankruptcy Court's newest judges — Judge John P. Mastando III and Judge Philip Bentley — share insights and lessons learned as well as their judicial style (and pet peeves) in this wide-ranging conversation with retired Judge Robert Drain.   To learn more about turnaround management, news, and experts, visit turnaround.org .   Episode Links Our episode is sponsore...

Inventor of the famous Z-score for evaluating corporate financial distress, NYU Professor of Finance Emeritus Edward Altman returns to Turnaround Time to share his views — and predictions — for the restructuring industry. In this episode, Professor Altman is joined by Pankaj Amin, Managing Director of SC Ventures and past President of the Turnaround Management Association. To learn more about turn...

Bernstein Shur's Bob Keach has been one of the leading lights in the establishment of subchapter V, the section of the bankruptcy code added in 2019 for small business debtor reorganizations. In this episode, he shares his quest to make corporate reorganizations more successful, efficient and affordable for American small and medium-sized businesses with Harvard Zhang, associate editor at Reorg. T...

What does it take to map your own business success in our industry? In this episode, Sean Southard of Klestadt Winters Jureller Southard & Stevens is joined by Richard J. Shinder of Theatine Partners, Carol Levine of Arthur B. Levine Co., and Peter Furman of HunterPoint to explore the challenges and opportunities of turnaround entrepreneurship. To learn more about turnaround management, news, and...

From successful law partner to presiding judge in the famed Lehman Brothers bankruptcy case, retired Judge Shelley C. Chapman has not only witnessed her industry's evolution from her perch at the U.S. Bankruptcy Court, Southern District of New York, she's helped shape it. In this episode, Judge Chapman and Heidi Sorvino, managing partner for the New York office at White and Williams LLP, look back...

Inventor of the famous Z-score for evaluating corporate financial distress, NYU Professor of Finance Emeritus Edward Altman is a legend in the restructuring industry. Today, he serves as director of Research in Credit and Debt Markets at the NYU Salomon Center for the Study of Financial Institutions, where he continues to be the go-to expert on bankruptcy risk. In this episode, Professor Altman an...

From his roles at Citigroup, Blackstone and PJT Partners, Tim Coleman has seen it all: major bankruptcies (Macys, Delta Airlines, Purdue Pharma) as well as increasingly complex restructurings, buyouts and credit investing. In this episode, Coleman sits down with Mitchell Sonkin, senior advisor to MBIA Inc., to share some of the biggest lessons of his career — and to forecast where the restructurin...

Ray Schrock of Weil Gotshal and Manges, United States Trustee Bill Harrington, and Colin Adams of M3 Partners join Turnaround Time to hash out key issues from business, compliance, and public relations; delve into hot-button issues; and reveal emerging trends in bankruptcy practice. Learn more about turnaround management, news and experts at turnaround.org . Episode Links Learn more about Ray Schr...

In this episode, Ball shares tales from her biggest cases with TMA member Teresa Kohl of SSG Capital Advisors and lays out a vision for our industry's next generation, focusing in particular on expanding opportunities for young women and other underrepresented professionals. To learn more about turnaround management, news, and experts, visit turnaround.org . Episode Links Learn more about Corinne...

David Prager of Duff & Phelps is joined by Howard Brownstein of The Brownstein Corporation, Tatiana Markel of BakerHostetler and Kenneth Epstein of Omni Bridgeway in the conclusion of this special two-part series on litigation funding, focusing bankruptcy-specific structural, transparency and disclosure considerations. To learn more about turnaround management, news and experts, visit turnaround.o...

David Prager of Duff & Phelps is joined by Howard Brownstein of The Brownstein Corporation, Tatiana Markel of BakerHostetler, and Kenneth Epstein of Omni Bridgeway in this special two-part series. Together, the panel examines the current state of litigation funding, considers its applicability in insolvency situations and discusses an illustrative case study. To learn more about turnaround managem...

Mary A. Korycki (M-III Partners) leads a wide-ranging discussion on the current state of defaults — as well as key tactics such forbearances, waivers, and reserves — with Mark Indelicato of Hahn & Hessen and Michael Goldstein of Goodwin, representing the lender's and debtor counsel viewpoints, respectively. To learn more about turnaround management, news and experts, visit turnaround.org. Episode...

Turnaround Management Association member Brian Gleason (Phoenix) and economics professor Ananth Seshadri (University of Wisconsin-Madison) discuss the current economic forecast from a distinctly turnaround-minded point of view to reveal far-reaching impacts on our industry. To learn more about turnaround management, news and experts, visit turnaround.org. Episode Links Learn more about Ananth Sesh...

TMA members Abel Osorio (Turnspire Capital Partners), Tim Lewis (Southfield Capital) and Mark D. Podgainy (Getzler Henrich & Associates) tackle the twists and turns of portfolio management as well as new platform and add-on perspectives during the most challenging business environment in modern times. To learn more about turnaround management, news and experts, visit turnaround.org. Episode Links...

Gordon Brothers experts Alex Sutton and Ulos Anderson discuss the ramifications of COVID-19 on supply and demand across industries and asset types. From the hardest-hit markets to supply chain logistics, and what to expect after quarantines are lifted, Sutton and Anderson discuss current trends and their implications going forward. Episode Links Learn more about the Turnaround Management Associati...

Turnaround Time from the Turnaround Management Association NYC is a new podcast series featuring in-depth conversations between some of its more than 10,000 members in 53 chapters worldwide. From saving distressed businesses to navigating off-plan events to helping health companies avoid similar pitfalls, TMA members are working to strengthen our troubled economy. Subscribe today so you don't miss...