Distressed Situations

Reed Smith partner Keith Aurzada is joined by Amber Sefert of Trimont for a discussion of a lender’s perspective on forbearance and receiverships.  While these items are most often specific to each individual case, Amber does an excellent job of describing the basic terms for forbearance agreements and receiverships.

Steven Fleming of PricewaterhouseCoopers joins Keith Aurzada of Reed Smith to talk about the challenges of liquidity management in times of distress. Steven walks through the process of cash forecasting and demystifies the thirteen week cash flow forecast (a/k/a the “Thirteen Weeker”).

If you can recognize the warning signs of oncoming distress, you might be able to duck some of the damage. Pittsburgh-based associate Amy Kerlin shares ways to recognize such warning signs and what do to about them. Amy’s focus on clear and consistent communication brings a fresh look on what can be a difficult topic.

Keith Aurzada and Michael Venditto share insights about the current restructuring environment, as well as some anecdotes about practicing bankruptcy law.

Distressed Situations host Keith Aurzada discusses issues in valuation with Stephen DuPlantis, a career valuation professional who has valued assets all across North America, including the iconic King Ranch.

Asset sales under Section 363 of the Bankruptcy Code are a restructuring tool that can benefit buyers, as well as sellers and their creditors. Michael Venditto, a member of Reed Smith’s Restructuring and Insolvency team, joins Getzler Henrich & Associates Managing Director Mark Podgainy to explain the risks, benefits and opportunities of the sale process in Chapter 11 cases.

Members of Reed Smith’s international restructuring practice –  Volker Kammel in Frankfurt, Patrick Schumann in London, and Michael Venditto in New York –  have a transatlantic conversation about restructuring options in Germany, the United Kingdom and the United States.

The restaurant and retail industries were among the hardest hit by lockdowns this past year, and some locations failed while others persevered. Peak Franchise Capital founder and Managing Partner Mike Elliott and Reed Smith partner Keith Aurzada describe how this important sector used ingenuity to make it through this difficult time, and how it looks going into the future.

For more information, please visit Reed Smith's Restructuring & Insolvency page or follow us on our Financial Industry Group Linkedin.

What will it take for a full recovery of the hospitality sector – including restaurants, hotels, casinos, group travel and the cruise industry? Reed Smith Restructuring partner Michael Venditto and Ankura Managing Director Alex Sorokin discuss the state of the industry now and possible rebound scenarios in 2021.

For more information, please visit Reed Smith's Restructuring & Insolvency page or follow us on our Financial Industry Group Linkedin.

Reed Smith restructuring partner Michael Venditto and Andrea Pincus, senior counsel at Santander Bank, discuss the business challenges faced by in-house counsel during the pandemic and the environment that lenders expect over the coming months.

For more information, please visit Reed Smith's Restructuring & Insolvency page or follow us on our Financial Industry Group Linkedin.