A Practical Guide on Distressed Debt, Restructurings, and Workouts: What You Need to Know and Do.
The economic turmoil brought by the COVID-19 pandemic has given rise to a wave of distressed companies. Because of today’s chaotic economic landscape, these distressed companies need to be more well-versed in dealing with their debts and obligations. With the unprecedented challenges of managing distressed debts in the backdrop, both lenders and creditors will need to explore available options such as restructurings and workouts with increased prudence.
A thorough understanding of how to implement restructurings and workouts can help businesses amplify their chances of a successful loan renegotiation. Businesses should also continuously reassess their financial status and keep their communication with their lenders open.
In this CLE Webcast, bankruptcy and restructuring experts Kirk B. Burkley (Bernstein-Burkley, P.C.) and Mark Podgainy (Getzler Henrich & Associates LLC) will provide a practical guide on how companies can navigate the various issues surrounding distressed debt, restructurings, and workouts. Speakers will also present tactics that can be utilized to manage and avoid risks in the workout process.
Key topics include:
Distressed Debts and COVID-19 Recent Updates and Developments Restructurings and Workouts: Challenges and Opportunities Risk Management Best Practices
Field of Study: Business Law
2 activities • 1 videos • duration: 1h
Live and Recorded CLE & CPE Webcasts in the Legal, Tax, Finance, Risk, Compliance and Human Resources Industries
Founded in November 2006, The Knowledge Group has established itself as a premier eLearning hub for Continuing Legal Education (CLE), Continuing Professional Education (CPE), and technology-focused webcasts. We equip lawyers, accountants, and industry professionals with expert-driven insights, timely regulatory updates, and practical strategies to help them stay ahead in an ever-evolving landscape.
Managing Partner at Bernstein-Burkley, P.C., and Managing Director at Getzler Henrich & Associates LLC
Kirk B. Burkley, Managing Partner Bernstein-Burkley, P.C. Kirk B. Burkley is the current Chairman of the American Board of Certification and the Managing Partner at Bernstein-Burkley, P.C., with locations in Pittsburgh, Cleveland, and Wheeling, W.Va. Kirk is experienced in representing secured and unsecured creditors in bankruptcy, financial restructuring, and workout situations, including the representation of numerous unsecured creditors’ committees, equipment lessors, and commercial landlords. Kirk has been named to the Pennsylvania Super Lawyers list every year since 2013 and has been recognized by Best Lawyers® every year since 2011. In 2020, he was named to the Top 50 Pittsburgh Super Lawyers List and was the only attorney specializing in bankruptcy and restructuring to be included on the list. Mark Podgainy, Managing Director Getzler Henrich & Associates LLC Mark Podgainy is a Managing Director in the New York office of Getzler Henrich & Associates.; he has more than 20 years of experience working with healthy, underperforming and distressed middle market businesses, both as an advisor and as a member of the management team. He has worked with companies in situations ranging from healthy to bankruptcy, where he has provided operations restructuring, business plan analysis, performance improvement, cash and vendor management, bankruptcy consulting and interim management services. He has also worked with law firms on forensic and litigation support assignments in bankruptcy cases. His clients have included business owners, boards of directors, private equity firms, lenders, creditors’ committees and law firms, and he has worked primarily in the consumer products, building products, food, hospitality, retail, apparel and textile, and real estate sectors.
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This experience provided a good learning session on debt, restructuring and workouts.
Great insights.
I found the course very informative...practical good tips. Simple to follow. Words: CODE, PRICE, SALE
Would be nice to add an addendum for Canadian restructuring law.
