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 with liquidity crunches, covenant breaches and the very real deadline of a company's cash running out.

The panel unpacks the critical differences between in-court Section 363 sales and out-of-court transactions, the risks of successor liability in asset versus stock sales, and the hidden pitfalls lurking in everything from outdated ERP systems to improperly burdened overhead costs.

From PII and intellectual property considerations to the art of positioning distressed assets for the right buyer, this conversation offers practical insights for anyone navigating the high-pressure world of distressed transactions.

To learn more about turnaround management, news, and experts, visit turnaround.org.

Episode Links

Our episode is sponsored by GlassRatner.

Learn more about Skylar Bonné.

Learn more about Michael Sabino.

Learn more about Michael Sicari.

Learn more about Bethany D. Simmons.

Learn more about the Turnaround Management Association here.

Our music is by Kit and the Calltones.

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 Rita Ginzburg sit down with the Honorable Chief Judge Christine M. Gravelle of the Bankruptcy Court for the District of New Jersey for an intimate conversation that explores the person behind the robe.

Judge Gravelle shares her journey from growing up in the Berkshires to navigating law school at night as a new working mother. Her path led her to a career in bankruptcy law and eventually the bench, where she oversees some of the nation's most complex restructuring cases.

This episode offers rare insight into the judicial perspective on bankruptcy and restructuring through the lens of lived experience, personal growth and the networks that support us all.

To learn more about turnaround management, news, and experts, visit turnaround.org.

Episode Links
Our episode is sponsored by Archer & Greiner.

Learn more about Fran Falchook.

Learn more about Rita Y. Ginzburg.

Learn more about Judge Christine M. Gravelle.

Learn more about the Turnaround Management Association here.

Our music is by Kit and the Calltones.

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 stories from the rough-and-tumble world of 1980s retail restructuring, including his work on the Bonwit Teller bankruptcy — the iconic Fifth Avenue department store whose demolition for Trump Tower became a symbol of an era's excess.

Harold, now principal and co-president of Keen-Summit alongside his brother Matthew, brings the perspective of today's sophisticated restructuring practice. Under their leadership, the firm has handled over $3 billion in transactions across 27,000 properties, representing clients from property owners to commercial tenants across various industries.

This father-son conversation offers rare insights into how the restructuring industry evolved from its Wild West origins to today's professional practice.

To learn more about turnaround management, news, and experts, visit turnaround.org.

Episode Links

Our episode is sponsored by Arthur B. Levine Co., Inc.

Learn more about Harold Bordwin at Keen-Summit Capital Partners.

Learn more about the Turnaround Management Association here.

Our music is by Kit and the Calltones.