TMA NYC Weekly Summary ~ News & Events

Weekly Summary

December 16, 2022

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Rock Creek Advisors LLC works with companies and their investors, shareholders, directors, lenders, and other relevant constituents to help companies maximize their true potential. Rock Creek Advisors has expertise in turnarounds, ABCs, financial advisory, and liquidations. As former operators, we can help bridge the gap between a management team’s turnaround plan and their investor’s need to maximize short term value. We work closely with all constituents to analyze the situation, develop a work plan with clear deliverables/timeframes, develop the steps for a turnaround, and execute accordingly.

The above is an excerpt from our Sponsor's website. Learn more about Rock Creek Advisors LLC, TMA NYC Silver Sponsor.

We recognize that clients don't want to pay high fees with no resolution in sight. Clients want counselors that are invested in the outcome. Whether its working on a contingency fee basis or an hourly fee basis, they want results. Bankruptcy is about dividing up money. Our clients want their money back. We carefully review our clients cases and provide them a fair proposal that results in a "win-win." There are no secrets to our business. Fairness and performance are what distinguishes us. Recently, a client paid us the highest compliment by stating, “You guys are honorable lawyers, you took a risk working largely on a contingency fee basis and delivered as promised.”

The above is an excerpt from our Sponsor's website. Learn more about Sarachek Law Firm, TMA NYC Silver Sponsor.

Chapter 11 Recoveries Improve Across All Claims Classes In 2021; 1L Creditors Receive Median Par Recoveries; 2L Status Offers Little Upside To Unsecured

By Reorg

Consistent with the improvement in equity and credit markets in 2021 as compared with 2020, claimholders of companies that filed for chapter 11 in 2021 received sharply higher recoveries across all classes of creditors as compared with cases that were initiated in 2020. Recoveries across chapter 11 cases improved, on average, for all claimholders by 7% to 20% depending on the class of claims. First lien creditors to debtors that filed in 2021 had a median recovery of par in 2021, and compared with 2020, a smaller percentage of the 2021 first lien claimholders received equity as part of their recoveries…

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Bates White

SAB Capital

Goldin Associates LLC

Elizabeth Glowacki

Royer Cooper Cohen Braunfeld

Ben Hosking

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Journal of Corporate Renewal

Working with Agricultural Enterprises: Understanding the Lay of the Land

By Steve Kluemper

The essence of agriculture is converting energy from the sun into feed, food, fuel, and fiber. In a letter to George Washington, Thomas Jefferson described agriculture as “our wisest pursuit, because it will in the end contribute most to real wealth...