Chapter 22 Is Not Necessarily a Bad Thing

By: Patrick Walsh Originally written for and published by ABL Advisor, September 2019 The feasibility requirement in the U.S. Bankruptcy Code requires a finding from the Bankruptcy Court that “confirmation of a plan is not likely to be followed by the liquidation, or the need for further financial reorganization, of the debtor or any successor to the debtor under the plan, unless such liquidation or reorganization is proposed in the plan.”…

Patrick Walsh Published in ABF Journal’s Speciality Lending Issue

TURNAROUND CORNER: A CASE STUDY FROM THE AUTO PARTS INDUSTRY A restructuring can seem overwhelming at the onset, especially in the wake of a potential bankruptcy or sale. Read the article here (online via annual $19.95 subscription). Read the article via PDF download.

Cedar Croft Consulting’s Ziggy Krupa Networks at TMA NextGen Conference

Ziggy Krupa had another successful networking day representing Cedar Croft Consulting at the Turnaround Management Association (TMA) NextGen Leadership Conference in Chicago today.  Cedar Croft Consulting was the lanyard sponsor, which were handed out at the conference reception host office,  Faegre Baker Daniels LLP. “I met some great talent at the NextGen Conference – all in their mid-30s! I am (as a representative of Cedar Croft Consulting) looking forward to future partnerships as a North America connection on…

World Relief Chicago

Cedar Croft Consulting’s Ziggy Krupa attends TMA NextGen Leadership Event

Ziggy Krupa represented Cedar Croft Consulting Ltd. at the Turnaround Management Association (TMA) NextGen Leadership Conference in Chicago, November 29 through December 1, 2018. Cedar Croft also sponsored of this 7th annual program. Our first community event (with Ziggy in  the mix) was held with the WorldReliefNetwork in Chicago, an organization that helps immigrants learn how to speak English and adapt to their new social surroundings. The TMA group engaged by first introducing  everyone…

Cedar Croft Consulting’s Patrick Walsh attends 74th Annual CFA Convention

The Commercial Finance Association (CFA) is the international trade association dedicated to the asset-based lending, factoring, trade finance and supply chain finance Industries worldwide.  Cedar Croft’s Managing Director, Patrick Walsh, once again, attended the annual Commercial Finance Association Annual (CFA) Conference/Convention.  This year it was held in beautiful San Diego, California November 7-9, 2018. Here are a few of his highlights: Commercial Finance Association announced at #CF2018Annual that it will be rebranding in 2019…

Cedar Croft Consulting Secures $17 Million Credit Facility for LA-Based Retailer and Wholesale Tile Distributor, Walker Zanger

For Immediate Release Media Contact: Laurie Pehar Borsh PR LauriePeharBorsh@LPBPR.COM +1.800.915.2151 x706 Cedar Croft Consulting, in its capacity as financial advisor, structures and secures a $17MM senior secured revolving and term loan credit facility for the turnaround of a large family-owned retailer and wholesaler tile distributor in Los Angeles, California. Los Angeles CA, August 8, 2018 — Cedar Croft Consulting, a management consulting firm that assists mid-market clients in the manufacturing,…

Cedar Croft Consulting Adds Business Transformation Expert, Ziggy Krupa, to Toronto

For Immediate Release Media Contact: Laurie Pehar Borsh LPBPR lauriepeharborsh@LPBPR.COM +1.800.915.2151 x706 Cedar Croft Consulting, a management consulting firm servicing middle-market companies throughout the US and Canada, announces new addition to the company’s ever-growing team of restructure and renewal experts. Toronto, ON (July 2, 2018) — Well respected management consultant, Ziggy Krupa has been tapped to lead Cedar Croft Consulting’s Canadian client base and new business development.  Krupa is an experienced management consultant with expertise in business transformation,…

Highlights from New York Institute of Credit Centennial Celebration in Honor of Harvey Gross

Cedar Croft Consulting is proud to be a member of the New York Institute of Credit (NYIC). Founded in 1918 as the New York Chapter of the National Institute of Credit (NIC), NYIC was granted an absolute charter as an educational corporation by the Board of Regents of the State of New York in 1957. As a non-profit organization, NYIC has always attempted to bridge the gap between business theory and…

Cedar Croft Consulting Attends Annual Credit & Bankruptcy Symposium

ABI, the Turnaround Management Association’s Connecticut Chapter, the Turnaround Management Association’s Northeast Chapter and the New York Institute of Credit held the 12th Annual Credit & Bankruptcy Symposium at the Mohegan Sun in Uncasville, Conn., April 26-27, 2018. The program featured a “Views from the Bench” session with four regional judges, as well as sessions on litigation funding and lending in the insolvency space. Cedar Croft Consulting had the opportunity…

Loan Losses and a Lender’s Stages of Grief

How Turnaround Pros Can Guide Lenders from Depression to Resolution By Patrick Walsh for ABF JOURNAL Now and then, despite due diligence and careful underwriting, a loan goes bad. Patrick Walsh describes the five stages of grief that a lender passes through when a loss seems imminent and suggests ways that a turnaround professional can help the lender work through these stages and achieve a positive outcome. Read the article…