Purchase Order Finance Solutions for Companies in Restructuring or Turnaround Situations

Ballowe, Bryan
October 2011
Secured Lender;Oct2011, Vol. 67 Issue 7, p24
Trade Publication
The article presents purchase order finance solutions for strengthening companies in a restructuring or turnaround situation in the U.S. It cites practical considerations for a finance company such as the client's viability on an ongoing basis with management quality as a key factor. It talks about dealing with a feasible turnaround plan, existing senior lender regarding collateral and security interest and security in dealing with the bankruptcy court such as debtor-in-possession financing.


Related Articles

  • Need to Know Bankruptcy Concepts. Conaway, David H. // Credit & Financial Management Review;2014, p5 

    The article presents bankruptcy concepts that affect creditors in business insolvencies in the U.S. It discusses the difference between Chapter 11 bankruptcy and Chapter 7 bankruptcy and the factors that must be considered when doing business with a Chapter 11 debtor. It offers information on...

  • Ahern Rentals Files for Chapter 11, Unable to Extend Maturity of Revolving Debt Facility.  // Rental Equipment Register;Jan2012, Vol. 55 Issue 1, p11 

    The article reports on the voluntary petition filed by independent equipment rental firm Ahern Rentals for Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Nevada in December 2011. An agreement was reached between the firm and its existing lenders for...

  • Perfecting Security Interests in a Debtor's Insurance Policy. BIRNEY, PATRICK M. // ABI Journal;Apr2015, Vol. 34 Issue 4, p22 

    The article focuses on security interests in the insurance policy of a debtor under the U.S. Uniform Commercial Code (UCC). An overview of the provisions of Article 9 of the UCC, which are significant in the Bankruptcy Appellate Panel (BAP) and bankruptcy court decisions, is given. It examines...

  • Leveraged Lenders Set for Chapter 11 Fight. Bisbey, Allison // American Banker;11/19/2012, Vol. 177 Issue 177, p2 

    The article discusses leveraged lenders' opposition to efforts to reform Chapter 11 corporate bankruptcy laws in the U.S. Creditors such as banks in the syndicated loan market are concerned that they might lose their right to credit bid which protects their loans' collateral and that their...

  • Bankruptcy Overhaul May Target Lenders to Distressed Firms. Sibayan, Karen // American Banker;6/12/2013, Vol. 178 Issue 90, p14 

    The article discusses debtor-in-possession (DIP) financing which is being discussed in the context of the U.S. Bankruptcy Code by the American Bankruptcy Institute (ABI) as of June 12, 2013. The article mentions DIP financing lets a company continue its business operations while negotiating with...

  • Section 503(b) Not Exclusive Authority for Payment of Creditor Fees and Expenses in Chapter 11. Lu, Nancy J. // Pratt's Journal of Bankruptcy Law;Sep2011, Vol. 7 Issue 6, p540 

    Under the bankruptcy court's holding in In re Adelphia Commc'ns Corp., creditor fees and expenses may be paid by the estate outside the confines of Section 503(b) if the fee provision is an element of a confirmed Chapter 11 plan, provided that such fees are reasonable, such that they relate to...

  • Committee Capture? An Empirical Analysis of the Role of Creditors' Committees in Business Reorganizations. Harner, Michelle M.; Marincic, Jamie // Vanderbilt Law Review;Apr2011, Vol. 64 Issue 3, p749 

    The article presents research that offers insight on the significant role of the committees of creditors in Chapter 11 cases in the U.S. It outlines and explains the historical development of the committees and their speculated role in business reorganization. The study suggests that the...

  • How Problem Easements Can Limit Sale Rights. HESSE, GREGORY G.; KINVIG, CAMERON W. // ABI Journal;May2014, Vol. 33 Issue 5, p32 

    The article discusses the challenges on the debtor's efforts at reorganization or efficient liquidation in the U.S. when debtor was not allowed to reject a disadvantageous agreement, or could only sell property subject to restrictive interests in that property. It notes the settlement of whether...

  • Detroit Bankruptcy Judge Suspends Hearings on Swaps/DIP Deals. Shields, Yvette // Bond Buyer;12/19/2013, Vol. 122 Issue 34031, p1 

    The article offers information on federal bankruptcy court judge Steven Rhodes who suspended hearings on proposed 350 million dollars debtor-in-possession financing and settlement with its interest-rate swap counterparties in Detroit, Michigan. It further states that he has also urged the city...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics