When Good Companies Go Bad - Trends in Corporate Restructurings and Turnarounds
Tuesday, May 12th 2009
6:00 pm to 9:00 pm
The presentation will focus on the following areas:
- What are the root causes and early warning signs for successful companies to have difficulties?
- How does the recession impact different companies? What companies are especially exposed to economic downturns?
- How has the current credit crunch affected businesses especially in terms of availability of funds and interest rates?
- With this recession, there seems to be a larger percentage of chapter 7/liquidations than chapter 11/reorganizations than in prior recessions. Why is that?
- What are the stages of a turnaround assignment?
- Best practices of guiding companies through periods of crisis
- Case studies of successful turnarounds
This will be an interactive meeting with a practitioner who has worked with hundreds of clients in workouts, turnarounds and/or bankruptcy reorganizations.
About the speaker:
David A. Prolman is the President and Chairman of Prolman Associates. Prolman's 30 plus years of corporate business experience have focused on commercial finance, operations management, turnarounds, loan workouts, bankruptcy reorganizations and crisis management. Over the past 20 years, he has focused primarily on assisting companies in financial and/or operational distress. As Vice President and regional head of a problem loan group of Bank of America in the 1980's, Prolman recognized troubled businesses' need of experienced, professional, outside leadership capable of guiding them through crisis back to stable and profitable operations.
He and his associates have worked with clients from family owned and operated businesses to large public companies, as well as provided services at the request of, or in conjunction with, Big Four accounting firms. Under his leadership, his team has led hundreds of clients through the workout, turnaround, bankruptcy and/or bankruptcy reorganization process, as well as through periods of crisis management. Prolman and his team of management specialists have consistently provided troubled businesses the necessary services to guide them through crisis to the best possible outcome for each particular client.
Prolman has served as an adjunct professor and has lectured on banking and finance for graduate and undergraduate programs. He has served on the Board of Directors of the San Diego Bankruptcy Forum and the Southern California Turnaround Management Association and is a member of the American Bankruptcy Institute and the Association of Insolvency and Restructuring Advisors. Prolman holds a Bachelor of Science in Business Administration from Boston University's School of Management and an M.B.A. from the University of Southern California Marshall School of Business.
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