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Overview:

The economic turmoil brought by the COVID-19 pandemic has given rise to a wave of distressed companies. Because of today’s chaotic economic landscape, these distressed companies need to be more well-versed in dealing with their debts and obligations. With the unprecedented challenges of managing distressed debts in the backdrop, both lenders and creditors will need to explore available options such as restructurings and workouts with increased prudence.

A thorough understanding of how to implement restructurings and workouts can help businesses amplify their chances of a successful loan renegotiation. Businesses should also continuously reassess their financial status and keep their communication with their lenders open.

In this CLE Webcast, bankruptcy and restructuring experts Kirk B. Burkley (Bernstein-Burkley, P.C.) and Mark Podgainy (Getzler Henrich & Associates LLC) will provide a practical guide on how companies can navigate the various issues surrounding distressed debt, restructurings, and workouts. Speakers will also present tactics that can be utilized to manage and avoid risks in the workout process.

 

Key topics include:

  • Distressed Debts and COVID-19
  • Recent Updates and Developments
  • Restructurings and Workouts: Challenges and Opportunities
  • Risk Management
  • Best Practices

Learning Objective:

  • Determine the considerations companies should take when planning restructurings or workouts due to distressed debts

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

Live Webcast; Group-Internet Based

 

Prerequisite:

General knowledge of bankruptcy laws

 

Course Code:

149350

 

NY Category of CLE Credit:

Areas of Professional Practice

 

NASBA Field of Study:

Business Law – Technical

 

Total Credits:

1.0 CLE

1.0 CPE (Not eligible for QAS (On-demand) CPE credit)


CLE State Requirements:

https://knowledgewebcasts.com/cle-state-requirements/

Speaker Panel:

Kirk B. Burkley, Managing Partner
Bernstein-Burkley, P.C.

Kirk B. Burkley is the current Chairman of the American Board of Certification and the Managing Partner at Bernstein-Burkley, P.C., with locations in Pittsburgh, Cleveland, and Wheeling, W.Va. Kirk is experienced in representing secured and unsecured creditors in bankruptcy, financial restructuring, and workout situations, including the representation of numerous unsecured creditors’ committees, equipment lessors, and commercial landlords. Kirk has been named to the Pennsylvania Super Lawyers list every year since 2013 and has been recognized by Best Lawyers® every year since 2011. In 2020, he was named to the Top 50 Pittsburgh Super Lawyers List and was the only attorney specializing in bankruptcy and restructuring to be included on the list.

Mark Podgainy, Managing Director
Getzler Henrich & Associates LLC

Mark Podgainy is a Managing Director in the New York office of Getzler Henrich & Associates.; he has more than 20 years of experience working with healthy, underperforming and distressed middle market businesses, both as an advisor and as a member of the management team.  He has worked with companies in situations ranging from healthy to bankruptcy, where he has provided operations restructuring, business plan analysis, performance improvement, cash and vendor management, bankruptcy consulting and interim management services.  He has also worked with law firms on forensic and litigation support assignments in bankruptcy cases.  His clients have included business owners, boards of directors, private equity firms, lenders, creditors’ committees and law firms, and he has worked primarily in the consumer products, building products, food, hospitality, retail, apparel and textile, and real estate sectors.

Agenda:

Kirk B. Burkley, Managing Partner

Bernstein-Burkley, P.C.

AND

Mark Podgainy, Managing Director

Getzler Henrich & Associates LLC

1. Background

a. Recap of the last year

b. Where are we today?

2. What are the restructuring options today, in the context of the current environment?  And what are the considerations?

a. Relief Under the Bankruptcy Code

b. Out-of-court

3. Workout

a. Business Assessment

b. Key workout elements – what’s specific and most relevant to today’s environment?

c. Key considerations for workouts in the current environment – practical guide

d. Other options

Date & Time:

Thursday, April 29, 2021

12:00 pm to 1:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Bankruptcy and Restructuring Lawyers
  • Corporate Finance Lawyers
  • Financial Reporting Officers
  • Asset Management Officers
  • Financial Advisers
  • Financial Analyst
  • Auditors and Accountants
  • Top-Level Executives
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SPEAKERS

Kirk B. BurkleyManaging Partner
Bernstein-Burkley, P.C.
Mark PodgainyManaging Director
Getzler Henrich & Associates LLC

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