Effective Corporate Turnarounds

Upon successful completion of this course, participants will be able to:

• Identify the reasons why a deliberate turnaround effort is needed.
• Recall the components of the cash conversion cycle.
• Specify the reasons why a lender might grant a loan forbearance.
• Identify the options for accelerating cash flows into a business.
• Recall how a mechanic’s lien works.
• Specify how a surety arrangement works.
• Identify the circumstances under which a lender can seize the property of a borrower.
• Recall the conditions for creating a security interest in a borrower’s personal property.
• Specify the priority of claims in a credit arrangement.
• Recall the requirements of the Worker Adjustment and Retraining Notification Act.
• Recognize the legal underpinnings of creditor actions to seize debtor assets.
• Specify how a lien is used and what happens when an asset is sold that has a lien attached to it.
• Specify the best point in time at which to file for bankruptcy protection.
• Identify the debt adjustments usually made as the result of a workout arrangement.
• State the circumstances under which an involuntary bankruptcy petition can be filed.
• Describe the group represented by a creditors’ committee.
• Specify the contents of a bankruptcy plan.
• Specify the various ways in which a court can oversee the activities of a debtor under bankruptcy protection.
• Recognize the priorities for the payment of administrative expenses.