In this "Best Practices for Turning Around Distressed Companies" post, Yoav M. Cohen will share examples of companies that have had successful turnarounds.
In this series, Yoav M. Cohen will share tips for how to best execute turnarounds. In this blog, you'll learn the steps for saving a distressed company.
In this new series, Intralinks has partnered with Yoav M. Cohen, Managing Partner and CEO of NYC Advisors, LLC, to learn how to best execute turnarounds.
The economic forecast now seems to be improving, despite the Wall Street Journal's report on Monday that personal bankruptcy filings have topped one million for the first three quarters of 2009, as corporations are now filing for Chapter 11 at a slower rate and the pace of defaults is slowing as well.
Despite better industry leadership, economic recovery efforts and some recent upticks in the stock markets, the economy will continue to struggle in the near term before conditions stabilize and improve. There will be more bankruptcy filings, and the courts, law firms and restructuring advisors will remain busy for a while.