Turnaround Time

Turnaround Management Association NYC

Turnaround Time from the Turnaround Management Association NYC features in-depth conversations between some of its more than 10,000 members in 53 chapters worldwide. TMA members work to strengthen the global economy by saving distressed businesses, navigating off-plan events and helping health companies avoid similar pitfalls — all incredibly important topics but even more so in today's troubled economy. Learn more about the TMA at turnaround.org.

  1. JAN 15

    Distressed M&A Due Diligence: Legal, Financial and Operational Insights from the Front Lines

    What does it take to buy or sell a company when time is running out, and the stakes couldn't be higher? In this episode, Bethany D. Simmons of Loeb & Loeb LLP leads a panel of restructuring pros (Skylar Bonné, Michael Sabino and Michael Sicari) through the unique challenges of due diligence in distressed M&A transactions. Together, they explore what happens when traditional deal timelines collide with liquidity crunches, covenant breaches and the very real deadline of a company's cash running out. The panel unpacks the critical differences between in-court Section 363 sales and out-of-court transactions, the risks of successor liability in asset versus stock sales, and the hidden pitfalls lurking in everything from outdated ERP systems to improperly burdened overhead costs. From PII and intellectual property considerations to the art of positioning distressed assets for the right buyer, this conversation offers practical insights for anyone navigating the high-pressure world of distressed transactions. To learn more about turnaround management, news, and experts, visit turnaround.org.   Episode Links Our episode is sponsored by GlassRatner. Learn more about Skylar Bonné. Learn more about Michael Sabino. Learn more about Michael Sicari. Learn more about Bethany D. Simmons. Learn more about the Turnaround Management Association here. Our music is by Kit and the Calltones.

    1h 9m
  2. 07/15/2025

    Tales from the Trenches: A Father-Son Conversation on 40 Years of Restructuring

    In this unique episode, restructuring legend Moe Bordwin sits down with his son Harold for a conversation that spans four decades of industry evolution. Moe founded Keen-Summit Capital Partners in 1982 during the height of the leveraged buyout era, when junk bond financing fueled spectacular corporate collapses and created opportunities for skilled restructuring professionals. He shares vivid stories from the rough-and-tumble world of 1980s retail restructuring, including his work on the Bonwit Teller bankruptcy — the iconic Fifth Avenue department store whose demolition for Trump Tower became a symbol of an era's excess. Harold, now principal and co-president of Keen-Summit alongside his brother Matthew, brings the perspective of today's sophisticated restructuring practice. Under their leadership, the firm has handled over $3 billion in transactions across 27,000 properties, representing clients from property owners to commercial tenants across various industries. This father-son conversation offers rare insights into how the restructuring industry evolved from its Wild West origins to today's professional practice. To learn more about turnaround management, news, and experts, visit turnaround.org.   Episode Links Our episode is sponsored by Arthur B. Levine Co., Inc. Learn more about Harold Bordwin at Keen-Summit Capital Partners. Learn more about the Turnaround Management Association here. Our music is by Kit and the Calltones.

    47 min

Ratings & Reviews

5
out of 5
3 Ratings

About

Turnaround Time from the Turnaround Management Association NYC features in-depth conversations between some of its more than 10,000 members in 53 chapters worldwide. TMA members work to strengthen the global economy by saving distressed businesses, navigating off-plan events and helping health companies avoid similar pitfalls — all incredibly important topics but even more so in today's troubled economy. Learn more about the TMA at turnaround.org.

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