Blank Rome partner Paige Barr Tinkham and associate Amanda M. Noonan will serve as panelists at Information Management Network’s (“IMN”) 13th Annual Distressed Forum for Bank Special Assets (Midwest), being held September 23 and 24, 2024, in Chicago, Illinois.
ABOUT THE FORUM
At the forum, special assets, Small Business Association(“SBA”), credit, loan review, risk management, special servicers, and C-level executives can meet to discuss the latest credit and workout issues. Local Midwest, regional, and international bank professionals, as well as a wide array of sector specialists, will provide education, networking, deal-making, and professional development in the special asset and SBA space.
ABOUT THE SESSIONS
CRE Litigation: Costs, Collections, Damages, Time & Alternative Solutions
September 23 | 1:30–2:15 p.m.
Topics:
- How has the volume of litigation changed in the past year? Where are you targeting cases of distress?
- Understanding the costs and time associated with litigation funding. How much is this going to cost? How long is this going to take? How do I prepare for this?
- What non-litigious alternatives are available in various situations?
- When might litigation be necessary? What are the best and worst possible outcomes? How do you evaluate your potential litigator? How do you devise a strategy?
- How to ensure that you get you recover your money with minimal issues
- Lessons learned from successful collections and how to avoid the cases that go wrong
- Which new technologies are changing the way in which collections and enforcement is managed?
- How can existing technologies be better utilized to gain the most efficiency within these processes?
- What strategies can be used to minimize collection costs? Which pitfalls should be avoided to sidestep unexpected costs? How can attorney fees be recovered?
- When to settle and how to save face
- Case studies from the last six to 12 months
Panelists:
- William Serritella, Partner, Taft Law
- Amanda Noonan, Associate, Blank Rome LLP
- John Winter, Partner, Chartwell Law
- Brandon Freud, Principal, Chuhak Tecson
Executing a Successful Receivership
September 23 | 3:45–4:30 p.m.
Topics:
- How has the outlook changed for receiverships as a workout remedy?
- Which asset classes and markets have been most significantly impacted in the past year?
- What are some of the lesser-known challenges and keys to success in executing receiverships?
- What questions should you be asking your receiver?
- What do all parties need to know about the initial receivership order, powers and authorities and reporting requirements to the court?
- Lessons learned from more complex or less successful receiverships?
- Thoughts on remainder of 2024 and going into 2025
- Creditor workout strategies when borrower files bankruptcy (“BK”)
- Benefits of state receivership over BK; vice versa
- How to prepare for or reducing prevalence of BK/receivership filings through workout and related agreements with borrowers
- Loan sale market for loans in BK or receivership
- From buyer side: what to look for, how to find good deals, when to buy after a filing
- From sell side: effect BK/receiverships have on pricing, sell or keep after a filing, when to sell after a BK filing
- What’s unique about selling notes in the context of BK or state-receiverships?
Panelists:
- Dennis Gemberling, Receiver/Property Manager, Perry Group International
- Paige Tinkham, Partner, Blank Rome LLP
- Matthew Tarshis, Principal/Managing Partner, Frontline Real Estate Partners
- Randall Coxworth, Partner, Stoneturn
Blank Rome LLP is pleased to be a Silver Sponsor of the Forum.
For more information and to register, please visit the event webpage.
