Chicago Turnaround and Lending Professionals Preparing for Increased Workout Activity Through Joint Conference

Apr 03, 2001, 01:00 ET from Turnaround Management Association

    CHICAGO, April 3 /PRNewswire/ -- After several years of business growth,
 the economy is undergoing a significant downturn, creating an increased need
 for professionals involved in corporate renewal, turnarounds, financial
 workouts and restructurings.
     "It's been about eight years since there has been such intense demand for
 our expertise," said Jim Shein, president of the Chicago/Midwest Chapter of
 the Turnaround Management Association (TMA). "Some in the business community
 have not yet experienced a cycle of economic challenges to this degree, so
 it's important all professionals involved in restructurings and workouts get
 up to speed on the most current strategies a turnaround team can employ with a
 troubled business."
     Filling this educational need is the goal of the Chicago /Midwest TMA
 Chapter and the Midwest Chapter of the Commercial Finance Association (CFA)
 April 25, 2001, joint workshop, "Workout Strategies in and out of Bankruptcy."
 Held from 1:00 - 6:30 p.m. at the Harris Bank Auditorium in the Harris Trust
 and Savings Bank, 111 West Monroe Street, 8th Floor, Chicago, this workshop
 will focus on the team of industry professionals who contribute to the success
 of the turnaround, the strategies they employ and the value they create in a
 troubled situation.  The agenda will address lending challenges, turnaround
 options, bankruptcy, out-of-court solutions and exit strategies.  It will be,
 in essence, a training session for lenders, corporate attorneys, turnaround
 practitioners and other professionals involved in the workout industry.
     The cost to attend is $85 for TMA and CFA members/$100 for non-members/
 $40 for students. This program is made possible in part through the Harris
 Bank, CFA and the TMA sponsors. For reservations, contact Cindy McSherry,
 773-604-8322 or info@mma90.com .
     Featured speakers represent top area professionals in the workout industry
 in the banking, legal and turnaround consulting fields, such as:
 
     Tom Allison CTP (Certified Turnaround Professional), Partner, Arthur
     Anderson, LLP
     Beverly Gray, Senior Vice President -- Portfolio Manager, Bank of America
     Ken Latimer, Partner, Duane Morris & Heckscher
     Jim Shein, Counsel, McDermott, Will & Emery
 
     A reception and informal round table discussions with topics as such "Let
 the Lender Beware: the Perishable Agricultural Commodities Act," "Real Estate
 Auctions," "Selling Distressed Companies," and "Turnaround Strategies for
 Manufacturing Companies" follow.
     Members of the media wishing to attend at no cost or to interview speakers
 or TMA or CFA chapter officers should make arrangements with Mitch Rasky,
 312-904-8858 or Cecilia Green, 312-822-9700.
     The Chicago/Midwest Chapter, with nearly 400 members, is one of the
 largest TMA chapters. The Turnaround Management Association
 ( www.turnaround.org ), headquartered in Chicago, is the only international
 nonprofit association dedicated to the development of a stronger economy
 through corporate renewal.  TMA has 32 chapters worldwide, with a membership
 of 4,100, who include financial advisors, turnaround managers, lenders,
 attorneys, and judicial and government personnel who participate in corporate
 financial turnarounds and restructuring.
 
 

SOURCE Turnaround Management Association
    CHICAGO, April 3 /PRNewswire/ -- After several years of business growth,
 the economy is undergoing a significant downturn, creating an increased need
 for professionals involved in corporate renewal, turnarounds, financial
 workouts and restructurings.
     "It's been about eight years since there has been such intense demand for
 our expertise," said Jim Shein, president of the Chicago/Midwest Chapter of
 the Turnaround Management Association (TMA). "Some in the business community
 have not yet experienced a cycle of economic challenges to this degree, so
 it's important all professionals involved in restructurings and workouts get
 up to speed on the most current strategies a turnaround team can employ with a
 troubled business."
     Filling this educational need is the goal of the Chicago /Midwest TMA
 Chapter and the Midwest Chapter of the Commercial Finance Association (CFA)
 April 25, 2001, joint workshop, "Workout Strategies in and out of Bankruptcy."
 Held from 1:00 - 6:30 p.m. at the Harris Bank Auditorium in the Harris Trust
 and Savings Bank, 111 West Monroe Street, 8th Floor, Chicago, this workshop
 will focus on the team of industry professionals who contribute to the success
 of the turnaround, the strategies they employ and the value they create in a
 troubled situation.  The agenda will address lending challenges, turnaround
 options, bankruptcy, out-of-court solutions and exit strategies.  It will be,
 in essence, a training session for lenders, corporate attorneys, turnaround
 practitioners and other professionals involved in the workout industry.
     The cost to attend is $85 for TMA and CFA members/$100 for non-members/
 $40 for students. This program is made possible in part through the Harris
 Bank, CFA and the TMA sponsors. For reservations, contact Cindy McSherry,
 773-604-8322 or info@mma90.com .
     Featured speakers represent top area professionals in the workout industry
 in the banking, legal and turnaround consulting fields, such as:
 
     Tom Allison CTP (Certified Turnaround Professional), Partner, Arthur
     Anderson, LLP
     Beverly Gray, Senior Vice President -- Portfolio Manager, Bank of America
     Ken Latimer, Partner, Duane Morris & Heckscher
     Jim Shein, Counsel, McDermott, Will & Emery
 
     A reception and informal round table discussions with topics as such "Let
 the Lender Beware: the Perishable Agricultural Commodities Act," "Real Estate
 Auctions," "Selling Distressed Companies," and "Turnaround Strategies for
 Manufacturing Companies" follow.
     Members of the media wishing to attend at no cost or to interview speakers
 or TMA or CFA chapter officers should make arrangements with Mitch Rasky,
 312-904-8858 or Cecilia Green, 312-822-9700.
     The Chicago/Midwest Chapter, with nearly 400 members, is one of the
 largest TMA chapters. The Turnaround Management Association
 ( www.turnaround.org ), headquartered in Chicago, is the only international
 nonprofit association dedicated to the development of a stronger economy
 through corporate renewal.  TMA has 32 chapters worldwide, with a membership
 of 4,100, who include financial advisors, turnaround managers, lenders,
 attorneys, and judicial and government personnel who participate in corporate
 financial turnarounds and restructuring.
 
 SOURCE  Turnaround Management Association