Join TMA West Michigan for the 2nd Annual Case Study Luncheon Series: “Sinking Ship LLC”, A Receivership Tale. Focusing on a single fictitious turnaround scenario, panelists and moderators will beguile you with the tale of this company's experience over the course of 3 sessions.
CLICK HERE TO VIEW THE FACT PATTERN FOR THE CASE OF SINKING SHIP LLC
January 10, 2017 Session 1:
Storm Clouds on the Horizon- Turnaround Issues and Implementation of a Restructuring Plan
Where: The University Club
111 Lyon St NW
Grand Rapids, MI 49503
Time: 11:45 AM - 1:00 PM
Discussion Topics to Include:
- Differences between a CRO and turnaround consultant
- How does a CRO/turnaround consultant get hired--who does the hiring, issues surrounding scope of a CRO?
- What role do Sinking Ship’s owners/employees still play if a CRO is involved?
- What does a CRO/turnaround consultant address?
Moderator: Elizabeth Von Eitzen (Warner Norcross & Judd)
Panelists: Bob Wolford (Miller Johnson), Michael Sheehan (Huntington National Bank) and Chip Hoebeke (Rehmann)
Additional dates to follow:
February 14, 2017 Session 2: The Hurricane Hits- Receivership and State Court Law
March 14, 2017 Session 3: Salvaging the Wreckage- Bankruptcy
April 18, 2017 A Real Life Turnaround Success Story
Purchase tickets to attend the entire series prior to January and receive a strong discount | Buy 3 get one free!
Entire Series- TMA Member | $75
Entire Series- Non Member | $120
Entire Series- NextGen | $45
Single Event Ticket- TMA Member | $25
Single Event Ticket- Non Member | $40
Single Event Ticket- NextGen | $15
Who should attend: Turnaround professionals including: turnaround specialists, CTAs, CPAs, attorneys, economists, bankers, loan officers, accountants and other professionals working in insolvency. Business community-members-at-large including: executives, management, owners, operators and board members.
Not a member? Click here to join!
Read to the tune of the Gilligan’s Island Theme Song:
Just sit right back
And you’ll hear a tale
A tale of a Receivership
That started when the market sunk
For this family biz
The state was one of concern and angst
The next steps were unsure
They asked the bankers to come in
For a three hour tour
A three hour tour
The discussions started getting hot
The forbearance plan was tossed
“Get this fixed right now!” they barked
Or the funding will be lost
The funding will be lost
More problems started to surface
And stumped the CRO
High overhead, Embezzlement too.
And family strife.
The details are
Available for you to see
In the Bankruptcy File.