Recent Articles

Is CIT Relevant?

Richard Feferman
July 19, 2009 07:59

CIT provides financing to over 1,000,000 small and mid-sized businesses.    CIT provides more loans than any other lender under the Small Business Administrations most popular program.       CIT is the provider of capital to America's small businesses. One...

US Bankruptcies to Rise 45% in 2009

Richard Feferman
June 06, 2009 01:06

    CNNMoney.com reports credit insurer Euler Hermes ACI forecasts a 45% increase in bankruptcy filings in 2009. Banks are in danger as US business bankruptcies may be up sharply.       The FDIC reports year over year charge-offs to commercial and...

Commercial Bankruptcy Filings On The Rise

Richard Feferman
June 03, 2009 15:08

    Chelsea Emery of Reuters covers corporate bankruptcy and restructuring. On Reuters shop-talk blog, Chelsea reports that commercial bankruptcy filings in May were up sharply from the same month a year earlier. 7,514 bankruptcy petitions were filed for businesses in 2009 compared...

Improve the Odds of Getting Paid - Form a Creditors' Committee

Richard Feferman
May 24, 2009 23:05

    The president of a tire company called me to discuss what to do as a result of a customer going into Chapter 11. He asked what could he do that isn’t going to require him to come up with any cash, is not going to take much time, and has the potential to be very...

Customer Bankruptcies - Form a Creditors Committee

Richard Feferman
May 24, 2009 23:05

    The president of a tire company called me to discuss what to do as a result of a customer going into chapter 11. He asked what could he do that isn’t going to require him to come up with any cash, is not going to take much time, and has the potential to be very...

Will California Go Bankrupt?

Richard Feferman
May 17, 2009 02:34

    Wall Street Journal columnist John Fund thinks a federal bailout [with conditions] will be negotiated. The state's revenues are in free fall and a budget deal is not expected to be approved next week by voters.       In a video posted on the Wall Street...

Global Economic Outlook: The Baseline Scenario

Richard Feferman
January 31, 2009 21:26

MIT Professor Simon Johnson is a thought leader on the Global Economy. His blog The Baseline Scenario is a great resource for understanding today's financial crisis. Last week he presented his Global Economic Outlook to the Senate Budget Committee.   I'm of the opinion that The Baseline...

Financial Bailouts - A Letter To Congressman Brian Bilbray

Richard Feferman
November 18, 2008 15:56

Dear Sir: The goal of federally financed bailouts should only be to augment feasible plans of reorganization, not to prolong the life of businesses beyond hope. Bailout recipients should be required to devise and execute a feasible "Plan of Reorganization" as in Chapter 11 of the...

Alternative Sources of Recovery: Lehman Brothers' Directors & Officers

Richard Feferman
October 06, 2008 02:44

 A couple of articles in the Wall Street Journal here and here are the basis for my bet that we are going see claims against Lehman's directors and officers insurance coverage. Perhaps even a fight over who is entitled to make claims against any policies. See Kimberly Melvin's article for...

US Home Prices Declining at Accelerated Rate

Richard Feferman
May 29, 2008 02:49

We all know the housing bubble was inflated by easy credit and that market has become totally unhinged. The Credit Market's issues are far from being sorted out. Certainly this is not going to be resolved in the short term. I think it is a fairy tail to believe the same abundant levels of consumer...