Your browser is currently set to block JavaScript.

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser.

After enabling javascript, please refresh the page to go back to site with full functionality

Would you turn off/on JavaScript?

It's a widely used language that makes the web what it is today, allowing for websites to be more responsive, dynamic, and interactive. Disabling JavaScript takes websites back to a time when they were simple documents without any other features.

What are the advantages of using JavaScript?

Speed. Since JavaScript is an 'interpreted' language, it reduces the time required by other programming languages like Java for compilation. JavaScript is also a client-side script, speeding up the execution of the program as it saves the time required to connect to the server.

banner ad
Experts Logo


When The Bank Wants You To Leave - How a restructuring partner can help you stay

By: Tony Wayne
Tel: 913-851-0027
Email Mr. Wayne


View Profile on

Sound familiar?

Two years ago, you finally closed the big merger deal you spent what seems like years working on. Perhaps, your business is tied to commercial real estate development, construction, or building materials. Just when you were ready to start that big ramp up, the bottom fell out.

Once a very enthusiastic partner in the deal, now your friendly community banker has asked you to find a new banking relationship. You don't know how this can be accomplished and quite frankly, neither do they, most likely.

Do you just toss them the keys?

These are extremely emotional, even gut wrenching times. Assuming they leveraged their business acquisition with secured debt, both borrower and lender face a dilemna and need help themselves in sorting through their recovery options.

Patience and trust has all but disappeared. The objective, unbiased persective of an independent turnaround professional can help both lender and borrower alike, to sort through the potential options where none of them are all that attractive.

There are factors in today's economic downturn that are making these choices even more difficult than in previous recessions:

  • The rather sudden and unexpected collapse in the secured lending markets of a year ago.
  • Local and regional community banks lend more heavily to commercial and residential real estate developers, contractors, and other borrowers heavily tied to real estate and development. Very little if any new loan paper is being booked to this sector.
  • Debtor in possession financing availability to borrowers who might otherwise consider a Chapter 11 reorganization is quite scarce and expensive at the moment, with interest rates approaching 15- 20% in many, if not most cases.
  • Values for underlying collateral are largely influenced by prices being paid by hedge funds who invest in large bundles of distressed debt.
  • TARP funding has encouraged an aggressive effort by some banks to quickly unload troubled loans, contributing to a glut of distressed debt and underlying collateral.

A summary of 2009 FDIC year to date loan sales through early August is below.

Although this is data only for institutions taken over by the FDIC, these numbers are incredible when considering the average sale to loan value for the eight-year period preceeding September 2008 was 72%, on 4446 loan sales. Through early August, they had sold 5556 loans in this year alone for an average value of just 51%.

Much of this downward pressure is related to real estate.

How might

. . .Continue to read rest of article (PDF).

Tony Wayne, CPA, CFF, CVA, CIRA, is a Certified Public Accountant with over 25 years of private industry senior operations experience. After a diverse career spanning 15 years in Big 8 public accounting/consulting and private industry, Mr. Wayne founded IronHorse in 1998 with an emphasis on complex turnarounds and restructuring consulting, crisis management, advisory services, CFO services, and litigation support. IronHorse is an ideal solutions resource for the closely held, family owned middle, or small-market industrial firms in transition serving a six-state region including Nebraska, Iowa, Kansas, Missouri, Oklahoma and Arkansas.

©Copyright - All Rights Reserved


Related articles


2/18/2005· Finance

Aristocracizing America

By: Herbert B. Siegel, PhD

Beginning with The Bank Holding Act of 1956 that exempted Industrial Loan Companies from federal banking regulations except for keeping them eligible for government- sponsored FDIC insurance, these secondary lenders were a valuable source of high interest loans to a public segment otherwise unbankable. A financial stranglehold has proliferated on all citizens, however, because of misusing an otherwise well conceived statute


10/1/2015· Finance

Effective Commercial Collection Techniques

By: Darryl Horowitt

It is an unfortunate fact of business that from time to time one of your customers will not pay for goods or services you provide. It is a frustrating and sometimes helpless feeling that you have knowing that even though you provided a valuable product or service, for reasons beyond your control you are simply not paid. How do you collect your money? What follows are some techniques that will help you effectively collect your receivables.


6/20/2018· Finance

Financial Scams Part of a Wide Array of Elder Abuse Problems in the United States

By: Marguerita Cheng

With the aging of the U.S. population, financial exploitation and abuse of seniors is a serious and growing problem. According to the FBI, scammers tend to target the aging population because they are more likely to have excellent credit and substantial savings.

; broker Movie Ad

Follow us

linkedin logo youtube logo rss feed logo