Bankruptcy Blogs

A team of turnaround professionals has struck out from advisory firm Conway MacKenzie to launch a new firm that will not only advise and lead troubled companies but may also invest in some of those businesses.

Larry Perkins, a former Conway senior managing director, is leading the eight-person team behind Sierra Constellation Partners LLC, which he says offers a new way of helping troubled middle-market companies and their stakeholders.

“Our industry…has matured a lot,” Mr. Perkins told Daily Bankruptcy Review Thursday. “I think the market is searching for a new model.”

The exchange rate may be volatile now, but as the market eventually finds equilibrium and stabilizes, bitcoin will become an important store of value — beyond restriction and confiscation.

Receiving Wide Coverage ...

Chairman and CEO?: Goldman Sachs' Lloyd Blankfein has successfully skirted a vote that could have split up his role as CEO and chairman after striking a deal with the investment group putting forth the proposal. The deal beefs up the role of lead director James Schiro, who will, moving forward, "set the agenda for the board, instead of merely approving it" and "write his own letter to shareholders in the proxy statement,"...

Bankruptcy Benefits The term “Bankruptcy” is not a four letter word.  Many people think that bankruptcy will ruin their credit for the rest of their life, and leave them without the option to purchase a new home or car.  Many of the myths that surround bankruptcy simply are not true, and in most cases, there [...]

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