Originally published in ABF Journal.
A recent episode of the ABF Journal Podcast explores a strategy that is increasingly vital for middle-market companies caught in a “bottleneck” of distressed debt. As interest rates remain high and businesses are burdened by layered debt—including the predatory impact of Merchant Cash Advances (MCAs)—traditional turnarounds or costly bankruptcies aren’t always the fastest path to stability.
In a recent article for ABF Journal, “A Workout Without the Mess: When is Article 9 Restructuring the Right Path?“, the team at Second Wind Consultants explored how Article 9 of the Uniform Commercial Code can be used as a “surgical” tool to reset a company’s capital structure.
In this podcast, ABF Journal’s Editor in Chief Rita Garwood interviews Adam Duso, CEO of Second Wind Consultants, who breaks down the mechanics of “prepackaged” out-of-court sales, and Jacen Dinoff, CEO of KCP Advisory and Principal with Cornerstone Business Credit, who provides the turnaround and credit committee perspective.