Taft partners William J. Serritella, Jr. and Kristine Kolky will be featured speakers at the 9th Annual Midwest Bank Special Assets & Credit Officer's Forum in Chicago on Sept. 12-13.
Serritella will moderate the panel "The Next Phase in Workouts: What to Expect in 2020" The session will cover:
- Which asset classes are most susceptible to workouts as the economic cycle matures?
- When does it make sense to retain a turnaround expert for your workout? How do you evaluate potential turnaround managers? What opportunities exist for turnaround managers in the current market?
- How long does it typically take to complete a workout? Which markets are seeing the most growth in workouts? What’s your outlook for workouts for the rest of the year and in 2020?
- What are the unique attributes and challenges of SBA loan workouts? How do these differ across larger 504, 7-A, and credit-scored loans?
- What have you learned from recent successful and not-so-successful workouts?
Kolky will be a panelist for "Case Studies in Receivership & Bankruptcy." The session includes:
- What do you consider to be best practices in receivership at this stage in the cycle? By contrast, what lessons have you learned from not-so-successful receivership processes?
- What’s your decision-making process for using a receiver? In which situations would you opt against using a receiver? How do you vet receiver candidates, as well as quantify their costs and benefits?
- When does it make more sense to explore ABCs vs. Bankruptcies vs. Article 9?
- What opportunities are being created by the recent rise in Chapter 12 filings for family farm bankruptcies, particularly in the Midwest?
- In the Chicago area, what are some of the most recent deals in which assets were put into receivership? What asset types are experiencing the highest rate of receivership deals, and what might that indicate about the outlook for receivers in the city and the Midwest? What are the key differences in the receiver’s role by state?
For more information or to register to attend, click here.
Serritella is a commercial litigator who focuses his practice on banking, commercial, bankruptcy and appellate litigation. He lectures on numerous topics, including commercial workouts, Uniform Commercial Code issues, bankruptcy, trial practice, appellate practice, contract law and alternative billing practices.
Kolky focuses her practice on complex commercial litigation, including commercial foreclosure and creditor’s rights litigation. She regularly represents financial institutions and other lenders in litigation arising from commercial transactions, contract disputes and real estate matters. Kolky also represents court-appointed receivers in various litigation and has experience handling employment disputes and mechanics lien litigation.