Skip to main content

%1

Challenges in Valuing and Restructuring a Continuing-Care Facility, Litigation Claims in Bankruptcy and Grocery Retail Valuations Among Issues to Be Discussed at the VALCON 2020 Conference

Submitted by jhartgen@abi.org on

Leading bankruptcy professionals and dealmakers will converge at the “VALCON 2020: How to Flex When in Flux” conference, taking place at the Four Seasons Hotel in Las Vegas February 26-28, 2020. The conference is sponsored by the American Bankruptcy Institute and the Association of Insolvency & Restructuring Advisors, and attendees can earn up to 13.2/13 hours of CLE/CPE credit, including 1.2/1 hour of ethics. The luncheon keynote will feature unique and thoughtful bankruptcy insights from John “Jack” Wm. Butler, Jr. of Birch Lake Holdings, L.P. (Chicago) and Hon. Kevin J. Carey (Ret.) of Hogan Lovells US LLP (Philadelphia). Jack F. Williams of Baker Tilly Virchow Krause, LLP (Atlanta) and Patricia B. Tomasco of Quinn Emanuel Urquhart & Sullivan, LLP (Houston) are the co-chairs for the conference.

Sessions include:

  • Case Study in Conjunction with the 2020 Complex Financial Restructuring Program: The Challenges in Valuing and Restructuring Distressed Continuing Care Retirement Facilities (CCRCs)
  • Hot Topics in Valuation
  • Valuation of Litigation Claims and Causes of Action in Bankruptcy
  • The Latest Investment Banking, Turnaround and Legal Insights on Rapid Changes in Grocery Retail
  • Valuation of Intangible Assets and Non-Debt Liabilities
  • Cross-Border Valuation Issues
  • Diminution in Value Claims
  • Valuation Meets the Amazing Kreskin: Valuing Contingent Assets and Liabilities
  • Expert Pitfalls — and Ways to Avoid Them
  • Alix v. McKinsey: 2014 Issues and Ethics

For a program schedule and full list of speakers, please click here.

Members of the press looking to attend the VALCON 2020 conference should contact ABI Public Affairs Officer John Hartgen at 703-894-5935 or jhartgen@abiworld.org.

###

ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 11,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abi.org/calendar-of-events.

Article Tags

Emerge Energy Spars with Unsecured Creditors over Company’s Worth

Submitted by jhartgen@abi.org on

Bankrupt fracking-sand supplier Emerge Energy Services LP is sparring with the committee representing its unsecured creditors over the value the company’s assets, WSJ Pro Bankruptcy reported. The committee says the Fort Worth, Texas-based company is worth nearly double what Emerge has estimated as its worth. Emerge Energy’s experts have valued the company at roughly $200 million, while the committee’s experts say it is worth about $390 million. Patrick J. Carew, a lawyer representing the committee, said, “The fact that the debtors have had a shift in their industry, the fact that they have had constrained liquidity, does not mean these debtors are not valuable.” Hugh Keenan Murtagh, a lawyer representing Emerge Energy, said the company’s operations are challenged and its outlook is uncertain. Over the past couple of years, Emerge Energy hasn’t met its earnings projections and has had to revise lower owing to volatility in the oil-and-gas industry, Murtagh said. For example, pretax earnings for 2018 were forecast to be $135 million, but the actual results were $36 million, he said. Judge Karen Owens is expected to hear testimony over the company’s valuation over the next couple of weeks before confirming Emerge Energy’s chapter 11 reorganization plan.