Candice Kline has been appointed as an assistant professor of law at the University of Toledo College of Law in Toledo, Ohio. She will teach business bankruptcy in Fall 2024 and corporate law courses in Spring 2025. Candice is licensed in Illinois and Ohio and will continue her law practice as of counsel with Saul Ewing LLP.
Member Michael H. Traison along with Cullen and Dykman LLP attorneys Bozena M. Diaz and Michael Kwiatkowski participated in a panel discussion with attorneys from Skarbiec Law Firm, one of the most prominent and oldest law firms in Poland, which discussed and compared various aspects of American and Polish law, including insolvency, bankruptcy, and certain areas of corporate and tax law. The purpose of the seminar was to educate attendees about the different approaches that the laws of the two countries take on a variety of legal issues, and to alert them to be aware of those when engaging in cross-border transactions involving both Polish and American constituents.
Led by member Michael H. Traison and attorney Michelle McMahon, Cullen and Dykman’s Bankruptcy and Creditors’ Rights department is pleased to announce that the firm has been selected to represent the Official Committee of Unsecured Creditors of Midwest Christian Villages Inc. , et al. pending in the Bankruptcy Court in the Eastern District of Missouri. Michelle and Michael are both highly experienced in representation of committees of creditors in cases around the country. Creditors’ committees in chapter 11 cases represent the interests of the unsecured creditors.
Creative Planning Business Services, a leader in turnaround services and consulting, has won the TMA 2024 Minnesota Chapter Mid-Size Transaction of the Year Award for its work with Element LLC, a 70-million-galllon ethanol. As a receiver, Creative Planning Business Services executed a going concern sale for $44 million dollar sale and preserved all jobs. The project was led by Chris Tomas, Keith Carpenter and Dan Turnquist. This marks Creative Planning’s third award in four years, highlighting the firm’s expertise in managing complex transactions.
Charles Winternitz, President of Winternitz Industrial Auctioneers & Appraisers Announces the completion of the following Auctions: Granite Peak Fabrication, Tank Mfg. Equip. (Midland, TX). SCP and Annie’s Fun House, Screen Printing Equip. (Batavia, IL); Creative-Werks, Contract Pkg’r (Bensenville, IL); CNH Industrial, 3-Day Auction (Burr Ridge, IL); Loyola Paper (Elk Grove Village, IL); Hieronymi Partnership/Solar Panel Mfg. (Iowa City, IA). Upcoming Auctions include: a Turnkey Offering of Fermented Nutrition, Whey Products (Luxemburg, WI); Christensen Printing (Lincoln, NE); Marion Mfg., CNC Tool & Die (Morton, IL); Victory Tailgate, Digital Printing (Orlando, FL); Wild Rose Foods, Protein Process. & Pkg. Equipment (Beaverton, OR). For more information, or Inquiries, Contact: Charles Winternitz, charlie@winternitz.com, or www.Winternitz.com.
Eric Welchko leads the launch of Harney Capital, a boutique investment banking firm specializing in middle-market solutions. This new venture leverages Harney Partners’ deep industry knowledge and expertise to provide tailored M&A, capital placement, and strategic assessment services. The firm is actively engaged in the market through various transactions and is eager to connect with fellow TMA members. More at www.harneycapital.com.
Hyper Valuation Services, a division of HYPERAMS, is pleased to announce that Jarrett Levy joined the firm as Director of Business Development in mid-2024. In his role at HVS, Levy is focusing on driving continued and future sales growth of HVS’ appraisal business, establishing productive relationships with existing and new clients across the country, and particularly the Southeast market.
Robert Meyers, President of Republic Business Credit is proud to announce that he hired Brian Resutek, SVP, Southeast Regional Manager in the Atlanta market, recently featured “People on the Move” in Banking & Finance by the Atlanta Business Chronicle. In addition to Mr. Resutek, Republic hired six other people in its Los Angeles, New Orleans and Houston office to continue its growth strategy.
Suzanne Koenig has been appointed as the Patient Care Ombudsman and separately as Receiver in numerous cases tied to distressed healthcare facilities across the US. In addition, Ms. Koenig sat down with Severine Petras, CEO of Priority Life Care, to appear on an episode of Her Stories, where Ms. Koenig talked about starting her business, what it means to be a Patient Care Ombudsman of Healthcare Facilities such as Hospitals and Senior Housing in the Bankruptcy process, as well as, operating facilities as a third party manager and providing quality care for the residents during these challenging times.
Jennifer Meyerowitz, Chief Growth Officer and General Counsel, recently spoke on a panel at a Commercial Receiver’s Association event in Atlanta, Georgia on August 27 about her experiences serving as an operator and a receiver in healthcare receivership engagements. Ms. Meyerowitz will also be speaking at the ABI Midwest Conference in Kansas City on October 24 on “Underperforming and Nonperforming Health Care Facilities.”
TMA Chicago/Midwest members Aaron Hammer and Nate Delman are serving as counsel to Committee Co-Chair Sysco Food Corporation in the Buca Di Beppo bankruptcy. The Italian Restaurant chain filed for relief under Chapter 11 in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. Sysco looks forward to adding value to the Creditors’ Committee to maximize distributions to the unsecured creditor pool.
Rick Rein and Nate Delman represented the pre-petition senior secured lender and DIP lender CIBC Bank USA in the sale of its collateral in the Oberweis Dairy bankruptcy cases in the Northern District of Illinois. The sale process was accomplished within 60 days of the bankruptcy filing, and the Bankruptcy Court has already awarded CIBC a provisional payment in excess of $14 million for its secured claim.
Kilpatrick Townsend & Stockton, LLP is pleased to have been selected as Counsel to the Official Committee of Unsecured Creditors in the WOB Holdings, LLC (World of Beer) Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida. TMA members Aaron Hammer and Nate Delman are part the team advocating on behalf the Debtors’ unsecured creditors.
