Originally published in ABF Journal, by Rita Garwood. Distress is rising across commercial real estate, healthcare, trucking, consumer goods and more, driven by tariffs, rising costs, labor shortages and tighter lending. Top restructuring advisors share where the pressure is building, how companies are getting tripped up and what to expect as the market heads toward a…
By Robert DiNozzi, originally published in Journal of Corporate Renewal on October 6, 2025. In 2023, Namco Pool & Spa was on the brink of financial failure—overleveraged, burdened by nonperforming leases and facing a liquidity crisis. Bankruptcy would have wiped out key investments, strained customer and supplier relationships and drained resources in protracted proceedings….
In 2018, during a business slowdown, Ron's landscaping services business took on some merchant cash advances (MCAs) so that he could continue to pay his 40 employees. Shortly after taking the first advance, he began to feel caught in an endless cycle of trying to keep his head above water. It was starting to take…
Nothing brings us more joy than another happy customer. Here’s what Norm had to say: “I have a good business that got messed up with MCA advances. I was just about ready to close up my $3.1M business and release over 51,000 customers to competitors. I had no idea what to do, who to call…
The story of Heavy Duty Radiator (now JMP Industries) is one of resilience, turnaround and reinvention. It is a story that was made possible through an Article 9 Restructuring, creative financing solutions, and a hands-on approach with critical contractors. Once on the brink of failure and liquidation, Heavy Duty Radiator was able to shed its…
The story of Heavy Duty Radiator (now JMP Industries) is one of resilience, turnaround and reinvention. It is a story that was made possible through an Article 9 Restructuring, creative financing solutions, and a hands-on approach with critical contractors. Once on the brink of failure and liquidation, Heavy Duty Radiator was able to shed its…
Originally published in ABF Journal. Parent company, Second Wind Consultants, worked with Chase Bank to reorganize a consumer construction supply company through an Article 9 restructuring that resulted in a $2 million recovery for the bank. Prior to the restructuring, Chase Bank faced a $1.8 million deficiency on a $2.8 million senior note. The resulting…
Originally posted in ABFJournal | Written by Phil Neuffer Parent company, Second Wind Consultants, restructured a client of Emigrant Bank so it could avoid formal liquidation. The client is a telecommunications infrastructure company with annual revenues of $20 million. Through the restructuring, Second Wind Consultants increased Emigrant Bank’s recovery from $800,000 in asset valuation to…
Originally posted in ABFJournal | Written by Robert DiNozzi, Chief Growth Officer, Second Wind Consultants Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner…
Originally published in ABF Journal. Second Wind Consultants facilitated Logan Fund’s purchase of a distressed note at $2 million par from BOK Financial. BOK Financial will exit from a lending relationship with a printed circuit board assembly company that has 60 employees. Second Wind Consultants reorganized the printed circuit board assembly company’s business through a UCC Article 9…
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