WEISS ON WORKOUTS; CONNECTICUT!
|Despite all we’ve been hearing about distress, there’s not a flood of transactions, in part because no one knows how to value debt and the underlying assets, says Arent Fox partner Jackie Weiss, who’ll be a panelist at our Bisnow Breakfast & Schmooze on distressed assets August 13 (more info below).|
|Financial institutions are conducting workouts instead of taking back assets, she tells us, as they think buyers are not willing to pay the values lenders assign to the assets. As bad loans increase, she sees workouts bulging, but lenders will soon be forced to bite the bullet and seize the assets. Curious to learn more? Jackie will be joined at our event by Ernst & Young’s Mark Grinis, Massey Knakal’s Bob Knakal, The Schonbraun McCann Group, an FTI Co.'s Paul Griesmer, and Eastern Consolidated’s David Schechtman: Register here!|