Recent Articles

  • CROs Adapt to Limits on On-Site Presence
    CROs Adapt to Limits on On-Site Presence Partner, David Tiffany walks us through how CROs adapt to limits on on-site presence in the most recent installment of the Turnaround Management Association‘s Journal of Corporate Renewal. Can a chief restructuring officer (CRO) continue to be an effective and efficient resource for lenders in this new normal environment? The short answer is “absolutely.” But the longer answer is complicated. Workouts of lenders’ distressed credits aren’t going...
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  • How Much Capital Do Companies Need for Post-COVID Recovery, and Who Will Provide It?
    How Much Capital Do Companies Need for Post-COVID Recovery, and Who Will Provide It? CR3 Partners’ clients and referral sources agree that additional capital will be needed to return operations to the “new normal” after COVID-19. But how much capital will they need, where will it be deployed, and who will provide it? Barak Tulin surveyed his CR3 colleagues on their work for clients during COVID-19 and found that the highest...
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  • Rent Relief Strategies
    Rent Relief Strategies As companies continue to navigate the impacts of COVID-19, tenants are considering options for rent relief as liquidity and working capital have decreased. Tenants should be proactive and reach out to landlords and other creditors while considering options for rent relief.  Options might include reduced rent, deferred rent, or early termination among others. Tenants should provide supporting documentation to demonstrate a fully developed plan specific to the company’s...
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  • How CR3’s Clients Are Managing Through the COVID-19 Pandemic
    How CR3’s Clients Are Managing Through the COVID-19 Pandemic The novel coronavirus (COVID-19) pandemic is creating rapid and unprecedented disruption and dislocation all over the world and among CR3’s clients in particular. In this article, published in March 2020, we share our practical and actionable recommendations for managing through this crisis and discuss the concrete steps many of our clients have taken to mitigate the impact of COVID-19 on their businesses....
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  • The Effect of Mechanic’s Liens in the Oil and Gas Industry
    The Effect of Mechanic’s Liens in the Oil and Gas Industry Recent trends in the Oil and Gas industry, particularly the decrease in prices for crude and natural gas, suggest that mechanic’s liens are quickly becoming a problem for exploration and production companies. In this article, William Snyder draws on his experience advising Oil and Gas clients and their constituents to explain the filing process and explore the possible effects of...
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  • Commodities and the Role They Play in Predicting Recessions
    Commodities and the Role They Play in Predicting Recessions Twenty years ago, if you were discussing today’s historically low unemployment rate, record pace of lending, and 3% worldwide economic growth, you would assume that commodity prices were roaring worldwide. In examining the past three recessions, the price of each commodity spiked before a recession, then dropped precipitously immediately before and during the recession. In this article, William Snyder explores commodities and...
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  • The Continued Evolution of Digital Media
    The media industry has gone through many changes since banner advertising first appeared on the Internet. Legacy constraints on traditional media outlets have hampered their ability to respond. Startups have sought to capitalize on these constraints; not all of them have survived. In this article, Mike Caruso and James Katchadurian draw on CR3 Partners’ experience with media organizations of all kinds to bring light to why this is happening and what...
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  • Distress in the Healthcare Industry: What Is Causing It and What to Do About it
    The healthcare industry affects our lives every day, and although it is growing at a faster rate than the U.S. economy as a whole, it has undergone increasing distress in the last few years. In their article, Barak Tulin and Michael Sandnes draw on CR3 Partners’ experience with healthcare organizations and their capital providers to explain why is this happening and what can be done about it....
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  • Act Like A Startup to Activate a Turnaround
    An Article co-authored by Tracy Streckenbach and Tom S. O'Donoghue, Jr. Originally published in the American Bankruptcy Institute Labor & Employment Committee June 2017 Newsletter...
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