Hamernik Headlines

Bankruptcy filings ease slightly in Indiana

Posted on04. Mar, 2011 by admin2.

Source and permission granted by:  Indiana Business Journal (www.ibj.com) - February 28, 2011
Bankruptcy filings in Indiana dipped slightly in 2010—the first decline in four years—and showed a late-year slowdown that may indicate consumers are starting to manage their finances better.
Filings in the Southern District of Indiana, which encompasses Indianapolis and the surrounding counties, totaled 28,901 last [...]

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2010 Bankruptcies in Review

Posted on24. Jan, 2011 by admin2.

Recently published on BankruptcyData.com were the Top 20 bankruptcies of 2010.  The pre-petition assets amounted over 73 billion and included Banking/Financial, Real Estate, Retail, Entertainment, Marketing/Advertising, Satellite and Airfreight Services.  Of the 20 companies, the top five filings consisted of pre-petition assets amounting to over 45 billion within the financial and real estate industries, respectively.  [...]

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Hamernik Associate Achieves CPA License

Posted on12. Jan, 2011 by admin2.

Brian Holtz has successfully passed the CPA exam earning his license.  Complementing Brian’s many years of financial advisory and corporate finance experience, his accounting knowledge enhances Hamernik’s financial advisory and restructuring services.  Brian’s preparation for the four part exam was long and rigorous, demonstrating his commitment towards personal and professional achievement and improvement.  Both Brian, [...]

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Number of Public Companies Filing for Chapter 11 or Chapter 7

Posted on19. Nov, 2010 by admin2.

Bankruptcy Almanac

 

Year
Filings 1/1-11/7
Â
Assets* of Filings 1/1-11/7
Total Number of Filings
Total Pre-Petition Assets*

2000
Â
141
Â
Â
$71,202
Â
179
Â
$98,763

2001
Â
224
Â
Â
$175,131
Â
263
Â
$257,437

2002
Â
192
Â
Â
$286,794
Â
220
Â
$394,782

2003
Â
162
Â
Â
$94,758
Â
172
Â
$97,997

2004
Â
82
Â
Â
$30,887
Â
92
Â
$47,677

2005
Â
84
Â
Â
$106,612
Â
86
Â
$133,843

2006
Â
53
Â
Â
$21,111
Â
66
Â
$22,104

2007
Â
61
Â
Â
$62,690
Â
78
Â
$70,525

2008
Â
104
Â
Â
$1,106,055
Â
138
Â
$1,159,351

2009
Â
185
Â
Â
$554,620
Â
210
Â
$593,277

2010
Â
86
Â
Â
$66,837
Â
Â
Â
 

*Assets in $milsÂ
Â
Â
Â
Â
Â
Â
 

Source:  Bankruptcydata.com November 2010

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Hamernik Professional Celebrates 2 Milestones

Posted on24. Sep, 2010 by admin2.

Capping his five years of service with the Firm, Dan Sailer was among 9,880 candidates worldwide to pass the 2010 Level III Chartered Financial Analyst (CFA) exam.  According to the CFA Institute, “To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be among the most rigorous in the [...]

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Recent Hamernik Projects – Hotel and Hospitality Industry

Posted on07. Sep, 2010 by admin2.

In 2009-2010, Hamernik has provided financial advisory services to over a dozen unique borrowers in the hotel and hospitality industry. While working for the entities and their owners, Hamernik has created and negotiated debt restructuring proposals and/or exit events for each hotel. Cumulatively, the mortgage and other secured debt from each of the borrowers exceeds $91 million.

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Hamernik Appointed Sole Manager.

Posted on23. Aug, 2010 by admin2.

8/13/2010     -   On July 23, 2010, Kevin Hamernik was appointed the sole manager of an Iowa manufacturing company.  Later that day, the officers and all but two employees were terminated with the intentions of limiting unfunded expenses and preserving cash.  Phones were maintained and orders were taken to preserve goodwill.  Immediately, Hamernik began marketing the [...]

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