Archive for 'Assessments'
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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Small Business Bankruptcies, Plans of Liquidation and Tax Considerations
Posted on11. Jan, 2010 by admin.
In the case of winding down a Chapter 11 in the context of a Plan of Liquidation, our practice has generally seen two prevailing courses. One provides for the transfer of assets and interests into a Trust for the purposes of liquidating and administrating assets ultimately for the benefit and distribution to creditors. The other simply allows the existing debtor entity to serve the same purpose as the Trust otherwise would.
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Analysis of the Bankruptcy Abuse Prevention and Consumer Protection Act
Posted on11. Jan, 2010 by admin.
Written just prior to the law took effect in October 2005, this short article outlines our observations and analyses regarding the impact of The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 on small and middle market, as well as privately-held, businesses.
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A Sound Operational and Financial Plan is the Foundation upon which a Long-Term Journey is Built.
Posted on11. Jan, 2010 by admin.
A sound operational and financial plan is the foundation upon which a long-term journey is built. A plan provides a roadmap for setting goals, implementing initiatives and measuring results. While thinking “outside the box” is often what we are encouraged to do, here is an article that suggests that thinking “inside the box” may be valuable when crafting a plan for the future.
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Will History Repeat Itself? Read our Q1 2004 Assessment.
Posted on11. Jan, 2010 by admin.
As businesses emerged from several difficult months when the primary objective was survival, the start of 2004 appeared to show signs of “cautious optimism” and opportunities to apply what was learned in tough times. From our experience, businesses were beginning to make the shift from minimizing losses to once again thinking strategically about long-term growth.
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Welcome to our new Hamernik Headlines!
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SBA Increased Guaranty Deadline
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Senate Successfully Passes 30-Day Extension of Recovery Act Provisions
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Closing of New ABL Facility
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Successful Appeal for Trust Fund Tax Abatement
