Archive for 'Engagements'
Hotel and Hospitality Industry Update
Posted on14. Jun, 2011 by admin.
As a follow-up to Hamernik’s 2010 blog regarding the Hotel and Hospitality Industry, here are a few worthy nuggets gleaned from Hamernik’s continuing experience working with numerous clients and over 20 different hotel assets spread throughout the Midwest:
Financing sources for hotels are currently non-existent.Â
As part of restructuring efforts for our limited-service hotel clients, Hamernik [...]
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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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Hamernik, L.L.C. Supports Distressed Seed Company Sale
Posted on09. Aug, 2010 by admin2.
July 30, 2010: Hamernik, L.L.C. supports recent seed company sale.  The Firm’s efforts began in late 2009 first assisting the company in negotiating terms with the bank to continue operations while soliciting offers.  With the cooperation of the secured lender, the company successfully sold through its traditional sales channels, capturing retail value for most of [...]
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HAMERNIK APPOINTED CHAPTER 11 U.S. TRUSTEE
Posted on04. Jun, 2010 by admin2.
       On May 25, 2010, Kevin J. Hamernik was appointed Chapter 11 U.S. Trustee by the United States Bankruptcy Court, Southern District of Indiana, Indianapolis Division, assuming management and control for a precision machine and manufacturing company with approximately 25 employees.Â
       Debtor, M & S, operates a custom machine shop which produces component parts for [...]
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Successful Appeal for Trust Fund Tax Abatement
Posted on07. Apr, 2010 by admin2.
After several months of negotiations, client’s appeal of $1.364 million in trust fund taxes is successful and taxes are abated.
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Closing of New ABL Facility
Posted on30. Mar, 2010 by admin.
After leading a late 2009 restructuring, our team helped closing an ABL facility in the new year.
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Welcome to our new Hamernik Headlines!
- Hamernik Professional Celebrates 2 Milestones
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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
