Hamernik Headlines

The results are in:

Posted on06. Jan, 2012 by admin.

As an update to the highlight on Karen Greenspan, we congratulate her on successfully passing the Certified Administrative Professsional Exam with a speciality in Organizational Management.

Continue Reading

Highlight: Karen Greenspan.

Posted on19. Aug, 2011 by admin.

Each team member of Hamernik is strongly encouraged to continue their professional development, not only through on the job experiences, but through structured learning opportunities.  Karen Greenspan is no exception and always actively seeking her next opportunity for personal improvement.  To that end, Karen will sit for the upcoming Certified Administrative Professional exam on November [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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.  [...]

Continue Reading

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, [...]

Continue Reading

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

Continue Reading