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About Howard Korenthal

Howard Korenthal

Howard Korenthal is a Principal and Chief Operating Officer at MorrisAnderson and Associates, Ltd.  He has over 30 years of experience  assisting financially distressed and  underperforming companies in senior management, interim management and financial advisory roles,  and  has been instrumental in over 200 turnaround and restructuring projects and complex chapter 11 proceeding. Howard has extensive experience in the areas of profit improvement, cash flow analysis,  viability analysis, and negotiations with secured and unsecured creditors, and  has advised clients in a broad range of industries including manufacturing, distribution, food processing and metal fabrication  As part of his practice,  Howard serves as an Assignee in Assignments for the Benefit of Creditors in Illinois and other states.

Articles by Howard Korenthal

The Road to an Assignment for the Benefit of Creditors (ABC): A Case Study

This detailed story illustrates how a troubled company considered its duties and its options, then executed a strategy using an Assignment for the Benefit of Creditors (“ABC”) to mitigate successfully its potential losses. This story puts meat onto more skeletal discussions of ABC rules and how they compare with competing resolution structures under the Bankruptcy […]