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Going Concern Value

Connacher’s Woes: Over-Levered and at the Mercy of Global Economic Forces

Shifts in both commodities and credit markets are causing pain for Connacher Oil and Gas, and have led to a “going concern warning“[i] being included in their Q3 results. Connacher is seen as likely to run into difficulties making interest payments, and as a result its stock price is down some 85% from its 2 […]

Selling Distressed Assets: The Assignment for the Benefit of Creditors (ABC) Alternative

Editor’s Note: This article provides a broad overview of the use of state law assignments for the benefit of creditors (ABCs) as an efficient alternative to chapter 11 and chapter 7 liquidations conducted under federal law. For a great discussion on other options available to struggling businesses, we recommend this webinar. Financially distressed businesses faced with unlikely […]