Professionals - Retention/Compensation/Fees Archives - DailyDAC

The Chief Restructuring Officer: Architect, Leader, & Change Agent

Tommy M. Onich, BBA CTP — Tue, 13 Jan 2026 14:00:00 +0000

The CRO may lead an organization through mildly difficult situations or shepherd truly distressed ones through much more drastic situations.

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The Chief Restructuring Officer (CRO): From Restructuring to Stakeholder Management

Todd A. Zoha — Mon, 22 Sep 2025 14:00:30 +0000

The Chief Restructuring Officer plays a critical role in helping distressed companies navigate the tricky waters of restructuring and bankruptcy.

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6 Key Lessons in Retention in Chapter 11 Cases

Michele Schechter — Thu, 18 Sep 2025 14:00:42 +0000

Retention in a Chapter 11 reorganization ensures distressed businesses are able to navigate the complexities of bankruptcy.

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Law Firm Bankruptcies: The ‘Unfinished Business’ Doctrine and the Jewel Waiver

Philip D. Anker — Mon, 13 Jan 2025 14:20:00 +0000

Does a law firm in bankruptcy have rights to former client profits? The trend with the 'Unfinished Business' Doctrine and Jewel Waiver has answers.

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Leadership and Corporate Renewal

Tommy M. Onich, BBA CTP — Mon, 11 Nov 2024 15:00:07 +0000

For companies in decline, it is necessary to begin a process of corporate renewal. The success of this effort will be dependent on competent leadership.

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How a Distressed Company Can Manage Cash and Stakeholders in a Liquidity Crisis

Steven A. San Filippo — Mon, 21 Oct 2024 14:00:24 +0000

In a liquidity crisis, managing cash flow is key to business survival. Discover strategies to preserve solvency and navigate through cash crises.

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Fundamental Decisions in a Distressed Organization

Tommy M. Onich, BBA CTP — Mon, 09 Sep 2024 14:00:21 +0000

An organization that is in distress faces a harsh reality: to attempt to turnaround the business or dispose of it. This existential decision is incredibly time-sensitive, as any delay in action erodes the possibility of a successful recovery. In this article, we will explore the distressed organization and the difficult decisions faced by its stakeholders. We will outline considerations to keep in mind when faced with such a situation. As part of this process, we will also examine short-term survival as a concurrent process of the chosen strategy. The Key […]

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Performance Management: Foundation for Resilience and Platform for Recovery

Tommy M. Onich, BBA CTP — Mon, 12 Aug 2024 13:50:30 +0000

Setting the Stage for a Successful Corporate Turnaround A corporate turnaround may be thought of as a tragically delayed transformation. This need for metamorphosis is driven by a lack of corporate resilience, which permits an organization to change and adapt as necessary. This article examines the core elements and principles of ‘performance management’ and provides meaningful and useful information for organizations seeking recovery and those hoping to prevent difficulties. Corporate Resilience Corporate resilience depends upon an organization’s ability to ‘pivot’ or reinvent business models and strategies as circumstances change. The […]

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90 Second Lesson: Carve-Outs for Unsecured Creditors

The DailyDAC Editors — Tue, 31 Oct 2023 12:27:35 +0000

Like a professional fee carve-out, secured creditors may also agree to a carve-out for unsecured creditors to appease the court and creditors’ committee.

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90 Second Lesson: Is a Business Turnaround Still Possible?

The DailyDAC Editors — Mon, 18 Sep 2023 17:10:58 +0000

When is a business turnaround no longer viable? Ask these questions to determine if you or your client’s business can be saved.

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