55 East Monroe Street
Suite 3300
Chicago, Illinois 60603-5792

Principal Dimitri Karcazes Speaks at Turnaround Management Association Event

May 11, 2010

Dimitri G. Karcazes, principal in the firm's Bankruptcy & Creditors' Right Group, spoke on a panel at the Turnaround Management Association Chicago/Midwest Chapter's Double Header Event  on May 11, 2010 in Chicago.

Mr. Karcazes spoke on a panel during the morning session entitled, "13-Week Cash Flow" which focused on the theoretical elements and practical applications of cash budgets for companies in financial distress. It included a comprehensive study of the principles of cash budgeting with a particular emphasis on working capital management, key model assumptions and drivers, and the contexts and applications of cash flow models relative to the priorities of various parties-in-interest of complex capital structures. It also included the analysis and performance of borrowing base calculations and a liquidation analysis.

The afternoon session entitled, "Strategic Alternatives for Distressed Businesses," focused on the options available to CEOs and their advisors when the cash—and patience—run out. Participants learned from an interactive panel discussion on the alternative processes and tools most effectively and commonly used by businesses and their lenders in distressed circumstances.

Mr. Karcazes is a frequent speaker on bankruptcy and commercial finance issues.  He has given recent presentations on debtor-in-possession financing, exercising remedies under stock pledge agreements, intercreditor issues, buying and selling distressed assets, asbestos bankruptcies and the Pension Benefit Guaranty Corporation.

Attorneys At Law

55 East Monroe Street
Suite 3300
Chicago, Illinois 60603-5792
Tel: 312.201.4000
Fax: 312.332.2196
Email: info@goldbergkohn.com

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