Pulse Podcast #11: The Clean Slate: Mastering Article 9 Restructuring

In this episode of the ABF Journal Podcast, host Rita Garwood sits down with Adam Duso (CEO of Second Wind Consultants) and Jason Dinoff (CEO of KCP Advisory and Principal at Cornerstone Business Credit) to discuss the mechanics of out-of-court restructuring under Article 9 of the UCC.As middle-market companies struggle with high interest rates and layered debt stacks, the traditional turnaround is often hindered by legacy liabilities and "predatory" Merchant Cash Advance (MCA) providers. Our guests explain why trying to grow a business before stabilizing its debt is like "hanging drapes in a burning building" and how an Article 9 sale can "divorce" a company from its debt to create a turnkey, performing entity.In this video, you’ll learn:• How Article 9 solves the "bottleneck" in bank-to-ABL transitions.• The legal mechanics of stripping away junior liens and MCA "receivable intercepts."• The difference between a "hope note" and a performing subordinated note.• The #1 red flag that tells a lender it’s time to stop the organic turnaround and start a transactional process.Read the full article by Adam Duso and Bob Dinozzi: "A Workout without the Mess: When is Article 9 restructuring the right path?" on ABFJournal.com.