With hurricane season upon us once again, it is time for businesses to prepare for the devastating damages that can result from these natural disasters. Experts are currently predicting an extremely active season, with as many as 23 named storms and 3 to 7 reaching major hurricane force in the Atlantic Basin. As hurricanes become an increasing threat, education and early preparation have never been a higher priority.

To read the complete article, please click here.

Partner Timothy Mohr and Director Arnie Scher were quoted in a May/June 2010 article in Fraud Magazine on Suspicious Activity Reports.

To read the complete article, please click here.

Partner and National Director of the Business Restructuring Services practice, offers perspective on economic recovery in 2010.

To read the complete article, please click here.

Managing Director, Gene Truono, offers his perspective on developments for the credit card industry over the past year.

To read the complete article, please click here.

Despite the freeze on credit markets beginning to thaw, there remains a lack of liquidty in leveraged loan markets.  Commenting on this unique situation, Bill Lenhartm BDO Consulting National Director of Business Restructuring said, "Any rebound in lender confidence may be offset by the hundreds of billions in middle market debt coming due over the next few years.  Still, there is not a lot of DIP lending available."

Hedge funds making DIP investments did so without the expectation each of their plays would pan out, Lenhart said. Over the next one to three years, the more sophisticated lender block that capitalized on bankrupt companies' desperation to get operations funded will seek to sell or IPO these discounted assets back to investors willing to take a bet on a restructured entity.

… The best option, Lenhart suggested, for companies teetering on at Chapter 11's doorstep is to begin mapping out a plan as quickly as possible.

"When you have a problem, management has got to recognize it before there is a cash flow problem," he said.

To read the complete article, please click here.

Jeffrey Katz, Partner in BDO Consulting's Post Acquisition Dispute practice, was quoted in The Deal. In this article, he comments on his recently published article, "The Earnout Fallout," in The Deal Magazine in which he writes about the rise in post-acquisition disputes that will invariably follow the appearance of earnouts in more deals.

To read the complete article, please click here.

Managing Director, Gene Truono was quoted in Business Week and comments on credit card issuers' ability to adjust to the new regulations.

To read the complete article, please click here.

Managing Director, Gene Truono, was quoted in Crain's New York Business. This article focuses on American Express and small business in New York in regards to credit lines and how American Express is trying to reign in their risk and loss rates.

To read the complete article, please click here.

The penalty imposed on American Express and Discover consumers who exceeded their spending limit, has finally died. BDO Consulting Managing Director, Gene Truono, comments in a recent New York Times articles on the new legislation signed by President Obama in May aimed at easing fees for cardholders.

To read the complete article, please click here.

BDO Consulting Managing Director, Gene Truono, comments on the Credit Card Act of 2009 and the future of credit cards and banks.

To read the complete article, please click here.

As proposed by the administration, the Consumer Financial Protection Agency will regulate all providers of consumer financial products, covering mortgages and credit cards to payday lending and overdraft services with the exception of products regulated by the Securities and Exchange Commission. BDO Consulting's Managing Director, Gene Truono, comments on the Consumer Financial Protection Agency in the July 10, 2009 MarketWatch.

To read the complete article, please click here.

A recent Associated Press article on General Motors (GM) seeking court approval of its reorganization plan features BDO Consulting’s Managing Director Jack Williams commenting on how the restructuring compares with rival Chrysler's. In the article, Mr. Williams predicted that despite its larger size, GM's case will go much more smoothly than Chrysler's. "GM's got momentum, government financing and lots of people that would like to see this happen," he said. "Whether they think it's a good deal, or a great deal, or not, most people have bought into the result."

To read the complete article, please click here.

BDO Consulting’s Managing Director Jack Williams appeared on CNBC’s Closing Bell on Monday, June 1st, to offer his Iinsight on what a new General Motors will look like and its restructuring plans with international stakeholders that include the United States and Canadian governments. Mr. Williams provided insight into the process, saying in part that "the number of balls in the air raises the level of complexity" and that it could be "quite some time [before the company can remove bad assets through the bankruptcy process]...we would not expect it anytime soon. A one to two year prognosis is probably the best view of the administration of the old assets."

To view the complete segment, please click here.

Enterprise risk management (ERM) programs have recently been identified as one of the best ways for organizations to be prepared for the potentially massive U.S. regulatory overhaul. BDO Consulting’s Partner Glenn Pomerantz and Managing Director Sydney Rose Leo address this topic and identify several other motivations for implementing a formal ERM program, in this post on the Business Finance blog.

To read the complete article, please click here.

BDO Consulting’s Managing Director Gene Truono discusses new federal legislation that will curb credit card practices decried by some as predatory and anti-consumer. But the credit card industry is warning that new rules could backfire on consumers in a number of ways. Mr. Truono offers his insight on four areas where observers think consumers and their credit cards may take a hit due to the new rules.

To read the complete article, please click here.