"Creditors no longer have to rely on
their state laws.

numeroff complexity

" Only 9 percent thought the new
Code would make it easier to practice their specialty.
Note: Detailed results and charts of this poll's results by disciplines
are available upon request.adroitconsulting.


For complete event details or to register, Visit
http://www.
"This year, we explore the crucial connection between leadership
and innovation ," said Jeanette Slepian, President of BetterManagement
and host of the event.

diligence troubled

This
section relates to the right of utilities to seek "adequate assurance" of
payment from the debtor in cash or cash equivalent.

schanz tested

Previously, filers, particularly retail entities, would extend the
current 60-day deadline many times, sometimes drawing out the process for
years. Martin, as companies attempt to penetrate new markets,
acquire customers, and increase opportunities to cross-sell and up-sell they
are increasingly leveraging a variety of tools that now exist to enable these
efforts. 26-27 at the Rio in Las Vegas.

lenders troubled

"While this may have seemed to be an inordinate amount of time to
determine whether a location was viable, it did allow for an orderly and
studied approach to rehabilitating companies in bankruptcy," said James B. "The additional penalty for guessing wrong on which
sites to keep will definitely result in more Section 363 asset sales, and
likely more liquidations of companies and loss of jobs.

Adroit Consulting CEO to Outline How Enterprise Technologies Can Generate Revenue at Technology Executives Club

com and use "061605" for member rates.

creditor nielsen

Restructuring Pros Find Little to Like in Revisions to Bankruptcy Code

"To use the bankruptcy process
constructively, debtors will have to be confident about their operating
liquidity and execute strategies that will ensure enough liquidity to
successfully get through the process and emerge a stronger company.

Business Editors
BetterManagement LIVE Worldwide Business Conference

BEAVERTON, Ore.

effectiveness underperforming

" - Preview of Stan Martin's remarks

CHICAGO, Adroit Consulting, Inc.com ), an operational consulting firm that
specializes in developing strategies and implementing operational improvements
in sales, sales channels, customer care and product/service marketing for
mid-sized companies, and divisions of the Fortune 500, today announced that
CEO Stan Martin will speak at the Technology Executives Club's June 16 event
titled "Driving Success through Marketing Technologies."
The half-day seminar will showcase top area companies and how they use
technologies to support sales and marketing efforts and ultimately drive
business growth.

facilitation turnaround

"
Three major constituencies within TMA's membership participated in this
poll -- attorneys, lenders and turnaround specialists.
For more information, visit http://www. Global
perspectives from respected publications, associations and academic
institutions form a learning path on critical issues.

nightingale diligence

BetterManagement. BetterManagement is based in Beaverton, Oregon and has
offices in Germany and Australia (www.

numeroff lenders

Overall, most
respondents anticipate an increase of 10-25 percent in preemptory business
bankruptcy filings during the 60 days before Code revisions go into effect in
October 2005. In
this Section the time period for a company to decide whether to keep or reject
its nonresidential real property leases changes to 120 days with one 90-day
extension. "Some changes such as those in 546 (c) on reclamation
are very favorable to creditors who provide goods to debtors," said John
Rizzardi, TMA's immediate past chairman and a bankruptcy attorney with
Cairncross + Hempelmann PS in Seattle. With headquarters in Chicago, TMA 's 7,000 members in 34
regional chapters comprise a professional community of turnaround
practitioners , attorneys, accountants, investors, lenders, venture
capitalists, appraisers, liquidators, executive recruiters and consultants.
According to Mr. The challenge he will explain is how to make these high powered tools
successfully work in today's demanding business environment."
The two-day conference focuses on real-world leadership issues
confronting executives and top level managers in the public and
private sectors.
"Managers and executives in competitive organizations, and leaders
in the public sector, will find this conference extremely valuable,"
said Slepian.

turnaround norris

Under the previous Code, creditors had just 10 days after delivery to
make a reclamation demand.com .

turnaround lenders

More than 70 percent of the attorneys and 60 percent of the lenders and
turnaround specialists were concerned about the negative impact of Section 365
on retail and other corporations that have numerous real estate leases. Adroit declares success when
changes are effectively executed and operational.

About BetterManagement

BetterManagement is a unique mix of educational activities
combining interactive web resources and live conferences which
connects decision makers with relevant information .

divestiture consensus

"The new bankruptcy legislation will require a more disciplined financial
planning process on behalf of the debtor before filing," said Ward Mooney,
chairman of the Turnaround Management Association and president of Bank of
America Retail Finance Group in Boston."
The poll also revealed the general belief that the revised Code favors
creditors over debtors. This provision will allow vendors up to 45 days after the
debtor received goods or 20 days after the petition date to ask for return of
goods.
Members adhere to a Code of Ethics, and the Certified Turnaround Professional
(CTP ) program recognizes professional excellence and provides an objective
measure of expertise related to workouts, restructurings and corporate
renewal. Keynote speakers and track presenters will discuss
innovative approaches in high-priority topics such as corporate
governance, performance management , business intelligence, marketing
automation, and customer analytics.bettermanagement.

negotiator systemic

Using client examples, he will share with IT executives successful
approaches that have enabled companies to leverage technologies to support
enhanced business processes and improve operational results from marketing,
sales, customer service and support functions. Yaskawa Electric America, Inc .

Former President Bush Keynotes Business Conference on Leadership and Innovation; Top Leaders Converge for BetterManagement LIVE Worldwide Oct. 26-27 in Las Veg

In addition to former
President Bush, keynote presenters include Professor Tom Davenport,
Director of Research at Babson College; Bill Emmott, Editor-in-Chief
at The Economist; Ed Ruggero, West Point graduate and co-author of The
Leader 's Compass; and Patrick Lencioni, Founder and President of The
Table Group, a management consulting firm specializing in
organizational health. "BetterManagement LIVE will help decision
makers connect issues with answers, problems with solutions, and ideas
with perspectives from other business and government leaders,
analysts, consultants, and academics. "The conference provides them with the perspectives they
need to lead through innovation and innovate through leadership.com

creditor complexity

underperforming numeroff

In addition, the bankruptcy amendments provide a
seller of goods an administrative expense claim for the value of any goods
received by the debtor within 20 days prior to the petition date. Adroit
Consulting's clients include:

Bankers Life and Casualty Company Bosch Power Tools
Elkay Manufacturing Corp.

strategics lenders

norris troubled

They especially point to retail, automotive suppliers and
airlines as most likely to show a significant increase in Chapter 11 filings
prior to October.adroitconsulting .

schanz tested

This
strengthens the rights of vendors, however, vendors should become familiar
with the new changes and act promptly in any bankruptcy in order to maximize
their rights. In the past, "assurance "
of payment was left undefined.
General Binding Corporation The Manitowoc Company
Woodhead Industries, Inc.

nielsen schanz

technologyexecutivesclub.com/conference. BetterManagement
also produces extensive Webcasts.

negotiation divestiture

Matthews, TMA vice president of public affairs and president of Prime
Locations LLC in Dallas.

complexity systemic

Predicting the effect of bankruptcy law

CHICAGO, Just three months before enactment of the
revised Bankruptcy Code, many corporate renewal professionals are still
scratching their heads as they try to determine what the impact will be on
their work with companies trying to recover from financial distress.
( http://www.

numeroff mcnally

However,
one thing is clear -- members of the Turnaround Management Association who
responded to a June 2005 TMA Trend Watch poll give a thumbs down to many of
the provisions that they believe make it more difficult for companies to
reorganize under what they perceive is a more creditor-friendly law.
When asked what impact the revisions to the Code would have on
respondents' personal practices, the overall response was divided, with 39
percent saying it would have "little to no impact" and 44 percent saying the
changes would make their work "more difficult.turnaround.org ) is the
only international non-profit association dedicated to corporate renewal and
turnaround management.

About Adroit Consulting
Adroit Consulting is an operational consulting firm that specializes in
improving sales, sales channels, customer care and product management for mid-
sized companies and divisions of the Fortune 500.
BetterManagement, the world's premier business resource for
visionary perspectives and management insights, will hold its annual
conference Oct."
Online registration is available at
www. Attendees save USD 200 off the
conference fee by registering before September 23.

lenders maximize

"
Section 366 elicited the most negative response, with 75 percent overall
saying its provisions make it more difficult for a company to reorganize. Everpure, Inc.----George Bush, the
41st President of the United States, is the opening keynote speaker at
this year's BetterManagement LIVE Worldwide Business Conference. Information is organized to
accelerate knowledge of best practices and highlight successes
worldwide.

lenders numeroff

The Turnaround Management Association ( http://www.

"IT teams have the ability to impact revenue growth and contribute to top-line
improvement by leveraging enterprise technology initiatives such as CRM, ERP
and VoIP.

consensus turnaround

---

- - kjjkjk

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