TMA 2001 Annual Conference s1

TMA 2009 Spring Conference, Update 3.8.09

Invitation to Attend

Agenda

Keynote Sessions

Educational Sessions

Advanced Educational Session

CTP Certification Courses/Exams

Registration Fees/Policies

Cancellation/Substitution Policies

Hotel Reservations

Conference Sponsors

Attire

Continuing Education Credit

Ground Transportation

Questions

Destination Chicago

TMA 2009 Spring Conference, Update 3.8.09

Invitation From the Co-Chairs

We are pleased to invite you to attend TMA’s 2009 Spring Conference. One of the first things you may have noticed when you received your brochure is that we are gathering in Chicago this year. This is a departure from what has been a resort-based conference. With an eye on current economic conditions and the important role that our industry plays in restoring and creating value during these difficult times, TMA felt it was important to hold this year’s conference in an easily accessible, metropolitan area to allow you to participate while maintaining your business commitments. Chicago fits the bill, and the late-April timeframe allows you to enjoy spring in the Windy City, when the lakefront is coming to life, the tulips are blooming and the streets are buzzing with activity.

Our conference theme, “Singin’ the Blues,” not only alludes to Chicago’s rich musical legacy but also speaks to concerns about the turbulence of the financial markets and the impact on the global economy and livelihoods of our friends, families and colleagues. We created an educational program to help you manage and hopefully beat these “blues.” On Wednesday, expert panels will address the forces driving our new economic reality – faltering municipalities and financial institutions; a further declining real estate market; the liquidating of unusual assets; securing financing; and finding alternatives to traditional Chapter 11 proceedings. On Thursday, we offer two sessions that provide tools and resources for growing and promoting your business.

We are also pleased to present you with three outstanding keynote speakers. Steven Levitt, who co-authored the best-selling FREAKONOMICS, will open the conference on Wednesday morning with his unique, out-of-the-box perspective. During lunch, economist Paul Kasriel of Northern Trust, will offer his insight on our troubled economic times. During dinner that evening, we will be entertained by legendary Chicago Bears lineman Dan “Danimal” Hampton.

We are most grateful to the Spring Conference Committee, listed on the conference website homepage, who gave tirelessly to the development of our outstanding educational program. And, the conference would not be possible without the generous support of our sponsors, listed further in this brochure.

Don’t miss this opportunity for networking, deal making and unparalleled education. Please plan now to attend the 2009 Spring Conference. We look forward to seeing you in Chicago.

Best regards,

Noel Boeke, Holland & Knight LLP

Brad Coulter, CTP, O’Keefe & Associates Consulting LLC

Carl Lane, AlixPartners, LLP

2009 Conference Co-chairs

Agenda

Saturday, April 25

9:00 a.m. – 4:00 p.m. CTP Accounting & Finance Course*

4:30 p.m. – 7:00 p.m. CTP Accounting & Finance Exam*

Sunday, April 26

8:00 a.m. – 3:00 p.m. CTP Management Course*

3:30 p.m. – 7:00 p.m. CTP Management Exam*

Monday, April 27

9:00 a.m. – 4:00 p.m. CTP Law Course*

4:30 p.m. – 7:00 p.m. CTP Law Exam*

Tuesday, April 28

9:00 a.m. – 11:00 a.m. Certification Oversight Committee (COC) Meeting

11:00 a.m. – 1:00 p.m. TMA Board/Executive Committee Meeting

1:00 p.m. – 2:00 p.m. TMA Board/COC Lunch

2:00 p.m. – 4:00 p.m. Chapter Presidents Meeting

4:00 p.m. – 7:15 p.m. Registration Desk Open

5:00 p.m. – 6:00 p.m. Women’s Professional Networking Reception

Co-sponsored by Deloitte Financial Advisory Services LLP and Fennemore Craig, P.C.

6:00 p.m. – 7:15 p.m. Opening Reception

Sponsored in part by Hunt Special Situations Group, L.P.

Wednesday, April 29

7:00 a.m. – 7:30 p.m. Registration Desk Open

7:30 a.m. – 9:00 a.m. Advanced Educational Session: “Can the Domestic Auto Industry Be Turned Around? Managing the Complexities of Legacy Costs, Government-Assisted Financing Programs and Fragile Supplier Networks” (continental breakfast included)*

9:00 a.m. – 9:45 a.m. Continental Breakfast

Co-sponsored in part by Freeborn & Peters LLP

10:00 a.m. – 11:00 a.m. Opening Keynote Speaker – Steven D. Levitt, Author, FREAKONOMICS

Sponsored in part by Aurora Management Partners and BMO Capital Markets

11:00 a.m. – 11:30 a.m. Coffee Break

Co-sponsored by Atlas Partners, LLC and The Meridian Group

11:30 a.m. – 12:45 p.m. Concurrent Session A

· A1: “Good Enough for Government Work? Trends in Restructuring Municipalities”

· A2: “Houses of Paper: Financial Institution Restructurings”

12:45 p.m. – 1:30 p.m. Lunch Service

1:45 p.m. – 2:45 p.m. Keynote Speaker - Paul L. Kasriel, Senior Vice President and Director of Economic Research, The Northern Trust Company

Lunch and keynote speaker co-sponsored in part by The MWW Group

3:00 p.m. – 4:15 p.m. Concurrent Session B

· B1: “Turnaround or Turn Around and Run! Real Problems with Real Estate”

· B2: “Secrets of the Trade: Insider’s Guide to Maximum Cash for Unusual Assets”

4:15 p.m. – 4:45 p.m. Coffee Break

Co-sponsored by Insight Equity and Tucker Aresnberg, P.C.

Wednesday, April 29 Cont’d

4:45 p.m. - 6:00 p.m. Concurrent Session C

· C1: “Don’t Call Us, We’ll Call You: Financing in Today’s Marketplace”

· C2: "Strategic Alternatives for Distressed Businesses"

6:15 p.m. – 7:15 p.m. Cocktail Reception

Co-sponsored by O’Keefe & Associates Consulting LLC; Resilience Capital Partners; and Winston & Strawn LLP

7:15 p.m. – 9:45 p.m. Dinner, TMA Awards Presentation and Dan Hampton, Legendary Chicago Bear Defensive Lineman

Sponsored in part by Conway MacKenzie, Inc.

Thursday, April 30

8:00 a.m. – 12:00 p.m. Registration Desk Open

8:00 a.m. – 8:45 a.m. Continental Breakfast

Sponsored in part by McDonald Hopkins LLC

9:00 a.m. – 10:30 p.m. “How Rainmakers Make it Pour”

10:30 a.m. – 11:00 a.m. Coffee Break

Keynote Speakers

Wednesday, April 29, 2009, 10:00 a.m. – 11:00 a.m.

Steven D. Levitt

Author, FREAKONOMICS

Steven D. Levitt is the best-selling author of FREAKONOMICS, which spent more than two years on The New York Times best-seller list and sold more than three million copies worldwide. When mild-mannered Levitt published a paper linking a rise in abortion to a drop in crime, it set off a firestorm of controversy and had both the conservatives and liberals up in arms. But Levitt has no political agenda and is the last person to be called a moralist. He is a brilliant but uncomplicated man who uses simple questions to reach startling conclusions. The Wall Street Journal has said “If Indiana Jones were an economist, he'd be Steven Levitt.” A full professor in the University of Chicago's economics department (he received tenure after only two years) and recipient of the American Economic Association’s prestigious John Bates Clark Medal (given to the country's best economist under 40), what interests Levitt most is cheating, corruption and crime. Levitt and Stephen Dubner, his FREAKONOMICS co-author, have appeared widely on television and maintain the popular FREAKONOMICS blog, which can be found on The New York Times website. Levitt and Dubner are currently working on another book, tentatively titled SUPERFREAKONOMICS. Through forceful storytelling and wry insight, Levitt shows how economics is, at root, the study of incentives – that is, how people get what they want, or need, especially when other people want or need the same thing. FREAKONOMICS shows that the modern world, despite a great deal of complexity and downright deceit, is not impenetrable, is not unknowable, and—if the right questions are asked—is even more intriguing than we think. All it takes is a new way of looking.

Wednesday, April 29, 2009, 1:45 p.m. – 2:45 p.m. (time reflects entire lunch session)

Paul L. Kasriel

Senior Vice President and Director of Economic Research

The Northern Trust Company

Paul Kasriel joined the economic research unit of The Northern Trust Company in 1986, as vice president and economist. In 2000, he was named to his current position of senior vice president and director of economic research. Kasriel’s economic and interest rate forecasts are used both internally and by clients. The accuracy of his department’s forecasts has consistently been highly-ranked in the Blue Chip survey of approximately 50 forecasters. He received the 2006 Lawrence R. Klein Award for having the most accurate economic forecast among the Blue Chip survey participants from 2002 through 2005. A January, 2009, Wall Street Journal piece featured Kasriel as one of “The Doomsayers Who Got It Right,” having identified early on the formation of the housing bubble and foreseeing the economic and financial market havoc that would ensue after the bubble inevitably burst. The Wall Street Journal has also listed Northern Trust’s economic website as one of the top ten most interesting. Kasriel is co-author the book Seven Indicators that Move Markets. He began his career as a research economist at the Federal Reserve Bank of Chicago.

Wednesday, April 29, 2009, 7:30 p.m. – 9:45 p.m. (time reflects entire dinner session)

Dan Hampton

Legendary Chicago Bears Defensive Lineman

Dan Hampton was a first-round draft pick of the Chicago Bears in 1979 following an All-American season at the University of Arkansas. An outstanding and versatile defensive lineman, Hampton went on to play 12 seasons with the Bears. Six times he earned first- or second-team All-Pro honors as either a defensive tackle or defensive end. Nicknamed “Danimal” for his ferocious style of play, Hampton persevered through 10 knee surgeries and numerous other injuries as he became recognized as one of the game’s most dedicated players. Hampton was an impact player even as a rookie. In his first season, he was credited with 70 tackles, 48 of which were solo efforts, as well as two fumble recoveries, three passes defensed and two sacks. In 1980, he led the team in sacks with 11.5 and his 73 tackles were the most by a Bears lineman. His play earned him the first of his four Pro Bowl invitations. It’s for the 1985 season, however, that Dan and the Bears’ defense is best remembered. That year, the Chicago defense allowed just 198 points and shut out both opponents in the NFC playoffs. The Bears went on to destroy the New England Patriots 46-10 in Super Bowl XX, allowing just 123 total yards and sacking Patriot quarterbacks seven times. For his part, Hampton spent the first half of the 1985 season playing right tackle before moving over to the left defensive end spot for the remainder of the season. While 1985 was a high point in his career, Hampton continued to play at a high level until retiring in 1990, becoming just the second Bear to play in three different decades.

Educational Sessions

CONCURRENT SESSION A

Wednesday, April 29, 2009, 11:30 a.m. – 12:45 p.m.

A1: “Good Enough for Government Work? Trends in Restructuring Municipalities”

Moderator: Charles M. Moore, CTP, Conway MacKenzie, Inc.

Panel: Patrick Darby, Bradley Arant Rose & White LLP; Douglas P. DeAngelis, Fifth Third Securities, Inc.; Sara L. Kistler, Office of the U.S. Trustee; Marc A. Levinson, Orrick, Herrington & Sutcliffe LLP

As pension and healthcare costs soar and property tax rolls decline, more and more municipalities are facing looming deficits and credit agency downgrades. This panel will explore the burgeoning world of municipality restructuring, including elements unique to municipalities, key differences between Chapter 9 and Chapter 11 and case studies of recent restructurings that are occurring in and out of court.

A2: “Houses of Paper: Financial Institution Restructurings”

Moderator: Holly Felder Etlin, CTP, AlixPartners, LLP

Panel: John Dubel, Dubel & Associates; Marcia L. Goldstein, Weil Gotshal & Manges LLP; David S. Kurtz, Lazard Freres & Co. LLC

Join a panel of experts as they discuss financial institution restructurings. The discussion will cover:

· Crisis of confidence – is liquidation the only alternative?

o how can you preserve value in an environment based primarily upon counter-party agreements?

o what portions of operations can be isolated and sold as going concerns?

o crafting global resolution strategies for complex contingent claims

· Dealing with regulators – governance, capital requirements and reserves

o planning liquidity for the next downgrade, or how low can you go?

o managing multi-party investigations while trying to run a business

· Maintaining credit quality and access to bail-out funds

o how do you quickly assess portfolio assets?

· Strategies to retain human capital

· Multi-national institutions

o Is the cross border protocol enough?

o Avoiding insolvency proceedings in multiple jurisdictions

CONCURRENT SESSION B

Wednesday, April 29, 2009, 3:00 p.m. – 4:15 p.m.

B1: “Turnaround or Turn Around and Run! Real Problems with Real Estate”

Moderator: Navin N. Nagrani, Hilco Real Estate LLC

Panel: Vincent Belcastro, CIT Commercial & Industrial Group; Ronald Glass, GlassRatner Advisory & Capital Group LLC; Joel A. Holsinger, Fortress Investment Group; George N. Panagakis, Skadden, Arps, Slate, Meagher & Flom LLP

Join a panel of restructuring and real estate experts as they discuss some of the real issues with real estate.The discussion will cover:

· The real estate restructuring wave --residential to retail to.... what's next?

· restructuring/workout/liquidation Issues with real estate leases -

· Declining real estate values impacting term loans?

· Is the debt buyer the newnorm fortoday's real estate investor?

· The workout lender's dilemma- wait for sunshine or cut losses & liquidate?

· Real estate and restaurants - are sale-leaseback's still a valid strategyfor M&A?

B2: “Secrets of the Trade: Insider’s Guide to Maximum Cash for Unusual Assets”

Moderator: Baker A. Smith, CTP, BDO Consulting Corporate Advisors LLC

Panel: David A. Birdsell; Patrick Blount, Benewolf LLC; Thomas E. Pabst, Great American Group

When selling a distressed company, what do you do when your cash proceeds come up short from receivables, inventory, and real estate? Will you get top price for weird stuff or will the junk dealer make the profit? How can you recognize a “diamond in the rough”? How do you find somebody willing to buy unusual or intangible assets? This panel features top experts who will share insider secrets to maximizing recovery where you least expect it.