Financially Distressed Educational Institutions and Bankruptcy: Options for K-12, Higher Education Institutions

Mr. Crawford is an ordained ruling elder in the Presbyterian Church (USA), and has served on the boards of McCormick, Fourth Presbyterian Church of Chicago, Lifelink Housing Corporation, and has previously served as a Practitioner-in-Residence at the University of Iowa Law School.

Mr. Rose leads the firm’s Reorganization & Bankruptcy Department. He has three decades of experience in bankruptcy and distressed situations having been actively involved in many of the nation’s largest bankruptcies, representing landlords, tenants, lenders, financial institutions, domestic and foreign banks, acquirers, investors, debtors and creditors. Mr. Rose’s experience with distressed real estate and real estate-owning entities in bankruptcy includes his representation of Olympia and York and VMS NHP in their chapter 11 bankruptcies.  Mr. Rose also has significant experience in international and cross-border insolvencies, restructurings and workouts. He is a frequent author and lecturer on bankruptcy law topics.

Mr. Rosenfeld has been a hands-on strategic advisor on financial and operational issues in the corporate restructuring field. He has over 33 years’ experience advising and managing publicly held and private companies. Mr. Rosenfeld has restructured and assisted companies both in bankruptcy and out-of-court, assisted in the development and growth of companies, implemented controls, developed and executed strategic business plans and has assumed responsibility for overseeing operations and right-sizing companies’ balance sheets.

Mr. Prager is a managing director in the Disputes Consulting practice of Duff & Phelps. He has over two decades of experience as a financial advisor, interim manager, restructuring professional and expert witness. Mr. Prager primarily focuses on restructuring advisory and expert witness assignments for valuations and complex commercial litigation. He has represented both debtors and creditors in high-profile restructurings, including serving in interim executive officer/C-suite positions. Mr. Prager has testified and served as a consulting expert in bankruptcy matters, valuation and solvency disputes and other complex commercial litigation. He recently advised a small liberal arts college struggling with significantly reduced student count resulting in significant operating deficits. Mr. Prager is also working with a New York City private school adapting to the challenges presented by coronavirus. He holds the Chartered Financial Analyst (CFA) designation. Mr. Prager is a member of the CFA Institute, the CFA Society of New York and the American Bankruptcy Institute.