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Blank Rome senior counsel <a href="/people/ira-l-herman/" type="poa_person" id="19144">Ira L. Herman</a> will serve as a panelist for three sessions at the Association of Insolvency &amp; Restructuring Advisors’ (“AIRA”) <a href="https://aira.org/brc/home/2026">2026 Bankruptcy &amp; Restructuring Conference (BRC26)</a>, being held June 3 through 5, 2026, in Nashville, Tennessee. Blank Rome is pleased to be a Silver Sponsor of the Conference.

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Ira’s first two sessions will take place on Wednesday, June 3, as part of The&nbsp;Financial Advisors’ Toolbox&nbsp;pre-conference program:

Preserving Vendor Confidence—Trade Credit Management in Stress &amp; Distress

For many businesses in distress, liquidity depends not just on cash and credit facilities but on whether vendors continue extending ordinary-course trade credit. This panel examines vendor management as a core liquidity discipline: why conventional cash flow forecasts fail to capture vendor-driven risk; how vendor pressure actually builds and migrates through the supply chain; frameworks for segmenting vendors and prioritizing payments across forward-flow, legacy, and strategic exception categories; communication as a liquidity tool; governance over vendor messaging and management behavior; ethical considerations in distressed vendor communications; and preserving enterprise value when the operating system depends on counterparty confidence.

Moderator: John Halloran, CIRA, J. Halloran Partners LLC

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Robert J. Frezza, CIRA, CohnReznick Advisory LLC

David E. Sklar, Porzio, Bromberg &amp; Newman, P.C.

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Liability Management &amp; Distressed Capital Structures—From CRE to Creditor-on-Creditor Conflicts

The commercial real estate debt maturity wall, rising distress in Class B/C office and multifamily properties, and tightening credit conditions are forcing lenders and sponsors into increasingly complex restructuring transactions. At the same time, liability management exercises—uptier exchanges, dropdown transactions, and double-dip financing structures—have reshaped how creditors compete for recoveries in mid-to-large market restructurings. This panel bridges both worlds, examining how distressed capital structures are being addressed across asset classes. Topics include: the CRE distress cycle and how lenders are responding to maturing loans in a declining market; common LME structures and the “creditor-on-creditor violence” phenomenon; how these transactions affect the Chapter 11 process and intercreditor dynamics; valuation challenges when collateral values are uncertain or declining; recent landmark cases and rulings; and ethical considerations for advisors navigating competing creditor interests.

Kyle F. Arendsen, Squire Patton Boggs (US) LLP

Ira’s final session will be on Thursday, June 4:

Two Sides to Every Story: The Holistic View of ABC

Companies are increasingly turning to Assignments for the Benefit of Creditors (“ABCs”) as an effective, streamlined alternative to federal bankruptcy. Especially in the lower middle-market space (and, increasingly in large, complex, and even publicly traded situations), ABCs provide a nimble, cost-effective path toward maximizing value and preserving continuity. What are the mechanics of ABCs? And how do asset buyers figure in to the wind down strategy?

Ron Bender, Levene, Neale, Bender, Yoo &amp; Golubchik L.L.P.

Molly Froschauer, Resolution Financial Advisors LLC

For more information, please visit the&nbsp;<a href="https://aira.org/brc/home/2026">event webpage</a>.

AIRA Annual Bankruptcy & Restructuring Conference (BRC26)

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AIRA Annual Bankruptcy & Restructuring Conference (BRC26)

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