Crumbo heads to Japan for trade mission
Oct. 12, 2009
Kevin Crumbo, member-in-charge of KraftCPAs Turnaround & Restructuring Group, PLLC, will attend the 2009 Southeast United States/Japan annual meeting in Tokyo October 18 – 20. Crumbo will be part of a delegation led by Governor Bredesen and Economic & Community Development Commissioner Matt Kisber. The trade mission is coordinated by the Japan-America Society of Tennessee. Full Story
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If your business is in trouble, bankruptcy is NOT the only road open
Feb. 20, 2009
Newspaper headlines are ominous these days. And while we wish it were hyperbole, the nearterm forecast for our economy is bleak. A down market and almost daily announcements of companies filing for bankruptcy protection are giving many business owners a run for their money, literally. It's no secret that a tight credit market and decreased consumer spending are impacting businesses all over the country. Full Story
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New credentials augment Kraft team's valuation and forensics niches
Dec. 17, 2008
Nashville accounting firm KraftCPAs is pleased to announce that Glenn Perdue and Kevin Crumbo have become among the first professionals in the country to receive specialty designations related to forensics and valuations. The new credentials enhance the firm's position as a leading provider of highly specialized litigation support work. Full Story
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Softened Economy Increases Lenders' Demand for Turnaround Consultants
Nov. 21, 2008
With the all of the recent softening in the economy and turmoil in the capital markets, lenders are seeking the help of turnaround consultants with increasing frequency. As often occurs in a downturn, what was once just the purview of bank workout departments is nowrelevant for all types of commercial lenders, often well before a loan has been deemed to be a "workout." Read the entire article: Softened Economy Increases Lenders' Demand for Turnaround Consultants
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KraftCPAs Turnaround & Restructuring Group participates in China trade missions
Jan. 11, 2008
The booming economy of China is impacting businesses of all sizes around the world, including Tennessee and the surrounding states. Both Governor Bredesen and former Nashville Mayor Purcell have sponsored trade missions to China for the purpose of promoting trade between U.S. and Chinese companies. Full Story
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Crumbo elected to IBC board of directors
Oct. 17, 2007
Kevin Crumbo, member-in-charge of KraftCPAs' Turnaround and Restructuring Group, has been elected to the board of directors of The Nashville Area Chamber of Commerce's International Business Council (IBC) for 2007-2008. Full Story
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Turnaround/Restructuring Group sees forensic investigations increase at distressed companies
Oct. 17, 2007
"It's not a practice area I heard much about as an undergraduate accounting student 20 years ago, but forensic accounting tops the list of services requested by many of our clients today," says Kevin Crumbo, member-in-charge of KraftCPAs' Turnaround and Restructuring Group. Full Story
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Myles MacDonald joins KraftCPAs Turnaround & Restructuring Group
July 5, 2007
KraftCPAs Turnaround & Restructuring Group is expanding further with the addition of Myles MacDonald to the team. "Myles' turnaround and restructuring experience with operating companies and a large lending institution increases the resources available to all of our clients," says KraftCPAs Turnaround & Restructuring Group Member-in-Charge, Kevin Crumbo. Full Story
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Act quickly to protect interests in bankruptcy
Jan. 31, 2007
When a customer files for bankruptcy, trade vendors often learn of the bankruptcy only when notified by the customer after the filing or perhaps by news media or rumor. If owed a significant amount, an unprepared vendor can quickly find itself in a difficult position of its own. While large companies often have financial officers and credit departments skilled at handling customer bankruptcies, smaller ones without such resources need to obtain specialized assistance and move quickly to protect their interests. Full Story
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Selling a distressed company requires skillful timing to maximize value
Jan. 31, 2007
While it can be emotionally and financially painful for the owner, selling a distressed, owner-operated company can be the best -- and sometimes only -- option. Making this decision within the "window of opportunity" is crucial to maximizing value. Full Story
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KraftCPAs Turnaround & Restructuring Group recommends looking south for low expansion costs
April 12, 2006
For companies looking for expansion opportunities in the Southeast, substantial incentives are available in an area now known as the Gulf Opportunity Zone or "GO Zone," comprising the large areas of Alabama, Mississippi, and Louisiana shown on the attached map. Full Story
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International resources are critical to Tennessee companies expanding abroad
Feb. 21, 2006
The emergence of several trends now requires many leading professional firms to provide international resources at all times. Gone are the days when clients only expected such resources from specialized firms. Trends such as Internet commerce and easing cross-border trade restrictions have opened opportunities for many companies to compete and grow globally. Full Story
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New KraftCPAs unit assists client with turnaround & restructuring services
May 1, 2004
KraftCPAs, PLLC has launched KraftCPAs Turnaround & Restructuring Group, a unit dedicated to meet a rising demand from clients encountering troubled situations. Aside from traditional turn-around management services, clients now seek assistance with fraud investigations, corporate governance reviews, and litigation support. Full Story
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