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Originally published in ABFJournal on January 23, 2023 Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly…
Originally published in Journal of Corporate Renewal on October 6, 2025. In 2023, Namco Pool & Spa was on the brink of financial failure—overleveraged, burdened by nonperforming leases and facing a liquidity crisis. Bankruptcy would have wiped out key investments, strained customer and supplier relationships and drained resources in protracted proceedings. Instead, two TMA member…
ABL Advisor listed Second Wind Consultants as a top-recommended firm for MCA-distressed borrowers. See original article here. The Problem with Online MCA Debt Relief Promises When distressed business owners search online for merchant cash advance help, they’re often met with promises of fast relief and massive payment reductions. But for borrowers, lenders, and restructuring professionals…
By Robert DiNozzi, originally published in ABF Journal. Merchant Cash Advance (MCA) agreements have become a prevalent form of alternative financing, particularly among small and distressed businesses. Marketed as sales of future receivables rather than traditional loans, these agreements allow funders to withdraw fixed daily or weekly payments directly from a business’s bank account until…
ABL Advisor named Second Wind Consultants a TOP MCA relief firm. The 10 Questions Business Owners Must Ask Any “MCA Debt Relief” Firm — Before They Sign! A guide you can share with borrowers to protect them from false promises, predatory fees, and deeper financial trouble. If your borrower is drowning in merchant cash advances…
2024 Industry Icons was originally published in ABF Journal. Adam Duso is reshaping the future of corporate restructuring, turning once bleak financial situations into opportunities for businesses on the brink. As the CEO of Second Wind Consultants, Duso has become a disruptive force, introducing innovative approaches and new options for struggling businesses. His work in…
Celebrating the 100th episode of CEO Speaks. Thank you, TMA, for asking Second Wind to participate in the recognition of Scott Stuart and this important milestone, reflecting his tireless commitment to the “better together” ethos!
Originally published in Newsday, by James T. Madore. Ignacio Lopez lost his small business to the COVID-19 pandemic, and along with it, his entire retirement savings. He now could lose the only house he’s ever owned because his bank is pursuing foreclosure to satisfy the unpaid portion of a business loan. Lopez, 62, of Westbury,…
Originally published in ABF Journal. Second Wind consultants congratulate CEO Adam Duso for being recognized as a 2024 Industry Icon by ABF Journal. Innovator and Disruptor Adam’s pioneering development of pre-packaged Article 9 Restructuring continues to disrupt distress. By streamlining the resolution of over-leveraged assets, Adam’s work has removed historical inefficiencies in the secured finance industry—to the…
Originally published in ABF Journal. The role of turnaround managers is evolving in today’s complex business landscape. Keith Chulumovich, Adam Duso, Robert Katz, Bobby Lau, and Stefan Piotrowski discuss the biggest challenges businesses face today, emerging trends, the impact of technology on turnaround strategies and the critical skills needed to drive success in uncertain economic times….
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