Second Wind named a 2025 Top Turnaround Firm by ABF Journal.
Our Article 9 restructuring resolve assets of sub-debt in just weeks, creating a new bridge between exiting and incoming lenders, while changing the way ABLs evaluate opportunities.
Over-leveraged companies in need of factoring/ABL facilities won’t qualify for terms when assets or receivables are encumbered by a host of secured and subordinate debt. An Alliance with Second Wind will restructure your target entity, removing all subordinate liens and obligations while putting you in first position to lend.

More Originations:
ABLs can now review opportunities based on underlying asset value, without regard to sub-debt which is resolved through our Article 9 process.
Clean Exits:
ABLs can exit underperforming credits efficiently, without formal liquidation, providing for an incoming lender to refinance those same assets, resolved of sub-debt.
Client Preservation:
Our process can preserve a client relationship threatened by MCAs or other sub-debt, by resolving the assets and giving the business a clean new balance sheet in just weeks.
Over the past ten years, Second Wind has conducted thousands of restructures in the distressed space. Through a single, frictionless transaction, we preserve the full ongoing concern value and continuity of operations of a distressed business while fully resolving subordinate debt. For the ABL or factoring professional, we deliver back a pristine, debt-free enterprise in 45 to 60 days.
For alternative lending professionals, Second Wind turns untransactable deals into great situations. Ask us how.
Learn how a strategic alliance with Second Wind Consultants will put you in first position and scale your deal flow.
Featured Posts
Selected perspectives on how businesses overcome distress and find a path forward.

MCAs: Can ABLs and Factors Stop the Collateral Damage?
MCA encumbrances don’t just hurt business owners—they destabilize the lenders trying to serve them. This piece explains how Article 9 restructuring gives ABLs and factors a practical, court-free tool to eliminate MCA interference and turn distressed credits into clean lending opportunities.

How Asset-Based Lenders Can Leverage Article 9 to Generate Business, Mitigate Loss
This piece breaks down how Article 9 restructuring works as both a defensive and offensive tool for ABLs—cleaning up distressed credits without costly litigation while turning previously unlendable deals into clean first-position opportunities.

The Clean Slate: Mastering Article 9 Restructuring
ABF Journal’s Editor in Chief Rita Garwood sits down with Adam Duso of Second Wind Consultants and Jacen Dinoff of KCP Advisory to break down how Article 9 restructuring works as a faster, cleaner alternative to bankruptcy for middle-market companies buried in layered debt.
Latest Insights
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