Harney Insights

For many middle-market companies, “Chapter 11” sounds like failure. Employees fear layoffs. Vendors worry they will not be paid. Customers start looking for alternatives. Owners often feel they waited too…Read More

The current restructuring cycle has pressure points unlike any in recent memory. Loan default rates have settled at roughly 4.3% of issuers, well above the pre-pandemic 2–3% range, and roughly…Read More

A turnaround is often a race against time: can the business stabilize before liquidity pressure forces the outcome? In many distressed situations today, the core issue is not whether the…Read More

You are sitting in a boardroom. The CEO tells the board that sales are beginning to recover. The lender asks for a 13-week cash flow forecast. The finance team produces…Read More

Supplement to April 2026 Action Brief BOTTOM LINE CAPE went live this morning.[1] Phase 1 is operational, the path to refunds is real, and the government has not yet sought…Read More

Download the full copy of the whitepaper here. Over the past year, tariffs quietly reshaped margins, supply chains, and liquidity across the middle market. Now they have created something far…Read More

CONSUMER DURABLE GOODS The consumer durable goods sector has consistently been driven by the strength or weakness of the consumer himself or herself. Today, that relationship is under significant strain….Read More

Financial statements are essential – but are received after (sometimes long after) the performance being reported has occurred. By the time a borrower’s statements show financial stress, the underlying issues…Read More

Cars keep America moving – and so do auto loans. But in the subprime corner of the market, cracks are showing. More missed payments and rising repossessions hint at deeper…Read More

Auto dealerships run on one thing above all: inventory. And the engine behind that inventory is floor-plan financing – the short-term credit dealers use to purchase vehicles before they’re sold….Read More