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Edward Phillips Elected President of Philadelphia Chapter of the Turnaround Management Association

Edward Phillips, a Partner in the Bankruptcy and Restructuring Group of EisnerAmper LLP, was recently elected President of the Philadelphia Chapter of the Turnaround Management Association (TMA). He will serve for a two-year term.

As President, Phillips will set the direction for the Chapter, which is one of the most active in the nation, and will have overall responsibility for the Chapter’s events, activities, and educational offerings. As Chapter President, Phillips also becomes a member of the TMA’s global Board of Trustees which meets twice annually. He also serves as the Chapter’s primary liaison with other related professional organizations including the Association for Corporate Growth, Commercial Finance Association and the New York Institute of Credit.   “I am proud to have been asked by my colleagues at the Philadelphia TMA to assume these new duties,” Phillips said. “The work that we do on behalf of troubled companies is important not only to the firms themselves but to their employees, their creditors and the business communities where they reside. I very much look forward to continuing the excellent work of my predecessor, Michael Goodman; and to forging lasting relationships with all our members.”

Phillips has over 25 years of experience in finding solutions to problems in restructuring, insolvency, liquidation, and forensic accounting matters. He has represented a variety of parties and functioned in a number of roles in bankruptcy proceedings, out-of-court restructurings and post-confirmation engagements.

He has worked with numerous troubled company clients, Chapter 11 creditors’ committees and secured lenders across a wide range of industries. In addition to his advisory roles, he has served as a Chief Restructuring Officer, post-confirmation trustee, elected Chapter 7 trustee, and receiver in multiple federal jurisdictions and the Delaware Chancery Court. He has provided acquisition due diligence services to buyers of distressed assets.  He routinely consults with and advises clients involved in distressed situations. He has testified on numerous occasions on avoidance actions, cash collateral disputes, plan feasibility, fraud and other financial matters in dispute.  He has also written articles on related topics for various professional publications; and was one of the principal authors of The Chief Restructuring Officer’s Guide to Bankruptcy, published by the American Bankruptcy Institute. Ed has spoken before professional and trade groups on troubled company issues, preference and fraudulent conveyance actions, financial statement analysis, and not-for-profit restructurings.

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