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Edward Phillips

, Partner

CONTACT

Edward Phillips
Partner
215.881.8168

SPECIALTIES

  • Bankruptcy & Restructuring
  • Forensic Investigations
  • Fiduciary Services

CREDENTIALS / EDUCATION

  • Certified Public Accountant (CPA)
  • Certified Turnaround Professional (CTP)
  • Certified Insolvency & Restructuring Advisor (CIRA)
  • Certified Fraud Examiner (CFE)
  • Certified in Financial Forensics (CFF)
  • The Ohio State University: Finance

AFFILIATIONS

  • Turnaround Management Association: Philadelphia Chapter, President Association of Insolvency & Restructuring Advisors
  • American Bankruptcy Institute
  • Association of Certified Fraud Examiners
  • American Institute of Certified Public Accountants
  • Pennsylvania Institute of Certified Public Accountants

Edward Phillips is a Partner in the firm’s Financial Advisory Services Group. He has over 25 years of experience in finding solutions to problems in restructuring, insolvency, liquidation, and forensic accounting matters. Ed has represented a variety of parties and functioned in a number of roles in bankruptcy proceedings, out-of-court restructurings, forensic accounting engagements and post-confirmation engagements.

Ed 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 complex forensic accounting matters and avoidance actions. 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.  

Ed was a principal author of The Chief Restructuring Officer’s Guide to Bankruptcy published by the American Bankruptcy Institute. He has spoken before professional and trade groups on troubled company issues, preference and fraudulent conveyance actions, and financial statement analysis. 

  • What words of wisdom or famous quote most influences you professionally?
  • "You have seen enough of the different conditions of life to know that it is neither wealth nor splendor, but tranquility and occupation which give happiness.” – Thomas Jefferson, from a letter to his sister, Anna Jefferson Marks
  • Where did you grow up?
  • Newark, Ohio
  • Describe your college experience in one sentence.
  • My college experience instilled within me a love and loyalty for my alma mater that will stay with me the rest of my life.
  • How do you enjoy spending your time outside the office?
  • Playing squash, traveling, gardening, reading and relaxing with friends.
  • What are you most passionate about with your work?
  • Solving complex problems.
  • What client issue do you have a knack for resolving?
  • Keeping things in perspective and providing clarity in situation.
  • Why did you become a CPA?
  • So I wouldn't have to explain why I wasn't a CPA.
  • I love when clients ask me about …
  • What they’re thinking of doing, before they do it. That way we can discuss the pros, cons and implications of the act before it can’t be undone.
  • If you had to choose another occupation, what would it be?
  • Distiller, brewer or securities analyst. It depends on the day.
  • What is your favorite TV show?
  • Aside from live sports, I watch very little TV. However, Family Guy is always good for a laugh.
  • What is your favorite nonprofit to support?
  • Free Library of Philadelphia Foundation, because after exercise, the best way to keep at-risk children out of trouble is to get them reading and give them a safe place to go for intellectual exploration.
  • What was your favorite car that you owned?
  • My 2002 BMW 525i. Unfortunately, at around 180,000 miles, it consumed almost as much oil as gas.
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