Anchoring Turnarounds on the 13-Week Cash Flow

TMA Webinar covers cash-forecasting tool used to help companies

CHICAGO, June 2, 2011 /PRNewswire-USNewswire/ -- Tracking cash expectations over a quarter is a critical task, especially for distressed businesses, and restructuring specialists routinely use the 13-week cash flow method to guide businesses toward stability.

Experts from the Turnaround Management Association, a professional association representing the corporate restructuring industry, will discuss the model during a Webinar, "The Turnaround Scorecard: 13-Week Cash Flow Model," on Thursday, June 9, from noon to 1 p.m. (EDT).  

One of the most popular TMA Webinars, this session features a panel drawn from banks, turnaround consulting, and law firms. Speakers are:

• Moderator, Frank R. Mack, CTP, senior managing director, Accretive Solutions Capital Partners, Inc., Chicago. A certified turnaround professional (CTP), Mack has 20 years' experience in special situations investing, interim management, and financial advisory work with underperforming and distressed companies.
• Carl Lane, managing director, Willow Tree Consulting Group LLC, Chicago. Lane possesses more than 20 years' experience at tier-one professional services firms, most recently working as managing director with AlixPartners LLP before establishing Willow Tree.
• James M. Macdonald III, senior vice president, JPMorgan Chase, Midwest Region, Indianapolis. Concentrating on developing new business in a multi-state region, Macdonald has more than 16 years middle market and large corporate commercial finance experience.
• David W. Wirt, partner, Locke Lord Bissell & Liddell LLP, Chicago. As chair of the firm's Bankruptcy and Restructuring group, Wirt concentrates on insolvency, bankruptcy, and business reorganization matters and has represented corporate debtors, official creditors' committees, and institutional lenders, among others.
• Kenneth R. Yager II, principal, MorrisAnderson, Chicago. Yager possesses nearly 20 years experience in the restructuring industry, including overseeing profit and loss at cash-constrained companies in growth, leveraged-buyout, and turnaround situations.

With international headquarters in Chicago, TMA, www.turnaround.org, has more than 9,000 members including turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.

SOURCE Turnaround Management Association