CHICAGO, April 26, 2011 /PRNewswire-USNewswire/ -- Turnaround Management Association will recognize three TMA chapters and a volunteer known for unswerving commitment to the association during the 2011 TMA Spring Conference, April 27-29, at the JW Marriott Chicago.

TMA, the premier nonprofit association representing the corporate restructuring industry, has 47 chapters worldwide and is honoring three that delivered especially distinctive service to their members and communities in 2010 through high-quality member education and networking, and civic and community endeavors. Likewise, TMA honors individuals who raise awareness and the stature of the corporate restructuring industry.

The winners are:

Toronto – 2010 Chapter of the Year
A two-time winner of this award, the 349-member chapter has nearly perfected a recruitment method for young professionals.  Members of its Young Restructuring Professionals program mapped the way, tapping senior executives and conducting online research to identify new TMA recruits. The chapter also upheld its tradition of presenting pacesetting events.  Pervez Musharraf, the former president of Pakistan, delivered the keynote address at the 2010 Newsmaker Dinner, marking its eighth year, and the Eleventh Annual Symposium offered topflight industry education for attendees from Canada and the U.S. A Spring Gala will honor outstanding women professionals and raise funds for a center that helps women and children.

Australia - 2010 International Chapter of the Year
TMA's largest chapter outside the U.S. is the first recipient of this award. The chapter hums along, though its 341 members fan out across four states — New South Wales, Queensland, Western Australia, and Victoria.  The chapter aced its plan to recruit more bankers and financiers, hit a record with more than 330 attendees at its 2010 Turnaround Awards Dinner, and attracted 60 registrants to its first certification course. The chapter also joined peer organizations to weigh in on government policies regarding insolvency and maintained its image as a top fundraiser; the TMA Sportsman's Lunch raised more than $200,000 for Special Olympics Australia (SO).

Rocky Mountain – 2010 Most Improved Chapter of the Year
The TMA Rocky Mountain Chapter gave nonprofit organizations a leg up in a tough economy by offering programs covering turnaround management strategies.  The project started in Utah and will expand to greater Denver, reflecting the 191-member chapter's presence across a wide geographical region. Members lectured in finance, law and MBA classes at the University of Denver and University of Utah and awarded scholarships to students at both schools. The chapter organized educational programs on its own and as partners with peer groups, and held a fundraising golf tournament.

Harvey Gross – 2010 Outstanding Individual Contribution
Senior vice president and head of credit with Harborcove Financial; founder and president of HSG Services Inc.; managing director of the New York Institute of Credit — those professional commitments aside, Gross is a TMA stalwart through and through. For the TMA New Jersey Chapter, he chaired the education, publicity and enhancement committees and served as chapter president. He helped launch regional conferences, and as a TMA International Board member, served on a variety of committees. He also has advised professionals interested in starting TMA chapters.  

Chicago-based Turnaround Management Association, www.turnaround.org, has more than 9,000 members in 47 chapters worldwide, including turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.

SOURCE Turnaround Management Association