TMA Webinar: Cash-Forecasting System Lights Way for Distressed Companies

Oct 22, 2010, 10:38 ET from Turnaround Management Association

CHICAGO, Oct. 22 /PRNewswire-USNewswire/ -- For a troubled company, managing cash in the short term can determine whether a turnaround soars or sours.  The 13-Week Cash Flow (TWCF) system remains a durable technique for helping companies under duress restructure, recapitalize or prepare for going-concern sales or orderly liquidations.

The Turnaround Management Association focuses on that cash-forecasting system in the next installment of its TMAccess educational webinar series, "Thirteen Week Cash Flow: What's in a Number? The First 13 Weeks May be Everything," scheduled from noon to 1 p.m. (EDT) on Tuesday, October 26, 2010.

"Over the duration of a TWCF model, the underlying operating plan should maximize the net cash flows and enterprise value of the company within its constraints," said Frank R. Mack, senior managing director of Accretive Solutions Capital Partners, Inc., in New York. "These concepts and processes often are utilized by the best run multinational companies and are essential to underperforming companies to maximize performance and enterprise value."

A certified turnaround professional (CTP), Mack has 20 years' experience in special situations investing and interim management and financial advisory work with underperforming companies. He will moderate a panel of TMA members:

  • Robert D. Katz, CTP, managing director, Executive Sounding Board Associates Inc., Philadelphia, possesses more than 25 years of strategic and hands-on experience as a chief financial officer, CEO, COO, CFO, restructuring officer and management consultant in finance, operations and marketing.
  • James M. Macdonald III, senior vice president, JPMorgan Chase, Midwest Region, Indianapolis, oversees new business development and has more than 16 years of middle market and large corporate commercial finance experience with an emphasis on relationship banking and originating asset-based and cash flow commercial loans.
  • David W. Wirt, partner, Locke Lord Bissell & Liddell LLP, Chicago, chairs the firm's Bankruptcy and Restructuring group and his practice focuses on insolvency, bankruptcy and business reorganization, including representing corporate debtors, official creditor committees, institutional lenders and government agencies.

Chicago-based TMA,, 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