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  • Out of Sight, Out of Margin

    By: Matthew Manning, Kenneth Ehrler, Kelly Alonzo (M3 Partners)  Restaurant operators have absorbed years of disruption—labor shortages, inflation, supply‑chain volatility, and shifting consumer behavior. While many shocks have normalized, a more structural issue has emerged: widening performance dispersion driven not by brand or scale, but by visibility into true unit‑level economics.  Recent benchmarks show a…

  • Governance Void, Enter Restructuring Professionals to Set Risk Management Protocols

    Are these protocols capable of enduring another wave of volatility? By: Joel Cohen, Stout Managing Director / New York Regional Leader As we get further and further away from the wave of digital asset company insolvencies, we still see their influence.  They were notable for both its scale and for what it revealed about how an…

  • The Asset That Rarely Makes the Restructuring Checklist

    By: Justin Blau In turnaround and restructuring engagements, time is scarce, liquidity is constrained, and decisions are often made with imperfect information. Professionals move quickly to assess operating performance, working capital, real estate, and saleable assets. Yet one category of value is frequently absent from these conversations—not because it lacks relevance, but because it sits…

  • You Can’t Sit on a “Void” Judgment Forever: Supreme Court Tightens the Clock in Coney Island Auto Parts v. Burton

    by Joseph E. Sarachek, Strategic Liquidity Fund For years, distressed investors, trustees, and turnaround professionals have lived with an uneasy question: If a judgment is truly “void,” can it be challenged at any time? On January 20, 2026, the Supreme Court delivered a clear and definitive answer: no. In Coney Island Auto Parts Unlimited, Inc.…

  • The Debate Around Third Party Releases Primed to Heat Up Again

    By: Dean Oswald While much of the bankruptcy world has been preoccupied with “creditor on creditor violence” resulting from liability management exercises over the past two years, recent rulings from the Southern District of New York have brought the debate around non-consensual third-party releases back to the forefront. See, e.g., In re Gol Linhas Aéreas…

  • Check Out the TMA NYC Members who are Attending the TMA Distressed Investing Conference February 10-13 in Las Vegas

    The 2026 TMA Distressed Investing Conference will take place from February 10 to 13, 2026, at the Encore at Wynn Las Vegas. Click Here to Connect with fellow members through the TMA Directory before you go!

  • Welcome 2026 TMA NYC Board

    Please Join Us in Welcoming the 2026 Executive Committee & Board of DirectorsConnect with them here.

  • 2026 TMA NYC Board and Leadership Announced

    We’re excited to announce the incoming TMA NYC board of directors, taking office on January 1, 2026! This talented group of turnaround and restructuring professionals brings invaluable expertise and fresh perspectives to our chapter. With a shared commitment to fostering growth, collaboration, and innovation, they’ll lead us in advancing TMA NYC’s mission and delivering value…

  • TMA NYC Invites You to Become a 2026 Sponsor

    THINK! SPONSORSHIP TMA NYC invites your firm to become a 2026 TMA NYC Annual Sponsor. Our goal is to provide our Annual Sponsors a broad promotional platform to showcase their firm as a premier turnaround management service provider. We ask you to review and consider our 2026 Sponsor Prospectus linked below and to commit to…

  • 2026 TMA NYC Committee Nominations Now Open

    Are you interested in serving on a TMA NYC Committee? The form below can be used to nominate yourself or others for TMA New York City Chapter Committees. You are encouraged to pick your top four positions in the application. Increasing your involvement with TMA NYC will be very rewarding both professionally and personally. Please…