Best Practices for Financial Advisors in Bankruptcy Mediation
By Rick Arrowsmith, Senior Managing Director & Russell Brooks, Senior Director, FTI Consulting, Inc.
Many complex litigation and bankruptcy issues are best suited for discussion outside of the purview of the bankruptcy judge, and the parties would be well served to test the strengths (and weaknesses) of their positions in a mediation setting. Financial advisors play a key role in preparing...
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Russell Brooks is a senior director at FTI Consulting. He specializes in insolvency litigation and recovery actions, corporate restructuring, bankruptcy administration services, and non-bankruptcy forensic accounting and commercial litigation matters. With more than 12 years of consulting experience, Brooks has performed a variety of advisory and fiduciary services to bankrupt or troubled entities or their unsecured creditors’ committees, such as General Motors in its Chapter 11 restructuring, Nine West, Sears, and Pilgrim’s Pride.
Rick Arrowsmith is a senior managing director at FTI Consulting. He specializes in turnaround and restructuring advisory work, concentrated in sub-acute care, laboratory, and healthcare real estate. Arrowsmith has more than 25 years of creditor workout experience and has participated in hundreds of mediations, in both bankruptcy and non-bankruptcy litigations. He has served as a restructuring advisor, liquidating trustee, receiver, or CRO on numerous bankruptcy matters.
