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WHAT'S INSIDE:
President David Levy makes exciting announcement for TMA Members
MARC and Golf Event Photos
TMA Scholarship Foundation Winners
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| TMA Chicago/Midwest | July 2025 | Q2 | |
SAY CHEESE! CAUGHT ON CAMERA
| | Presidents of TMA Past, Present and Future | From the boardroom to the ballpark, Past President Dave Mack, CTP, Pathfinder Group (left), President-Elect, Sandy Prabhakar, Armory Securities (center), and current President David Levy, Keen-Summit Capital Partners/Summit Investment Management (right), connect at the annual Brewers Game Outing on May 20. | | |
CHAPTER LEADERSHIP MUSINGS | | | |
Who's In The Room?
David Levy, Summit Investment Management / Keen-Summit Capital Partners
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When I initially joined TMA and attended my first restructuring event, I quickly realized that even with years of business experience, I didn’t completely understand what many of the people I met actually did. What exactly is a “Claims Agent” and do they work in insurance? Aren’t all loans “Asset-Based Loans”? Is a “Financial Advisor” going to give me a stock tip?
It turns out I wasn’t alone, as other new members tell me they have the same issue. Our industry is built on deep specialization, and while that’s part of what makes it so effective, it can also be intimidating to newcomers. That’s why, as Chapter President, I wanted to create a tool that would help members—especially new ones—get oriented faster and more confidently. Read on for an exciting announcement...
| | VICE PRESIDENT COMMUNICATIONS | | |
TMA's Value: Relationships and Resources
Mark Silverman, Troutman Pepper Locke
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In today's rapidly evolving global landscape, uncertainty has become a familiar companion. As businesses face unprecedented challenges and commercial real estate assets continue down the path of distress, the TMA stands as a steadfast partner.
The TMA is more than just an organization; it is a community of professionals dedicated to providing solutions in distressed situations, fostering relationships, and facilitating referrals that drive success. In an environment where change is the only constant, TMA serves as a reliable North Star, helping members chart a course through complexity with confidence and clarity.
The connections formed within TMA are invaluable. They extend beyond professional networks to become enduring partnerships that can withstand the pressures of uncertainty. Whether seeking strategic advice, exploring new opportunities, or simply connecting with peers who understand the intricacies of turnaround management, TMA members find a wealth of resources and support. Read more...
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CHAPTER NEWS: TMA OUT N' ABOUT | | | |
May 1: Cinco de Mayo Networking Night Brings TMA Members Together
By Jake Prizant, Hilco Global
| | The TMA Membership Committee hosted a spirited evening of networking and celebration at Barrio in Chicago’s River North. Embracing a Cinco de Mayo theme, the event welcomed 35 members who enjoyed lively conversation, festive cocktails, and flavorful bites in a vibrant atmosphere. Gatherings like this continue to foster meaningful connections across our TMA community, offering both new and longtime members a fun and engaging way to connect outside the office. | | |
May 6: TMA NOW and Education Committees Host Inaugural Spring Luncheon
By Emily Gottlieb, Angeion Group
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This spring, nearly 40 professionals gathered in Chicago’s Ivy Room for the first-ever joint lunch program planned by the TMA NOW and Education Committees. Attendees enjoyed a lively networking lunch and engaging panel discussion titled “The Evolving Role of Women in the Restructuring and Legal Profession.”
The program was skillfully moderated by Lisa Vandesteeg of Levenfeld Pearlstein and featured a distinguished panel of judges: Judge Laura McNally, Judge Anita Shodeen, and Judge Deborah Thorne. In a candid and inspiring conversation, the judges shared personal stories and advice about forging purposeful careers in the legal and restructuring fields. Read more....
| | June 5: TMA Annual Golf Outing – Teeing off Wisconsin Style | | | | Republic is proud to announce that it has hired Katie Hay as AVP, Paralegal in its New Orleans Office reporting directly to its Legal Manager, Christy Morgan. This hiring marks Republic’s 10th new hire in the past 18 months as it continues to build out its national strategy as a wholly owned Subsidiary of Renasant Bank “RNST”. Republic is hiring across the country please reach out to Robert Meyers. | | | | Kevin A. Krakora, CTP, Senior Managing Director and head of the automotive and transportation practice with Getzler Henrich, recently participated on a panel in an international webinar across multiple TMA Global chapters titled “Auto Industry Update: Impact of Tariffs and Trade Policies.” RetailRX also published an article based on the webinar titled “Trade Turbulence: U.S. Automotive Industry Braces for Tariff Fallout Amid Global Uncertainty.” Kevin is currently serving as President and Chief Executive Officer of UniGroup C.A., a leader in the transportation industry and parent company of well-known brands Mayflower Moving and United Van Lines. | | | | Jack Shadid, Hinshaw & Culbertson, recently presented a seminar on the new Uniform Commercial Code provisions governing controllable electronic records such as cryptocurrency, NFTs, and other digital assets exchanged on blockchain platforms. The law creates a framework for using digital assets as collateral. He is also expecting to publish an article on the same topic with the Illinois Institute for Continuing Legal Education. Jack has also published an article in the Illinois Institute on Continuing Legal Education (IICLE) FLASHPOINTS newsletter on the new UCC provisions governing cryptocurrencies and other digital assets. | | | | KCP Advisory Group proudly announces that Marjorie “Margie” Kaufman has joined the firm as a Senior Managing Director, bringing decades of experience in restructuring, turnaround, and interim management to KCP. “Margie brings an incredible depth of experience, integrity, and energy to our team,” said Jacen Dinoff, CEO of KCP Advisory Group. “Her insights and collaborative style make her a perfect fit for our team and our clients. We’re thrilled to have her on board.” | | |
TMA SCHOLARSHIP FOUNDATION | | | Congratulations to our 2025 Scholarship Foundation Winners! | | | |
ELIZA BERESH
Eliza Beresh is a recent graduate of Jones College Preparatory High School in Chicago, Ill. During her four years at Jones, she enjoyed playing on the girls tennis team and her role as co-captain of the varsity team her senior year, writing and editing for the school newspaper, and spending three years on student government. She will be attending the University of Wisconsin - Madison in the fall and majoring in sociology. She would like to shout out her dad, Matt Beresh, a Senior Managing Director at Accordion, who has been an active TMA member for 20 years and currently serves as the co-chair of the Capital Marketplace Committee, for sponsoring her submission. While she loves her dad dearly, she does not intend to use her sociology degree to follow in his footsteps.
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JAYLA MARCUS
My name is Jayla Marcus. I recently graduated from Highland Park High School as a valedictorian. Next year, I will be attending Wesleyan University in Middletown, Connecticut. My major is undecided, but I am currently looking into studying English, sociology, and/or film, although I am keeping my options open. The sponsor of my submission is my father, Micah Marcus, who is a restructuring lawyer and has been assisting companies with corporate turnarounds for about 25 years. Outside of school, I am very passionate about the arts, especially theatre. I have been acting for nine years, and I was also chosen by my high school as one of two head writers for a fully student written musical. I hope to keep writing in the future. I am also very interested in language as a whole, and I plan to continue studying both Spanish and French.
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MORGAN RIDGWAY
I am incredibly honored to have been selected as a recipient of the $3,000 scholarship from the Turnaround Management Association. This generous award will directly support my educational journey as I begin a new chapter—pursuing admission to Saint Mary’s College in South Bend, located near the University of Notre Dame. I will be using this scholarship to help fund my transition into the Master of Accountancy program at the University of Notre Dame, a program that reflects both my passion for the field and my long-term professional goals.
I am deeply grateful to TMA for investing in my future. Opportunities like this make a meaningful difference in the lives of students, and I am sincerely thankful to be among those chosen. This scholarship affirms my dedication to academic excellence and professional integrity, and I’m excited to carry that forward in all that I do.
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