Michael Cordasco is a Senior Managing Director in the Corporate Finance and Restructuring Practice. Mr. Cordasco has over 20 years of experience providing restructuring advisory services to companies, lenders and official committees of unsecured creditors in both formal Chapter 11 proceedings and out-of-court workout situations. He has industry expertise in energy, financial services, automotive, media, telecommunications and consumer products, among other areas.

He has significant experience with reorganization and bankruptcy-related matters. His responsibilities have included plan negotiations, the preparation and review of business plans, cash flow forecasts, liquidation analyses and complex distribution waterfalls; the evaluation and negotiation of 363 sale processes; the development of strategic alternatives; the review of debtor-in-possession financing facilities and the analysis of creditors’ claims and projected recoveries under various operating and restructuring scenarios. 

Selected engagements that Mr. Cordasco has served on include Allied Office Products, American Safety Razor, Blitz USA, Buffets, Cengage, Colt Defense, Cooper-Standard Automotive, Corus Bankshares, Covia, Eletson Holdings, Energy XXI, Enron, Exco Resources, General Motors, Harry & David, Journal Register Company, Legacy Reserves, Mark IV Industries, Metro Fuel Oil, Northstar Offshore Group LLC, PGX Holdings, Refco, Regus, Rock & Republic, Sanchez Energy, SeaSpecialties, Spansion, Swift Energy, Talen Energy, United Companies Financial, US Airways Group, Valaris PLC, Vanguard Natural Resources, Voyager, Washington Mutual and WorldCom.

Prior to joining FTI Consulting, Mr. Cordasco was a Manager at Goldin Associates. Before that, he spent more than five years in Ernst & Young’s Corporate Finance practice.

Mr. Cordasco holds a B.S. in accounting from Fairfield University. He is a Certified Insolvency and Restructuring Advisor, Certified Public Accountant, a Certified Turnaround Professional and holds a Certification in Distressed Business Valuation. Mr. Cordasco previously held NASD registered licenses 7 and 63. He is a member of the American Institute of Certified Public Accountants, the Association of Insolvency & Restructuring Advisors and the Turnaround Management Association.

Education

B.S., Accounting, Fairfield University