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Kenneth A. Simon, Managing Director
For
almost 30 years, Ken has specialized in providing financial
advisory services in bankruptcy and insolvency matters. He
has been a financial advisor to unsecured creditors’ committees,
debtors, lenders, equity and retiree committees. Ken also
has 15 years of experience as an auditor with nationally recognized
public accounting firms.
As a reorganization
and insolvency specialist, Ken is well versed in evaluating
the ongoing viability of troubled companies, analyzing short
term cash flow projections, business plans and Plans of Reorganization
(“POR”). Ken’s extensive experience across a variety
of business sectors enables him to provide clients with a
detailed assessment of the specific financial and operational
problems experienced by a troubled company, along with an
objective recommendation of proposed strategies to remedy
the existing problems. Furthermore, Ken has the skill sets
needed to identify and implement an exit strategy that will
maximize the value of the estate. Accordingly, his engagement
responsibilities typically include significant participation
in plan negotiations. Ken also has extensive experience in
preparing orderly liquidation analyses that are needed in
order to determine that the POR meets the “Best Interest Test”.
Importantly, Ken is well versed with the accounting requirements
of the U.S. Bankruptcy Code and with related legal issues,
such as fraudulent conveyances and preferential transfers.
Ken
has experience in a variety of industries including retail,
telecommunications, transportation, textile and apparel, consumer
products and manufacturing. Recent retail engagements include
Filene’s Basement, Inc., The Sharper Image, Steve and Barry’s,
LLC and Gottschalks, Inc. Ken’s diverse experience includes
many large and complex bankruptcies in recent years, among
then Footstar, Inc., Global Crossing, Inc., Delta Airlines,
Inc., Salant Corporation, Atkins Nutritionals Inc. and Oakwood
Homes, Inc.
Ken
is a Certified Public Accountant in the State of New York.
He graduated from Adelphi University with
a Bachelor in Business Administration.
ksimon@lmco-ny.com |
