Kenneth A. Simon, Managing Director

For the past 25 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 engagements include 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