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Tim has extensive expertise in consulting and managing companies ranging from $50 million to $1 billion in sales. At BBK, he helps clients through crisis management, turnarounds, workouts, restructurings, acquisitions and divestitures. He has advised on numerous bankruptcy and distressed situations representing constituents on all sides, debtors, secured lenders and customers. Tim has served as Chief Financial Officer, Vice President of Operations, Corporate Controller and served on various Boards of Directors. He has a unique ability to recognize hidden value, maximize recoveries and affect change. Professional Experience Tim has been working with clients in the US, Canada and Europe for more than 18 years. He has negotiated with lenders, raised capital, and resolved governmental and legal disputes. Tim has developed and implemented strategic turnaround and restructuring plans, consulted on bankruptcies and led acquisitions and divestitures of businesses and divisions. At the behest of a major customer, Tim assumed day-to-day control of a $150 million aluminum foundry. Within 60 days he improved short-term cash flow and borrowing availability by over $5 million, reduced annual corporate expenses by $3.5 million, developed and implemented strategies that reduced costs on a $30 million capital expenditure project by $2 million, and recognized and revamped inefficient inventory systems resulting in savings of over $1 million. Overall, Tim initiated change in the corporate culture that positioned the company for long-term growth and return to profitability. As CFO, Tim led the turnaround of a company nearing insolvency. He negotiated 23% discount on bank debt, obtained alternate financing and negotiated two subsequent increases to lending limits. He established a new operating division resulting in a one-year revenue increase of 64% - 28% ahead of budget. Operating income rose 149%. Relying on his strong leadership and negotiating skills in a crisis environment, Tim was called on to run an automotive parts manufacturer during a bankruptcy and subsequent wind-down. Within eighteen hours of notification that the secured lender had refused to make any additional loan advances, he was able to negotiate an agreement between the bank, equity and the customers that restarted production. Holding antecedent debt to a minimum, he managed a labor work stoppage and found additional revenue sources to help defray costs. Under Tim?s leadership, the clients successfully resourced after a seven-month production run, during which time through-put was increased by over 200% while costs were kept under budget. Ultimately, the asset sale resulted in full recovery for the secured lender. Background Automotive Computer Software Construction Electronics Manufacturing Retail & Wholesale Education Bachelors Degree, Accounting, Western Illinois University Certified Public Accountant Affiliations and Memberships Turnaround Management Association | 