- Managing Director
- T: +1 212 499 3683
- F: +1 212 841 9350
- Three Times Square
- 9th Floor
- New York, NY, 10036
- United States
- T: +1 212 247 1010
- F: +1 212 841 9350
- B.S. in Accounting, Fairfield University
- Certified Insolvency and Restructuring Advisor (CIRA)
- Certified Turnaround Professional (CTP)
- American Institute of Certified Public Accountants (AICPA)
- Association of Insolvency & Restructuring Advisors (AIRA)
- Turnaround Management Association
- Corporate Finance
Michael Cordasco is a Managing Director in the FTI Consulting Corporate Finance/Restructuring practice and is based in New York. Mr. Cordasco has more than twelve years of experience providing restructuring advisory services to companies, lenders and other creditors in both formal Chapter 11 proceedings and out-of-court workout situations. His clients have included public and private companies in a number of industries, including financial services; automotive; media; telecom; consumer products and distribution.
Mr. Cordasco has significant experience with reorganization and bankruptcy related matters. His responsibilities have included the preparation and review of business plans, financial projections, cash flow forecasts and liquidation analyses; the evaluation and negotiation of 363 sale processes; the development of exit strategies; 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 include Allied Office Products; American Safety Razor; Blitz USA; Cooper Standard Automotive; Corus Bancshares; Employee Solutions; Enron; General Motors, Harry & David; Home Interiors and Gifts; Journal Register Company; Mark IV Industries; Metro Fuel Oil; PageNet do Brasil; Refco; Regus; Rock & Republic; SeaSpecialties; Spansion; United Companies Financial; US Airways Group; Vanguard Car Rental US; 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 and a certified turnaround professional. He holds a certification of distressed business valuation. Mr. Cordasco previously held NASD registered licenses 7 and 63 from January 2002 to January 2005 with Ernst & Young Corporate Finance. He is a member of the American Institute of Certified Public Accountants, the Association of Insolvency & Restructuring Advisors, and the Turnaround Management Association.