- Senior 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., 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 Senior Managing Director at FTI Consulting and is based in New York. He is a member of the Turnaround & Restructuring Services practice within the Corporate Finance & Restructuring segment.
Mr. Cordasco has more than 16 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 energy, financial services, automotive, media, telecommunications and consumer products.
Mr. Cordasco 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. Recently, Mr. Cordasco was ranked #3 by the Deal in its listing of Top Crisis Management professionals.
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, Employee Solutions, Energy XXI, Enron, General Motors, Harry & David, Home Interiors and Gifts, Journal Register Company, Mark IV Industries, Metro Fuel Oil, Refco, Regus, Rock & Republic, SeaSpecialties, Spansion, Swift Energy, United Companies Financial, US Airways Group, , 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 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.