With more than 20 years in the restructuring business, Mr. Star has gained diverse industry experience, including airlines, automotive, consumer products, healthcare, metals, telecom and textiles. His responsibilities have included the review of business plans, the assessment of asset disposition programs, the evaluation and negotiation of restructuring proposals and the development of exit strategies, all focused on maximizing recoveries for unsecured creditors.
Chapter 11 and out-of-court restructuring cases that Mr. Star has been involved with include Adelphia Business Solutions, Agway, Amcast Industrial Corporation, American LaFrance, American Pad and Paper, Amp’d Mobile, Avianca Airlines, Cone Mills, Dana Corporation, Diamond Glass, Glass Group, GS Industries, Impath, KB Toys, Leiner Health Products, Lids, Lionel, New Century Financial, Northwest Airlines, Pharmaceutical Formulations, Sierra Health Services, The Education Resources Institute, Velocita and Wellman.
Mr. Star’s speaking engagements have included “The Pre-Packaged Bankruptcy: Understanding Its Role in Turning Around Companies in 2008” (Dow Jones Distressed Opportunities Summit), “Life of a Turnaround: Driving the Restructuring Process” (Turnaround & Restructuring Group-University of Chicago, GSB), “Bankruptcy Thought Leadership” (Federation of Credit and Financial Professionals), “Distress, Default and Liquidity in U.S. Credit Markets” (North American Retail Industry Credit Group), “Asset Based Lending and Credit Analysis” (5th Annual Global Credit Symposium), “The Importance of Valuation Analysis for Troubled Credits” (Credit Research Foundation), “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005” (Credit Research Foundation), “State of Retail: Valuation Issues” (3rd Annual Global Credit Symposium), “Critical Vendor Status” (IOMA/Credit Research Foundation), “Unlocking Hidden Real Estate Value” (North American Retail Industry Credit Group), “Maximizing Value in Distressed Sales: A Case Study” (Turnaround Management Association - New Jersey chapter), “Bankruptcy Reform Act: What Every Credit Manager Needs to Know” (IOMA/Credit Research Foundation), “Live or Let Die” (National Housewares/Consumer Products Credit Group), ”Managing Credit in the Troubled Company Environment” (National Apparel Manufacturers Credit Group), “Liquidation Analyses” (New York Credit and Financial Management Association), “Reclamation Claims in Bankruptcy” (Dun & Bradstreet Credit Groups), “Preference Actions” (Dun & Bradstreet Credit Groups), “Early Warning Signs for Retail Businesses” (Toy Manufacturers of America), “DIP Financing” (2nd Annual Distressed Debt Summit), “Advanced Financial Statement Analysis” (Central Region Credit Conference, NACM), and “Retail Industry Update” (2nd Annual Global Credit Symposium).
Mr. Star holds a B.S. in accounting from the State University of New York at Albany. He is a certified public accountant and is a member of the American Bankruptcy Institute, American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. |