William Snyder, CTP, leads the Corporate
Restructuring Group of Deloitte Transactions and
Business Analytics LLP (Deloitte CRG). He has
executive and entrepreneurial experience spanning
more than 30 years. Snyder is an experienced
interim executive and advisor who has participated
in the restructurings of more than 70 companies.
Sugi Hadiwijaya, CFA, CIRA, CDBV, is a senior vice
president in the Corporate Restructuring Group of
Deloitte Transactions and Business Analytics LLP
(Deloitte CRG). He has provided financial advisory
and restructuring services for more than 10 years.
He is active in the turnaround community and TMA
NextGen at both the chapter and national levels.
WI: 262.789.1011 • IL: 847.805.9520 • IN: 317.805.4746 or visit us at: ridgestone.com
Ridgestone Bank has helped all kinds of customers open their doors. In fact, we’re one of the top 10
SBA lenders in the country and experienced in debt restructuring.
An SBA loan from Ridgestone Bank can help you:
be a potential stain on his resume.
In that case, the turnaround
professional assured the CFO
that as far he knew, the executive
had done his duty and fulfilled
his responsibilities appropriately.
The company’s distress was
caused by adverse movements
in commodity prices, which
were beyond the CFO’s control.
• Be sensitive when addressing
matters such as accrued vacation
or benefits, particularly during
a bankruptcy situation. While
accrued unpaid vacation or benefits
may translate to a priority claim
for a turnaround professional, they
may mean a lot more for the client’s
personnel. Moreover, payroll-related
discussions, such as bonuses,
must be addressed carefully.
6 Keep in Touch
Although repeat clients in a turnaround
situation are highly unusual, past
clients may become referral sources
for future opportunities. For younger
professionals, developing good
relationships with mid-level personnel
now may result in future payback when
those individuals move into CEO, CFO,
or other decision-making positions. J
continued from page 27