MICHAEL DUFRAYNE

Mike's strengths include crisis management, workouts and restructuring, and assisting organizations to prepare for and proceed through the bankruptcy process.

Mike has a degree in Accounting and Economics and has participated in graduate studies at the University of Pennsylvania. Mike brings a unique hands-on perspective to crisis management and the bankruptcy process with over 10 years of financial and operational experience, including assignments as President, COO and CFO, and 15 years of business reorganization consulting experience. His assignments have included in- and out-of-court proceedings with public and privately held companies, workouts and reorganization, creditor committees, wind-downs, liquidations, and plan administration and implementation.

Some of the many assignments that Mike has worked on include:

$100+ million international manufacturer of high tech electronic equipment: Crisis management and bankruptcy coordination. Assisted the management team prepare for a Chapter 11 filing. Prepared cash collateral budgets on a weekly basis, prepared court related reports, acted as treasury management liaison with investment bankers and prospective acquirer and coordinated other financial professional service providers' activities. Subsequent to the sale of the company's assets, oversaw the corporate wind-down and, at the request of the acquirer, continued to provide budgeting and treasury management services to the new company.

$20+ million manufacturer of critical flight safety parts: President and COO. Managed reorganization efforts in sales, operations, quality, finance and systems in order to return the company to profitability. Engineered a strategic market shift, implemented production scheduling and control systems, and managed the company through a major cash flow crisis.

$60+ million manufacturer of fine and specialty chemicals: Crisis management and bankruptcy coordination. Prepared an extensive viability analysis of the company's operations and cash-flow requirements, and presented findings separately to the company's Board and bank group. Coordinated the company's bankruptcy efforts, including preparation of the cash collateral budgets and financing negotiations. Designed and negotiated the key employees’ retention program, prepared the Debtor's statement of financial affairs and schedules, oversaw the fulfillment of reporting requirements, and coordinated other financial service providers’ activities.

His broad industry and consulting experience includes: