New Jersey Turnaround Management Association Welcomes New ...

New Jersey Turnaround Management Association Welcomes New ...


Lisa Rubano-Volansky

Phone: 724.979.4293


New Jersey Turnaround Management Association Welcomes New President and Directors

Raritan, NJ, January 26, 2012 – At their recent Annual Meeting held in Newark, NJ at The Martini 494

Bistro, the New Jersey Chapter of the Turnaround Management Association (“NJTMA”) welcomed a new

president and elected a slate of officers for 2012.

Outgoing president Nicholas Jalowski, CTP, Cambridge Financial Services, will remain on the Executive

Committee as Chairman of the Board. Outgoing chairman Paul D. Schuldiner will remain on the board of

directors. Both will assist the new president as needed. At the Annual Meeting, Jalowski formally handed off

the reins to Paul Rome of University Management Associates & Consultants Corp.

“The past few years have been very exciting for me as we grew into the 10th largest chapter in the country, so it

is with mixed feelings I am turning over the presidency of our Chapter to the most capable and indefatigable

Paul Rome. There can be no doubt that he will ably guide us over the next two years in the TMA universe,”

Jalowski said.

Paul Rome is the CEO of University Management Associates & Consultants Corp, an accounts receivable

management company. An expert in liquidation of accounts receivable, he works on Chapter 11, Chapter 7,

Receivership and Assignment for the Benefit of Creditors engagements. He is a recognized expert on accounts

receivable fraud as well as on the evaluation of accounts receivable in business as usual or wind down scenarios

for companies across a wide breadth of industries.

Rome thanked Jalowski for his tireless service and said he’s ready to hit the ground running. “I’m energized to

be taking on the NJTMA leadership at a time when there are already so many exciting initiatives under way.

From the Next Generation program for young professionals to the recently formed Women’s Division, to a full

program of educational and networking events, 2012 is going to be a very interesting year.”

The 2012 slate of officers is comprised of:

Chairman: Nicholas Jalowski, CTP, Cambridge Financial Services

President: Paul Rome, University Management Associates

Treasurer: Allen Wilen, EisnerAmper LLP

Board Secretary: Betty Mantz, Mantz Support Services

VP Educational Programs: Paul Shur, Esq., Blank Rome LLP

VP Membership: Dennis Bobker, CTP, Phoenix

VP Outreach: Charles Snyder, Upland Business Capital

VP Networking: Anthony Ventura, MBG Finance Ltd.

VP Sponsorships: Harvey Topitz, Rivers Insurance Group

In addition, three new members were elected to the Board of Directors:

Steven Agran, Managing Director, MorrisAnderson – Mr. Agran has spent over a decade providing turnaround

and interim management services. He has successfully assumed positions as Chief Restructuring Officer, Chief

Executive Officer, Chief Operating Officer and Chief Financial Officer. He has vast experience handling

liquidation and asset sales, budgeting and cash flow for distressed and failing companies, and bankruptcies.

Steve is a Certified Public Accountant and a Certified Insolvency and Restructuring Advisor.

Sharon L. Levine, Esq., member in the Lowenstein Sandler Bankruptcy, Financial Reorganization & Creditors'

Rights Group – Ms. Levine has been involved in some of the nation's largest bankruptcy cases. Her practice

focuses exclusively on bankruptcy, restructuring, debtor-creditor law and bankruptcy litigation. Ms. Levine is

featured in the 2008-2011 editions of Chambers USA: America's Leading Lawyers for Business, in the 2012

edition of The Best Lawyers in America, and in the 2005-2011 issues of Super Lawyers in the Bankruptcy and

Workout section of the publication. Ms. Levine is a frequent lecturer on various bankruptcy topics, including

issues of protection of creditors' rights in bankruptcy, automotive and chemical restructuring, discharge and

fraud, media bankruptcy issues, bankruptcy lease issues, telecommunication bankruptcy issues, airline

restructurings, preference issues, protection of creditors' rights in bankruptcy, and pre-bankruptcy planning.

Harvey Topitz, Principal and Founder, Rivers Insurance Group – Mr. Topitz has more than 30 years experience

in the insurance industry. He specializes in placing property casualty insurance for all industries, including

wholesale, retail, manufacturing, hospitality, employee leasing, entertainment and contracting. He also

specializes in providing insurance for businesses in distressed and bankruptcy situations. Mr. Topiz began his

insurance career at Liberty Mutual, where he was awarded Top Producers designation and was a member of the

prestigious Millionaires Club. At BRI he introduced innovating services such as an asbestos abatement

program. While with Tanenbaum Harber, now Alliant/T&H Brokers, he excelled in the hard-to-insure

employee leasing industry (PEO) and the entertainment sector. He founded Rivers Insurance Group in 2005.

About the Turnaround Management Association’s New Jersey Chapter

The Turnaround Management Association (TMA) is the only international non-profit association dedicated to

corporate renewal and turnaround management. With international headquarters in Chicago, TMA has more

than 9,000 members including turnaround practitioners, attorneys, accountants, investors, lenders, venture

capitalists, appraisers, liquidators, executive recruiters and consultants.

The New Jersey Chapter of the TMA is a non-profit association founded in 1992 and is dedicated to promoting

the practice of corporate renewal and turnaround management within the business and financial communities of

New Jersey. Today, the Chapter has over 200 members across the state and is led by a volunteer board of

directors. The Chapter holds monthly networking events and educational meetings focused on topics related to

the turnaround management profession and leading issues affecting companies which are experiencing financial

or operational challenges. Members are able to share their knowledge and experiences through TMA’s

publications, conferences, webinars and peer meetings.

If you would like more information regarding membership or upcoming events for the New Jersey Chapter of

the Turnaround Management Association, visit

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