FOR IMMEDIATE RELEASE
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,”
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 www.newjersey.turnaround.org.