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TMA 2001 Annual Conference

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					                                                                               TMA 2009 Spring Conference, Update 3.8.09

Register Now! Click here to link to TMA’s online registration system or print a registration form.

Invitation to Attend                                          Hotel Reservations
Agenda                                                        Conference Sponsors
Keynote Sessions                                              Attire
Educational Sessions                                          Continuing Education Credit
Advanced Educational Session                                  Ground Transportation
CTP Certification Courses/Exams                               Questions
Registration Fees/Policies                                    Destination Chicago
Cancellation/Substitution Policies

INVITATION FROM THE CO-CHAIRS
We are pleased to invite you to attend TMA’s 2009 Spring Conference. One of the first things you may have
noticed when you received your brochure is that we are gathering in Chicago this year. This is a departure from
what has been a resort-based conference. With an eye on current economic conditions and the important role
that our industry plays in restoring and creating value during these difficult times, TMA felt it was important to
hold this year’s conference in an easily accessible, metropolitan area to allow you to participate while
maintaining your business commitments. Chicago fits the bill, and the late-April timeframe allows you to enjoy
spring in the Windy City, when the lakefront is coming to life, the tulips are blooming and the streets are buzzing
with activity.

Our conference theme, “Singin’ the Blues,” not only alludes to Chicago’s rich musical legacy but also speaks to
concerns about the turbulence of the financial markets and the impact on the global economy and livelihoods of
our friends, families and colleagues. We created an educational program to help you manage and hopefully beat
these “blues.” On Wednesday, expert panels will address the forces driving our new economic reality – faltering
municipalities and financial institutions; a further declining real estate market; the liquidating of unusual assets;
securing financing; and finding alternatives to traditional Chapter 11 proceedings. On Thursday, we offer two
sessions that provide tools and resources for growing and promoting your business.

We are also pleased to present you with three outstanding keynote speakers. Steven Levitt, who co-authored
the best-selling FREAKONOMICS, will open the conference on Wednesday morning with his unique, out-of-the-
box perspective. During lunch, economist Paul Kasriel of Northern Trust, will offer his insight on our troubled
economic times. During dinner that evening, we will be entertained by legendary Chicago Bears lineman Dan
“Danimal” Hampton.

We are most grateful to the Spring Conference Committee, listed on the conference website homepage, who
gave tirelessly to the development of our outstanding educational program. And, the conference would not be
possible without the generous support of our sponsors, listed further in this brochure.

Don’t miss this opportunity for networking, deal making and unparalleled education. Please plan now to attend
the 2009 Spring Conference. We look forward to seeing you in Chicago.

Best regards,

Noel Boeke, Holland & Knight LLP
Brad Coulter, CTP, O’Keefe & Associates Consulting LLC
Carl Lane, AlixPartners, LLP
2009 Conference Co-chairs
                                                                    TMA 2009 Spring Conference, Update 3.8.09

AGENDA
Saturday, April 25
9:00 a.m. – 4:00 p.m.     CTP Accounting & Finance Course*
4:30 p.m. – 7:00 p.m.     CTP Accounting & Finance Exam*
Sunday, April 26
8:00 a.m. – 3:00 p.m.     CTP Management Course*
3:30 p.m. – 7:00 p.m.     CTP Management Exam*
Monday, April 27
9:00 a.m. – 4:00 p.m.     CTP Law Course*
4:30 p.m. – 7:00 p.m.     CTP Law Exam*

Tuesday, April 28
9:00 a.m. – 11:00 a.m.    Certification Oversight Committee (COC) Meeting
11:00 a.m. – 1:00 p.m.    TMA Board/Executive Committee Meeting
1:00 p.m. – 2:00 p.m.     TMA Board/COC Lunch
2:00 p.m. – 4:00 p.m.     Chapter Presidents Meeting
4:00 p.m. – 7:15 p.m.     Registration Desk Open
5:00 p.m. – 6:00 p.m.     Women’s Professional Networking Reception
                          Co-sponsored by Deloitte Financial Advisory Services LLP and Fennemore
                          Craig, P.C.
6:00 p.m. – 7:15 p.m.     Opening Reception
                          Sponsored in part by Hunt Special Situations Group, L.P.
Wednesday, April 29
7:00 a.m. – 7:30 p.m.     Registration Desk Open
7:30 a.m. – 9:00 a.m.     Advanced Educational Session: “Can the Domestic Auto Industry Be Turned
                          Around? Managing the Complexities of Legacy Costs, Government-Assisted
                          Financing Programs and Fragile Supplier Networks” (continental breakfast
                          included)*
9:00 a.m. – 9:45 a.m.     Continental Breakfast
                          Co-sponsored in part by Freeborn & Peters LLP
10:00 a.m. – 11:00 a.m.   Opening Keynote Speaker – Steven D. Levitt, Author, FREAKONOMICS
                          Sponsored in part by Aurora Management Partners and BMO Capital Markets
11:00 a.m. – 11:30 a.m.   Coffee Break
                          Co-sponsored by Atlas Partners, LLC and The Meridian Group
11:30 a.m. – 12:45 p.m.   Concurrent Session A
                               A1: “Good Enough for Government Work? Trends in Restructuring
                                  Municipalities”
                               A2: “Houses of Paper: Financial Institution Restructurings”
12:45 p.m. – 1:30 p.m.    Lunch Service
1:45 p.m. – 2:45 p.m.     Keynote Speaker - Paul L. Kasriel, Senior Vice President and Director of
                          Economic Research, The Northern Trust Company
                          Lunch and keynote speaker co-sponsored in part by The MWW Group
3:00 p.m. – 4:15 p.m.     Concurrent Session B
                               B1: “Turnaround or Turn Around and Run! Real Problems with Real
                                  Estate”
                               B2: “Secrets of the Trade: Insider’s Guide to Maximum Cash for
                                  Unusual Assets”
4:15 p.m. – 4:45 p.m.     Coffee Break
                          Co-sponsored by Insight Equity and Tucker Aresnberg, P.C.
                                                                                           TMA 2009 Spring Conference, Update 3.8.09

Wednesday, April 29 Cont’d
4:45 p.m. - 6:00 p.m.                 Concurrent Session C
                                           C1: “Don’t Call Us, We’ll Call You: Financing in Today’s Marketplace”
                                           C2: "Strategic Alternatives for Distressed Businesses"
6:15 p.m. – 7:15 p.m.                 Cocktail Reception
                                      Co-sponsored by O’Keefe & Associates Consulting LLC; Resilience Capital
                                      Partners; and Winston & Strawn LLP
7:15 p.m. – 9:45 p.m.                 Dinner, TMA Awards Presentation and Dan Hampton, Legendary Chicago Bear
                                      Defensive Lineman
                                      Sponsored in part by Conway MacKenzie, Inc.

Thursday, April 30
8:00 a.m. – 12:00 p.m.                Registration Desk Open
8:00 a.m. – 8:45 a.m.                 Continental Breakfast
                                      Sponsored in part by McDonald Hopkins LLC
9:00 a.m. – 10:30 p.m.                “How Rainmakers Make it Pour”
10:30 a.m. – 11:00 a.m.               Coffee Break
                                      Sponsored by MorrisAnderson
11:00 a.m. – 12:30 p.m.               “A Clear Voice in a Crowded Room: Communicating and Differentiating Your
                                      Value to Win Engagement”
* Additional Fee Required
Please note that private company events may not conflict with any scheduled activity of the TMA 2009 Spring Conference.

KEYNOTE SPEAKERS
Wednesday, April 29, 2009, 10:00 a.m. – 11:00 a.m.
Steven D. Levitt
Author, FREAKONOMICS
Steven D. Levitt is the best-selling author of FREAKONOMICS, which spent more than two years on The New York
Times best-seller list and sold more than three million copies worldwide. When mild-mannered Levitt published
a paper linking a rise in abortion to a drop in crime, it set off a firestorm of controversy and had both the
conservatives and liberals up in arms. But Levitt has no political agenda and is the last person to be called a
moralist. He is a brilliant but uncomplicated man who uses simple questions to reach startling conclusions. The
Wall Street Journal has said “If Indiana Jones were an economist, he'd be Steven Levitt.” A full professor in the
University of Chicago's economics department (he received tenure after only two years) and recipient of the
American Economic Association’s prestigious John Bates Clark Medal (given to the country's best economist
under 40), what interests Levitt most is cheating, corruption and crime. Levitt and Stephen Dubner, his
FREAKONOMICS co-author, have appeared widely on television and maintain the popular FREAKONOMICS blog,
which can be found on The New York Times website. Levitt and Dubner are currently working on another book,
tentatively titled SUPERFREAKONOMICS. Through forceful storytelling and wry insight, Levitt shows how
economics is, at root, the study of incentives – that is, how people get what they want, or need, especially when
other people want or need the same thing. FREAKONOMICS shows that the modern world, despite a great deal
of complexity and downright deceit, is not impenetrable, is not unknowable, and—if the right questions are
asked—is even more intriguing than we think. All it takes is a new way of looking.
Wednesday, April 29, 2009, 1:45 p.m. – 2:45 p.m. (time reflects entire lunch session)
Paul L. Kasriel
Senior Vice President and Director of Economic Research
The Northern Trust Company
Paul Kasriel joined the economic research unit of The Northern Trust Company in 1986, as vice president and
economist. In 2000, he was named to his current position of senior vice president and director of economic
research. Kasriel’s economic and interest rate forecasts are used both internally and by clients. The accuracy of
his department’s forecasts has consistently been highly-ranked in the Blue Chip survey of approximately 50
                                                                              TMA 2009 Spring Conference, Update 3.8.09

forecasters. He received the 2006 Lawrence R. Klein Award for having the most accurate economic forecast
among the Blue Chip survey participants from 2002 through 2005. A January, 2009, Wall Street Journal piece
featured Kasriel as one of “The Doomsayers Who Got It Right,” having identified early on the formation of the
housing bubble and foreseeing the economic and financial market havoc that would ensue after the bubble
inevitably burst. The Wall Street Journal has also listed Northern Trust’s economic website as one of the top ten
most interesting. Kasriel is co-author the book Seven Indicators that Move Markets. He began his career as a
research economist at the Federal Reserve Bank of Chicago.
Wednesday, April 29, 2009, 7:30 p.m. – 9:45 p.m. (time reflects entire dinner session)
Dan Hampton
Legendary Chicago Bears Defensive Lineman
Dan Hampton was a first-round draft pick of the Chicago Bears in 1979 following an All-American season at the
University of Arkansas. An outstanding and versatile defensive lineman, Hampton went on to play 12 seasons
with the Bears. Six times he earned first- or second-team All-Pro honors as either a defensive tackle or defensive
end. Nicknamed “Danimal” for his ferocious style of play, Hampton persevered through 10 knee surgeries and
numerous other injuries as he became recognized as one of the game’s most dedicated players. Hampton was
an impact player even as a rookie. In his first season, he was credited with 70 tackles, 48 of which were solo
efforts, as well as two fumble recoveries, three passes defensed and two sacks. In 1980, he led the team in sacks
with 11.5 and his 73 tackles were the most by a Bears lineman. His play earned him the first of his four Pro Bowl
invitations. It’s for the 1985 season, however, that Dan and the Bears’ defense is best remembered. That year,
the Chicago defense allowed just 198 points and shut out both opponents in the NFC playoffs. The Bears went
on to destroy the New England Patriots 46-10 in Super Bowl XX, allowing just 123 total yards and sacking Patriot
quarterbacks seven times. For his part, Hampton spent the first half of the 1985 season playing right tackle
before moving over to the left defensive end spot for the remainder of the season. While 1985 was a high point
in his career, Hampton continued to play at a high level until retiring in 1990, becoming just the second Bear to
play in three different decades.
EDUCATIONAL SESSIONS
CONCURRENT SESSION A
Wednesday, April 29, 2009, 11:30 a.m. – 12:45 p.m.
A1: “Good Enough for Government Work? Trends in Restructuring Municipalities”
Moderator: Charles M. Moore, CTP, Conway MacKenzie, Inc.
Panel: Patrick Darby, Bradley Arant Rose & White LLP; Douglas P. DeAngelis, Fifth Third Securities, Inc.; Sara L.
Kistler, Office of the U.S. Trustee; Marc A. Levinson, Orrick, Herrington & Sutcliffe LLP
As pension and healthcare costs soar and property tax rolls decline, more and more municipalities are facing
looming deficits and credit agency downgrades. This panel will explore the burgeoning world of municipality
restructuring, including elements unique to municipalities, key differences between Chapter 9 and Chapter 11
and case studies of recent restructurings that are occurring in and out of court.
A2: “Houses of Paper: Financial Institution Restructurings”
Moderator: Holly Felder Etlin, CTP, AlixPartners, LLP
Panel: John Dubel, Dubel & Associates; Marcia L. Goldstein, Weil Gotshal & Manges LLP; David S. Kurtz, Lazard
Freres & Co. LLC
Join a panel of experts as they discuss financial institution restructurings. The discussion will cover:
     Crisis of confidence – is liquidation the only alternative?
        o how can you preserve value in an environment based primarily upon counter-party agreements?
        o what portions of operations can be isolated and sold as going concerns?
        o crafting global resolution strategies for complex contingent claims
     Dealing with regulators – governance, capital requirements and reserves
        o planning liquidity for the next downgrade, or how low can you go?
        o managing multi-party investigations while trying to run a business
                                                                              TMA 2009 Spring Conference, Update 3.8.09

       Maintaining credit quality and access to bail-out funds
        o how do you quickly assess portfolio assets?
       Strategies to retain human capital
       Multi-national institutions
        o Is the cross border protocol enough?
        o Avoiding insolvency proceedings in multiple jurisdictions
CONCURRENT SESSION B
Wednesday, April 29, 2009, 3:00 p.m. – 4:15 p.m.
B1: “Turnaround or Turn Around and Run! Real Problems with Real Estate”
Moderator: Navin N. Nagrani, Hilco Real Estate LLC
Panel: Vincent Belcastro, CIT Commercial & Industrial Group; Ronald Glass, GlassRatner Advisory & Capital
Group LLC; Joel A. Holsinger, Fortress Investment Group; George N. Panagakis, Skadden, Arps, Slate, Meagher &
Flom LLP
Join a panel of restructuring and real estate experts as they discuss some of the real issues with real estate. The
discussion will cover:
     The real estate restructuring wave -- residential to retail to.... what's next?
     restructuring/workout/liquidation Issues with real estate leases -
     Declining real estate values impacting term loans?
     Is the debt buyer the new norm for today's real estate investor?
     The workout lender's dilemma- wait for sunshine or cut losses & liquidate?
     Real estate and restaurants - are sale-leaseback's still a valid strategy for M&A?
B2: “Secrets of the Trade: Insider’s Guide to Maximum Cash for Unusual Assets”
Moderator: Baker A. Smith, CTP, BDO Consulting Corporate Advisors LLC
Panel: David A. Birdsell; Patrick Blount, Benewolf LLC; Thomas E. Pabst, Great American Group
When selling a distressed company, what do you do when your cash proceeds come up short from receivables,
inventory, and real estate? Will you get top price for weird stuff or will the junk dealer make the profit? How
can you recognize a “diamond in the rough”? How do you find somebody willing to buy unusual or intangible
assets? This panel features top experts who will share insider secrets to maximizing recovery where you least
expect it.
CONCURRENT SESSION C
Wednesday, April 29, 2009, 4:45 p.m. – 6:00 p.m.
C1: “Don’t Call Us, We’ll Call You: Financing in Today’s Marketplace”
Moderator: Thomas C. Carlson, Jefferies & Company, Inc.
Panel: Brent P. Hazzard, GE Commercial Finance; David S. Heller, Latham & Watkins LLP; Jonathan Katz, Panagos
Katz Situational Finance; John Mostofi, Bank of America
     What financing is available in today's markets?
     Are there any "cash flow" loans available?
     Is there a "Second Lien" or "Mezzanine" market?
     Are asset revaluations impacting advance rates?
     Are there any "hot" sectors?
     Is the DIP market open?
     Is acquisition financing available?

C2: “Strategic Alternatives for Distressed Businesses”
Moderator: Jonathan Friedland, Levenfeld Pearlstein LLC
Panel: Patrick M. Goy, Lincoln International LLC; Kenneth R. Yager, MorrisAnderson; Thomas J. Salerno, Squire
Sanders
                                                                                TMA 2009 Spring Conference, Update 3.8.09

Bankruptcy is the best known but not always the optimal option for a troubled company and its constituents.
Other options include composition agreements, ABCs, friendly foreclosures and orderly wind-downs followed by
state law dissolution. The panel will discuss, using short, plain-English hypotheticals, how to decide what option
is best in various situations. The panel will highlight how the “best” option will often depend on who you
represent and how small changes in the facts can impact strategy significantly.
Thursday, April 30, 2009, 9:00 a.m. – 10:30 a.m.
“How Rainmakers Make it Pour”
Moderator: Suzanne Koenig, SAK Management Services LLC
Panel: Theodore L. Koenig, Monroe Capital LLC; Carmen Lonstein, Baker & McKenzie LLP; Deirdre A. Martini,
Wachovia Capital Finance; Keith J. Shapiro, Greenberg Traurig LLP; J. Scott Victor, National City Capital Markets
Special Situations Group
At last, the answers to business development and deal flow! All the questions you’ve been wanting to ask but
didn't know to who or where to go for the answers. This session will help. Learn from the pros on how to more
effectively market your services, differentiate your firm and build your business. Assembled on the panel are top
business builders in insolvency/ bankruptcy, commercial and asset based lending, and financial advisory services
to share with you their strategies and tactics for building and growing their businesses. In this period of
slowness in the turnaround and workout business, it is more important than ever to market effectively and to
land more competitive engagements.
Thursday, April 30, 2009, 11:00 a.m. – 12:30 p.m.
“A Clear Voice in a Crowded Room: Communicating and Differentiating Your Value to Win Engagements”
Nicholas T. Miller, Clarity Advantage Corporation
“Why should we work with you and your firm?” A prospect’s question, easy to answer in this economy, yes? Or,
maybe not. After the third interview, consultants’ answers about “experience” blend into babble; clients make
corporate life and death decisions on the basis of price, PowerPoint slides and tie colors. How can we speak
with clear voices in those crowded rooms? How can we more clearly distinguish ourselves and our firms from
others on the issues that matter? Highlights of the discussion will include:
     Critical discovery questions that frame answers to “why you” questions
     The three critical elements of personal positioning
     A dynamic five point framework for positioning and differentiating our firms from competitors
     Specific “before” and “after” examples that demonstrate impact

Advanced Educational Session
Wednesday, April 29, 2009, 7:30 a.m. – 9:00 a.m.
“Can the Domestic Auto Industry Be Turned Around? Managing the Complexities of Legacy Costs,
Government-Assisted Financing Programs and Fragile Supplier Networks”
$95/person (conference registration is required to attend this session)
Moderator: Brad Coulter, CTP, O’Keefe & Associates Consulting LLC
Panel (to date): Daniel F. Dooley, CTP, MorrisAnderson
This session will provide participants with an opportunity to evaluate and debate an in-depth, detailed analysis
of the ongoing restructuring efforts at the domestic auto makers, with an emphasis on General Motors. The
session will be divided into four parts. First, a detailed discussion of the past ten years of financial and operating
performance will be provided. Key considerations here include the role of unions in GM’s cost structure, the
impact of significant and substantial legacy costs and the increased reliance on profits from financial services at
GMAC rather than automobile manufacturing at GM. Second, a detailed and technical discussion and analysis of
the proposed restructuring plan will be provided, with separate emphasis on the operational restructuring
aspects and the role of government-provided funding for the plan. Third, an evaluation of the impact of the
large scale workouts in the U.S. automobile manufacturing industry on suppliers will be provided. To what
extent, if any, should the restructuring efforts at GM be modified based upon its likely impact on a wide range of
suppliers? Finally, based upon all of the historical, restructuring and supply chain information provided in the
                                                                               TMA 2009 Spring Conference, Update 3.8.09

session, participants will complete the session by discussing and debating the question of whether the Big 3 in
Detroit should be allowed to fail.
CTP CERTIFICATION PROGRAM
The Certified Turnaround Professional (CTP) designation was launched in 1993 to monitor and maintain a
program of certification for professionals engaged in the turnaround, crisis management, restructuring and
renewal of troubled businesses, organizations and associations. The CTP program encourages, measures and
recognizes professional excellence and expertise related to workouts, restructurings and corporate renewal.
Certification is available to all qualified professionals. For more details about the certification program, courses
and exams, please click here or contact the Certification Department at certification@turnaround.org.
All courses and exams listed below will be held at the InterContinental Chicago. Spring Conference registration is
not required to register for the courses or exams.
Body of Knowledge (BOK) Courses
$275/course
       Saturday, April 25, 2009
        Accounting & Finance, 9:00 a.m. – 4:00 p.m.
       Sunday, April 26
        Management, 8:00 a.m. – 3:00 p.m.
       Monday, April 27
        Law, 9:00 a.m. – 4:00 p.m.
Taught by a business school professor, practicing attorney and United States Bankruptcy Judge, the BOK courses
are open to all corporate renewal professionals seeking a comprehensive understanding or refresher on
turnaround management, as well as for those individuals pursuing the CTP designation.

CTP Certification Examination
$375/section
       Saturday, April 25, 2009, 4:30 p.m. – 7:00 p.m.
        Accounting & Finance
       Sunday, April 26, 2009, 3:30 p.m. – 7:00 p.m.
        Management
       Monday, April 27, 2009, 4:30 p.m. – 7:00 p.m.
        Law
The CTP exam is based upon a comprehensive body of knowledge covering the areas of accounting & finance,
management and law. The times listed above indicate maximum time allowed for each exam section. For
information about exam registration, please send an email to certification@turnaround.org.

Registration Policies
Course Registration
Course registration fees include a full day of instruction and breakfast, lunch, and snacks. The registration fee
allows admission for one individual only. Registration forms must be mailed or faxed to TMA. Please see the
registration form for more information. You may also register online at www.turnaround.org. Phone registration
is not accepted. Registrations are not considered complete until payment is received.
Substitutions are permitted at any time for the courses. Substitutions are not allowed for the exam. Notification
of substitution must be submitted in writing (e-mail is acceptable). Substitutions will not be reviewed or
processed until they are received in writing. Phone substitution is not accepted. The substitute must be from the
same firm as the original registrant, and the substitution notice should include accurate contact information for
the substitute registrant.
                                                                               TMA 2009 Spring Conference, Update 3.8.09

Registered attendees will receive confirmation of their registration by email. For those individuals who register
online, this is an additional notice to that which you automatically receive when the online registration is
processed. This notice contains important course details. Please carefully review the notice for accuracy and
retain a copy for your records.
The deadline for registration is five business days prior to the course. Registration forms, with payment, must
be received at TMA’s International Headquarters by 5:00 p.m. central time on that day. Registrations received
by TMA after the deadline, up until 5:00 p.m. central time the day before the course, will be processed as a late
registration and will be subject to a $50 late registration fee per course. TMA does not accept on-site
registration for the BOK courses.
Course participants should have read and reviewed the Body of Knowledge course books prior to attending the
course. The books can be previewed and purchased online. Late registrants should purchase the Body of
Knowledge course books as soon as possible; expedited shipping is available. If registration occurs too late to
allow for receipt of materials prior to the course, TMA will ship the books to the course site where the
participant can pick them up on site. The expedited shipping charge will still apply.
Examination Registration
Examination registration must be received at least five business days before the scheduled exam; TMA does not
accept on-site exam registration. The examination fee allows admission for the designated individual only;
substitutions are not allowed. Registration forms must be mailed or faxed to TMA. At this time online exam
registration is unavailable. Phone registration is not accepted. Registrations are not considered complete until
payment is received.
Registered test-takers will receive confirmation of their registration by email. This notice contains important
examination details. Please carefully review the notice for accuracy and retain a copy for your records.
The deadline for exam registration is five business days prior to the examination. TMA will not accept
registrations after that point.
Cancellation Policies
Course Cancellation
Notification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be
reviewed or processed until they are received in writing. Phone cancellation is not accepted. Individuals who
cancel a course six or more business days prior to its scheduled date will be entitled to a full refund, less a $60
processing fee per course. Refunds will be issued no later than six weeks following the course. TMA does not
issue credits for future courses or other offerings. Cancellations received five business days or fewer prior to the
scheduled course will not be refunded.
TMA reserves the right to cancel an individual course at any time. If a course is cancelled, all course registration
fees will be refunded. TMA will notify those already registered if this is the case.
Course books are nonrefundable.

Examination Cancellation
Notification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be
reviewed or processed until they are received in writing. Phone cancellation is not accepted. Individuals who
cancel an examination six or more business days prior to its scheduled date will be entitled to a full refund, less a
$40 processing fee per examination. Refunds will be issued no later than six weeks following the exam.
TMA does not issue credits for future examinations or other offerings. Cancellations received five business days
or fewer prior to the scheduled examination will not be refunded.
TMA reserves the right to cancel an exam due to low registration. TMA will notify those already registered if this
is the case. If an exam is cancelled, all fees will be refunded.
                                                                            TMA 2009 Spring Conference, Update 3.8.09

REGISTRATION FEES/POLICIES
Unless otherwise indicated, registration fees include educational sessions, meals and social functions.
Conference events are not prorated. To attend any portion of the conference, you must register for the entire
conference at the appropriate registration fee as indicated below and on the registration form. The
registration fee allows admission for one individual only. Registrations may not be shared. Each registered
attendee will receive a name badge at the conference that must be worn for admittance into all educational
sessions, meals and social functions.

                    Category                  Before March 20, 2009      After March 20, 2009
       TMA Member                            $625                       $695
       Nonmember                             $800                       $865
       Full-time Academic/Government         $375                       $400
       Employee
       Spouse/Guest                          $325                       $325
       Advanced Educational Session          $95                        $95

Registration Categories
    The member registration fee is for current, active TMA members only. Please note that TMA
        membership is on an individual basis. Unless otherwise appropriate as defined below, all other
        attendees will be charged the nonmember fee. If it comes to be that an individual registers at the
        member rate, but TMA has no membership record, the individual will be charged the nonmember fee
        unless s/he can produce proof of membership.
    For the full-time academic/government employee fee, a full-time academic is defined as a student
        enrolled in at least 12 credit hours per term at an accredited university or an instructor employed on a
        full-time basis by an accredited university. If you register at this rate, please submit appropriate
        documentation with your registration form.
    Spouse/guest registration fees are for family members, friends and/or non-industry related individuals.
        Neither TMA members nor individuals who practice in the corporate renewal industry but are not TMA
        members are eligible for this rate. Spouse/guest registration includes entrance to all meals and social
        functions. Spouses/guests will receive a name badge at the conference that must be worn for
        admittance into all meals and social events. Meals and social functions are not available on a pro-rated
        basis. To attend any of the sessions included in this registration fee, a spouse/guest must be registered
        at the full rate indicated above and on the registration form.
Submitting Your Registration
Registration forms must be mailed or faxed to TMA per the contact information on the registration form. You
may also register on-line. Phone registration is not accepted. Registrations are not considered complete until
payment is received. Individuals who register at the early rate but fail to provide payment before the March
20, 2009, deadline will be charged the regular registration fee. Please note that payment must be received, not
postmarked, by March 20. Postmarks will not be considered.
Registered attendees will receive confirmation of their registration by email. For those individuals who register
online, this is an additional notice to that which you automatically receive when the online registration is
processed. This notice contains important conference details. Please carefully review the notice for accuracy and
retain a copy in your records. Changes, including changes to your contact information, must be submitted in
writing by fax to 1-312-578-8336 or e-mail to Angela Worlds at aworlds@turnaround.org.

Pre-registration Deadline
TMA will not accept any registration forms in advance of the conference after Wednesday, April 22, 2009.
Only on-site registration will be accepted after this date. Please note that there is a $145 surcharge for
registrations received after April 22, 2009. This $145 fee applies to the member, nonmember and full-time
academic/government employee fees; it does not apply to the advanced educational session, certification
courses, or spouse/guest registration.
                                                                               TMA 2009 Spring Conference, Update 3.8.09

Registration List
To ensure your inclusion on the registration list that is distributed on-site, your registration form, with payment,
must be received at TMA’s International Headquarters by 5:00 p.m. CST on Wednesday, April 22, 2009. TMA
cannot guarantee that individuals who submit registration forms after this date will be included on the
registration list.

Registration Questions
Registration questions may be directed to Angela Worlds at 1-312-242-6035 or aworlds@turnaround.org.

CANCELLATION AND SUBSTITUTION POLICIES
Policies regarding the certification program are details previously in this brochure.
Cancellation Policy
Notification of cancellation must be submitted in writing (e-mail is acceptable). Cancellations will not be
reviewed or processed until they are received in writing. Phone cancellations are not accepted.
Cancellations received on or before Tuesday, April 14, 2009, will be refunded as follows:
 Entire Conference Cancellation: Attendee will receive a refund for the total cost of conference registration
   and additional individual events (e.g., advanced educational session) less a $195 processing fee. If the
   cancellation also includes cancellation of a spouse/guest registration, the refund will be for the total of all
   registrations less the $195 processing fee.
 Individual Spouse/Guest Cancellation: Attendee will receive a refund for the total cost of spouse/guest
   registration less a $100 processing fee.
 Advanced Educational Session: Attendee will receive a refund for the total cost of the session less a $25
   processing fee.
Cancellations received after Tuesday, April 14, 2009, will not be refunded. This includes entire conference
registration, spouse/guest registration and/or individual event(s) fees. After April 14, 2009, individual events
will not be refunded regardless of whether or not the registrant still attends the entire conference. TMA does
not issue credits for future conferences.
Please note that if you register for the conference after these cancellation dates have passed, you will not be
eligible for any type of refund should you need to cancel your registration. These cancellation policies apply to
all registrants regardless of when the registration form is submitted.
Please note that refunds will be issued after the conference, no later than May 22, 2009.
Substitution Policy
Substitutions are permitted at any time. Substitutions must be submitted in writing (e-mail is acceptable).
Substitutions will not be reviewed or processed until they are received in writing. Phone substitutions are not
accepted. The substitute must be from the same firm as the original registrant, and the substitution notice must
contain accurate contact information for the new registrant; otherwise, TMA cannot guarantee an accurate
listing on the registration list. However, please note that substitutions made after April 22, 2009, may not be
reflected on the registration list per the registration list policy previously stated. Substitutions must be of the
same registration category (i.e., member, academic); otherwise, the substitute will be invoiced for the difference
in registration fee.
   Entire Conference Substitution: Substitution of an entire conference registration includes any additional
    educational events and/or spouse/guest registration. If the substitute does not wish to utilize these
    events/registrations, refunds will be issued in accordance with the policies detailed previously on this page
    for full conference and spouse/guest registration and individual event registration or previously in the
    brochure for the certification program.
   Individual Event(s) Substitution: Substitutions are allowed for individual registration options provided that
    the substitute is a member of the same firm as the original registrant and is a registered attendee of the
                                                                            TMA 2009 Spring Conference, Update 3.8.09

    2009 Spring Conference. In the case of a spouse/guest substitution, the new registrant must be a
    spouse/guest of a member of the same firm (spouse/guest registration is transferable within the same firm).

HOTEL RESERVATIONS
To reserve a room at the InterContinental Chicago, call 800-628-2112 or 312-944-4100. Mention Turnaround
Management Association to receive the specially negotiated room rate of $299/night, single or double
occupancy. This rate is only available through Thursday, March 26, 2009. TMA cannot guarantee that the room
block or hotel will not sell out before then. Please make your reservation soon. The Intercontinental Chicago is
located at 505 N. Michigan Avenue, Chicago, IL 60611.
TMA requires that a conference registration form (including payment) be received within ten business days of
making a hotel reservation. TMA reserves the right to terminate the hotel reservation of any individual who
does not comply with this policy.

                                CONFERENCE SPONSORS

AlixPartners, LLP                                           The Meridian Group
Atlas Partners, LLC                                         MorrisAnderson
Aurora Management Partners                                  The MWW Group
BMO Capital Markets                                         McDonald Hopkins LLC
Bond Schoeneck & King PLLC                                  NRC Realty Advisors LLC
Conway MacKenzie, Inc.                                      O’Keefe & Associates Consulting LLC
Deloitte Financial Advisory Services LLP                    Republic Financial Corporation
Fennemore Craig, P.C.                                       Resilience Capital Partners
Freeborn & Peters LLP                                       Skadden, Arps, Slate, Meagher & Flom LLP
Great American Group                                        Tucker Arensberg, P.C.
The Hilco Organization                                      Vion Receivable Investments
Hunt Special Situations Group, L.P.                         Winston & Strawn LLP
Insight Equity
Conference Materials Sponsors
Conference materials sponsors provide financial support for TMA’s international meetings and conferences. In
addition to those sponsors listed in the agenda, the following sponsors have also generously provided support
for the TMA 2009 Spring Conference.
 NRC Realty Advisors LLC (conference bags)
 Vion Receivable Investments (conference bags)
 Republic Financial Corporation (lanyards)
 The Hilco Organization (pocket agenda)
 AlixPartners, LLP (program book)
 Skadden, Arps, Slate, Meagher & Flom LLP (program book)
 Bond Schoeneck & King PLLC (The Wall Street Journal Room Drop - Wednesday)
 Great American Group (Cyber Café)

GENERAL INFORMATION
Drink Tickets
Each registered attendee and registered spouse/guest of the 2009 Spring Conference will receive four
complimentary drink tickets with their registration materials. These tickets are for use at the Opening Reception
on Tuesday, April 28, and the Cocktail Reception on Wednesday, April 29. These tickets are for alcoholic
beverages only (beer, wine, and liquor). Soft drinks, juices and water are available at no charge. The bars at
                                                                                            TMA 2009 Spring Conference, Update 3.8.09

these receptions will not accept cash. Additional drink tickets may be purchased at the TMA registration desk for
$25 per book of four tickets. Drink tickets are not required at any other events.
Attire
Recommended attire for the Spring Conference is business casual.

CONTINUING EDUCATION CREDIT
Educational sessions at the 2009 Spring Conference provide an overview of topics relevant to the practice of
corporate renewal and corporate restructuring. There is no prerequisite or advance study necessary to attend
the 2009 Spring Conference or to qualify for continuing education credit. The 2009 Spring Conference is a
“group-live” educational offering. For information regarding administrative policies such as complaints or
refunds, please contact TMA at 312-578-6900.
CONFERENCE PROGRAM
(excludes Advanced Educational Session)
     CPAs —maximum of 9 hours of CPE
     CTPs – maximum of 9 hours of CPE
     Attorneys—9.3 hours (50-minute hour) or 7.75 hours (60-minute hour). CLE applications are pending
        with individual state bars. TMA cannot guarantee state bar approval. Please visit www.turnaround.org
        for updates.
ADVANCED EDUCATIONAL SESSION
     CPE—maximum 1.5 hours
     CTPs—maximum 1.5 hours
     CLE —1.5 hours (50-minute hour) or 1.8 hours (60-minute hour).
CTP BODY OF KNOWLEDGE COURSES
     CPE—maximum 6.5 hours
     CTPs—maximum 6.5 hours
     CLE —upon request, TMA can apply to individual states for the law section
*The Turnaround Management Association is registered with the National Association of State Boards of Accountancy as a sponsor of
continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the
acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to The National Registry of
CPE Sponsors, 150 Fourth Avenue North, Ste. 700, Nashville, TN 37219-2417 or by visiting the website: www.nasba.org.


GROUND TRANSPORTATION
FROM O’HARE INTERNATIONAL AIRPORT (ORD)
The InterContinental Chicago is approximately 18 miles from ORD.
Taxicab Service
Taxicabs are available on the lower level curb front of all terminals. Shared ride service is available. There are no
flat rates (cabs run on meters). Taxicab fare to downtown Chicago is approximately $35 to $40 and, depending
on traffic conditions, may take from 30 minutes to more than one hour.
Shuttle Service
Continental/Go Airport Express Shuttles serve all downtown hotels. The shuttle departs from outside the
baggage claim area at Door 1E, Door 2D and Door 3F of the domestic terminals, and outside of Door 1E of the
international terminal every 10 to 15 minutes at a cost of $27 one-way and $49 round-trip. Reservations are not
required going downtown but are required at least 24 hours in advance for the return trip to the airport (to
schedule a pick up at your hotel). You may make a reservation in one of three ways: by calling 1-888-284-3826;
by visiting www.airportexpress.com; or at Go Airport Express Shuttle desks located across from baggage claim at
the aforementioned areas. Discounts are available for groups of 2 or more passengers traveling together.
Sedan Service
                                                                                TMA 2009 Spring Conference, Update 3.8.09

Sedan service can be arranged through the InterContinental Chicago concierge desk at 312-944-4100. Cost one-
way is $85 including tax and gratuity. Advance notice is required going to and coming from ORD. Please contact
the concierge desk for further details.
Public Transportation
The Chicago Transit Authority’s (CTA) Blue Line El train travels to the Chicago Loop business district at a cost of
$2.25 each way. You must purchase a CTA card at the station, as the turnstiles cannot accept cash. The el station
may be accessed at Terminals 1, 2 and 3 by lower level pedestrian walkways. Follow signs to CTA. Total travel
time on the train is approximately 40 minutes. Exit at the Clark and Lake (Thompson Center) stop, and hail a
taxicab to the hotel (less than one mile). For a detailed transit map, visit www.transitchicago.com.
Driving from ORD to the InterContinental
Follow signs that say I-190E or Exit to City. Merge onto I-190 East, which will become I-90 East/Kennedy
Expressway East. Follow the Kennedy Expressway to the Ohio Street exit (two exits past the North Avenue exit,
approximately 1 ¼ miles). Ohio Street is a one-way exit going east. Proceed to Michigan Avenue. Turn right on
Michigan Avenue and proceed one block to Illinois Street. Turn left onto Illinois Street to the traffic circle. Follow
the circle around, back to Michigan Avenue. Turn right onto Michigan Avenue to the hotel entrance on your
immediate right.
FROM MIDWAY INTERNATIONAL AIRPORT (MDW)
The InterContinental Chicago is approximately 12 miles from MDW.
Taxicab Service
Taxicabs are available outside the main terminal building. Taxicab fare to downtown Chicago is approximately
$25 to $35, and depending on traffic conditions, the ride may be 30 minutes to one hour.
Shuttle Service
Continental/Go Airport Express Shuttles serve all downtown hotels. The shuttle departs from the lower level
across from the baggage claim area at Door 3 every 15 minutes at a cost of $22 one-way and $39 round-trip.
Reservations are not required going downtown but are required at least 24 hours in advance for the return trip
to the airport (to schedule a pick up at your hotel). You may make a reservation in one of three ways: over the
phone by calling 1-888-284-3826; by visiting www.airportexpress.com; or at the Go Airport Express Shuttle desk
located across from the baggage claim area. Discounts are available for groups of 2 or more passengers traveling
together.

Sedan Service
Sedan service can be arranged through the InterContinental Chicago concierge desk at 312-944-4100. Cost one-
way is $85 including tax and gratuity. Advance notice is required going to and coming from MDW. Please
contact the concierge desk for further details.
Public Transportation
The Chicago Transit Authority’s (CTA) Orange Line El train travels to the Chicago Loop business district at a cost
of $2.25 each way. You must purchase a CTA card at the station, as the turnstiles cannot accept cash. The el
station is connected to the east side of the airport. Follow signs to CTA. Total travel time on the train is
approximately 30 minutes. Exit at the Clark and Lake (Thompson Center) stop, and hail a taxicab to the hotel
(less than one mile). For a detailed transit map, visit www.transitchicago.com.
Driving from MDW to the InterContinental
Follow signs out of the airport to Cicero Avenue (IL-50). Proceed north on Cicero Avenue to I-55
North/Stevenson Expressway North. Follow I-55 to the Lakeshore Drive North exit (US-41). The exit will be to
your left. Follow Lakeshore Drive to Monroe Street. Turn left on Monroe Street (you can only turn left). Follow
Monroe Street to Michigan Avenue. Turn right on Michigan Avenue. Proceed over the Chicago River bridge. The
hotel is the third building on the right side of the street after crossing the bridge.
Parking at the InterContinental
                                                                              TMA 2009 Spring Conference, Update 3.8.09

Valet parking is available for $50/night with unlimited in/out service. Self-parking is not available though there
are numerous public parking lots in the area.
                                                                              TMA 2009 Spring Conference, Update 3.8.09

Car Rental
If you plan to rent a car in the Orlando area, please note that TMA members may receive as much as ten percent
off regular car rental rates from Avis. For more information, call Avis at (800) 331-1212. Individuals calling from
outside the United States may find the appropriate phone number for the country from which they are calling by
visiting www.avis.com and selecting Customer Service/Worldwide Reservations Phone Numbers. Mention
identification number V368995 to the telephone agent to take advantage of this TMA member discount.

QUESTIONS?
Executive Director
Linda Delgadillo, CAE
1-312-242-6028 or ldelgadillo@turnaround.org

Registration, Substitution, Cancellation
Angela Worlds
1-312-242-6035 or aworlds@turnaround.org

Overall Conference, Speakers, Educational Program
Laura Ivaldi
1-312-242-6030 or livaldi@turnaround.org

Sponsorship, Cornerstone Endowment
Joseph Karel
1-312-242-6039 or jkarel@turnaround.org

Certification Program
1-312-578-6900
certification@turnaround.org

Chapter Relations, Awards
Michael McCarthy, CAE
1-312-242-6038 or mmccarthy@turnaround.org

Press
Cecilia Green, APR, CAE
1-312-242-6031 or cgreen@turnaround.org

Membership
Mary Carravallah
1-312-242-6037 or mcarravallah@turnaround.org

DESTINATION CHICAGO
Chicago is a bustling, energetic city filled with cultural attractions, diverse neighborhoods and architectural
wonders. The city is known for critically acclaimed restaurants, world-famous museums, first-class shopping,
adventurous nightlife, action-packed sporting events and a thriving theater scene.

Performing Arts
Chicago theater pushes the envelope with cutting-edge performances on historic and contemporary stages. The
Chicago Theatre, Goodman, Cadillac Palace, Auditorium Theatre of Roosevelt University and the Ford Center
have made visiting downtown a must for theatre lovers. Other distinctive theaters, such as Steppenwolf and The
Second City, can also be found throughout Chicago neighborhoods.
                                                                              TMA 2009 Spring Conference, Update 3.8.09

Dining
Chicago features thousands of restaurants that offer culinary favorites to suit every taste, budget, and mood.
Home of award-winning restaurants and world-renowned chefs, Chicago is also the birthplace of deep-dish
pizza…one of the city's most important contributions to 20th century culture.

Museums
Chicago's diverse collection of museums explore a variety of subjects. The Museum Campus joins the Adler
Planetarium & Astronomy Museum, the Shedd Aquarium/Oceanarium, and the Field Museum of Natural
History, offering easy access to all three locations.

The Shedd Aquarium features more than 8,000 aquatic mammals, reptiles, amphibians, invertebrates and fish.
The permanent home of Sue, the world's largest and most complete Tyrannosaurus rex, the Field Museum also
displays mummies, Egyptian tombs, Native American artifacts, and dinosaur skeletons.

Other museums include the Chicago History Museum (the city’s oldest cultural institution), McCormick Tribune
Freedom Museum, the Museum of Science and Industry, the DuSable Museum of African-American History, the
Art Institute of Chicago, the Museum of Contemporary Art, and the Museum of Contemporary Photography.

Attractions
Considered a neo-classical masterpiece, The Chicago Cultural Center features two art-glass domes and glittering
mosaic walls. Its many galleries display contemporary art from around town and works from around the world.

Navy Pier is the city’s lakefront playground and the state’s most popular attraction, offering visitors a unique
blend of family-oriented attractions. It boasts the 150-foot high Ferris wheel, a musical carousel, the Chicago
Children’s Museum, a 3-D Time Escape ride, a variety of restaurants and the famed Chicago Shakespeare
Theater.

Chicago's Millennium Park offers 24.5 acres of green space. It contains an outdoor performing arts pavilion,
indoor year-round theatre, restaurant, ice-skating rink, contemporary garden, public art, fountains, promenade
area for special events, landscaped walkways and green spaces.

Other famous Chicago attractions include Buckingham Fountain at Grant Park, the Hancock Observatory, and
the Sears Tower Skydeck.

Architecture
From historic landmark buildings to contemporary technological masterpieces, Chicago is built of the unique and
innovative designs that have shaped American architecture. Thanks to the work of such greats as Daniel
Burnham, Louis Sullivan, Frank Lloyd Wright, Ludwig Mies van der Rohe, Helmut Jahn and hundreds of others,
the city is a living museum of architecture.

Chicago was home to the world’s first skyscraper, designed by William Le Baron Jenney in 1885. Today, three of
the world’s 10 tallest buildings including the Sears Tower, which opened in 1974, are in Chicago. Other city
landmark buildings include the Chicago Cultural Center, completed in 1897 in the Beaux Arts style; Adler and
Sullivan’s 1889 Auditorium Building; and the Art Deco-era Chicago Board of Trade Building, designed by Holabird
and Root in 1929.

				
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