ABF Journal’s Turnaround Management Issue is on its way to your mailbox and in time for TMA’s 2012 Annual Convention in Boston.

As our cover illustration suggests, managing a turnaround has become an art, where the “conductor” (CRO or turnaround manager) must manage all the pieces including the CEO/employees, financial institutions, suppliers/vendors, legal team and other stakeholders to get the job done, or in many cases, turn the distressed company around.

In maintaining that cover idea into our feature stories, Greg Charleston at Conway Mackenzie details an Anatomy of a Turnaround, discussing how he aided Dippin’ Dots in its restructuring, an assignment that become very personal.

ABF Journal presents its annual Turnaround Managers’ Survey where respondents stated that lenders’ reluctance to call defaults was their most pressing concern.

AlixPartners’ Thomas Osmun and Joseph Mazzotti ask what comes next in a restructuring when there are fewer opportunities to be had. James E. Nugent of Mesirow Financial and George R. Mesires of Ungaretti & Harris recount their turnaround of Fairview Ministries, which recent won the Small Transaction of the Year award from the TMA’s Chicago/Midwest chapter.

Looking at a different perspective of a turnaround, Rivers Insurance Group Harvey Topitz discusses the insurance pitfalls that can come up in any restructuring. The CFA’s Bob Trojan offers a preview of the association’s 68th annual convention that will feature keynote speaker and 46th Vice President Richard Cheney.

ABF Journal caught up with Jeff Baker at Wipfli to discuss the CPA and consulting firm’s launch of a turnaround and restructuring practice. And editor Amanda Gutshall talked with TMA CEO Gregory Fine about his first year at the helm of the association and what he sees on the horizon for turnaround practitioners.

Gutshall also sat down with Bay View Funding’s Glen Shu who discussed his first year as head of the company and what he feels is the biggest challenge to the specialty lending industry.

And that’s not all. As in every issue of ABF Journal, there are a variety of articles in the turnaround, factoring, bankruptcy and legal sections.

To view the entire contents of this issue click here.

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