Phoenix Management Services announced that Michael Jacoby, senior managing director and shareholder of the firm, will be inducted to The American College of Bankruptcy as a fellow.

Jacoby will join a select group of professionals honored and recognized for their professional excellence and remarkable contributions to the insolvency and bankruptcy community. The ceremony will take place on Friday, March 18th, 2016 in Washington D.C. at the Smithsonian Donald W. Reynolds Center for the American Art and Portraiture.

The American College of Bankruptcy is an honorary public service association of bankruptcy and insolvency professionals. The College has more than 800 Fellows, each selected by a Board of Regents from among recommendations of the Circuit Admissions Council in each federal judicial circuit and specially appointed Committees for Judicial and International Fellows.

Fellows are nominated and extended an invitation to join based on a proven record of the highest standards of professionalism and service to the profession and their communities. Criteria for selection include: the highest standard of professionalism, ethics, character, integrity, professional expertise and leadership in contributing to the enhancement of bankruptcy and insolvency processes; sustained evidence of scholarship, teaching, lecturing or writing on bankruptcy or insolvency; and commitment to elevate knowledge and understanding of the profession and public respect for the practice.

Jacoby will join distinguished judges, lawyers, international fellows, accountants, corporate turnaround specialists, government officials and other professionals who are acknowledged as experts in the bankruptcy and insolvency field.