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About Steven A. San Filippo
Steve San Filippo is the founder and principal of San Filippo & Associates. He has over 30 years of management experience providing restructuring, rebuilding, remaking, and transformational leadership to privately owned companies. Steve has assisted clients globally across a wide range of industries. During the past five years, he has served as chairman and chief operating officer at Dicar, Inc., the leading global provider of urethane products to the corrugated industry. Previously, Steve served in a variety of leadership roles including chief restructuring officer, crisis manager, financial advisor, chief financial officer and chief operating officer. Steve received a BA in liberal arts from Gettysburg College and an MBA in finance from New York University Stern School of Business. He is a graduate of Wharton’s Advanced Management Program (AMP) and is a member of and certified by the Turnaround Management Association.
Articles by Steven A. San Filippo
Managing Cash and Stakeholders to Turn Around a Company
Insufficient liquidity shrinks the range of options for a financially distressed business. The metaphor of a melting ice cube is often used to illustrate the situation. When the cash runs out and the company is unable to pay its employees or vendors, the ice cube has melted. The business has failed, and recoverable value has collapsed.
Selling Distressed Assets: The Assignment for the Benefit of Creditors (ABC) Alternative
Editor’s Note: This article provides a broad overview of the use of state law assignments for the benefit of creditors (ABCs) as an efficient alternative to chapter 11 and chapter 7 liquidations conducted under federal law. For a great discussion on other options available to struggling businesses, we recommend this webinar. Financially distressed businesses faced with unlikely […]