Senior Advisors and Operators with Experience Across Federal, Institutional, and Complex Restructuring Environments, with a Focus on Credit, Special Situations, and High-Stakes Performance Challenges
We are engaged in situations requiring immediate clarity, disciplined execution, and experienced judgment. We work directly with management teams, lenders, and stakeholders to stabilize performance, address liquidity constraints, and execute practical solutions. Our approach is grounded in real-world experience, combining financial discipline with operational insight.
Leadership
Robert Agarwal, CTP, CIRA
Managing Director
Robert Agarwal is a restructuring and insolvency professional with more than twenty-five years of experience advising debtors, creditor committees, trustees, and financial institutions in complex bankruptcy and special asset situations. His background spans hands-on restructuring execution, fiduciary roles, and advisory engagements across a wide range of distressed and high-stakes environments. A former Deputy Assistant Director of Oversight within the U.S. Department of Justice’s United States Trustee Program, he oversaw bankruptcy trustees nationwide and directed regulatory oversight across the federal system.
He brings a rare combination of restructuring execution experience, fiduciary and regulatory oversight, and financial discipline developed through decades of responsibility for outcomes in complex and time-sensitive situations.
Robert has led numerous crisis management and restructuring engagements, both in and out of court, helping organizations and stakeholders evaluate alternatives, stabilize operations, and maximize recoveries. His experience spans workouts and reorganizations, creditor committee advisory, liquidations, wind-downs, and plan administration, with direct involvement in financial and operational analysis, on-site oversight, forecasting, valuation, and execution. Most recently, Robert served as Deputy Assistant Director of Oversight for the United States Trustee Program, where he oversaw approximately 1,200 bankruptcy trustees nationwide across all chapters of the Bankruptcy Code. In this role, he directed regulatory oversight and enforcement across the United States and its territories, ensuring compliance, accountability, and effective administration of bankruptcy estates. He also held roles at the Export-Import Bank of the United States, where he oversaw approximately $17 billion of distressed loans and guarantees, leading recovery strategies, restructurings, and complex dispute resolution efforts. Previously, Robert held senior roles at Executive Sounding Board Associates, CBIZ Corporate Recovery Services, and Navigant Consulting, serving in fiduciary and advisory capacities across dozens of distressed companies. In these roles, he led restructuring engagements, recovery efforts, and complex dispute resolutions, including matters related to Madoff-associated claims. Earlier in his career, he was an Investment Banking Analyst at Deutsche Bank Securities, where he performed valuation, financial modeling, and transaction analysis in support of public and private capital raises and strategic acquisitions. 🔹 Selected Experience • Crisis Management and Financial Advisor to Chiyoda America in its Chapter 11 restructuring • Liquidation Trustee for DeCoro, Ltd. and DeCoro USA, Ltd., a multinational manufacturing enterprise • Financial Advisor to the Creditors’ Committee of Med Diversified, a national healthcare services provider • Pre- and post-confirmation Litigation Trustee for Waters Edge Liquidation Trust 🔹 Education & Recognition • Robert holds a B.A. in Economics from the University of Virginia • Certified Insolvency Restructuring Advisor (CIRA) • Certified Turnaround Professional (CTP). • Former board member of the Turnaround Management Association • Recognized by The Deal as a Top Crisis Management Professional. 🔹 Areas of Expertise • Bankruptcy & Restructuring Advisory • Fiduciary Roles, Trustee Services & Court-Appointed Oversight • Creditor Committee Advisory & Stakeholder Representation • Workouts, Reorganizations & Plan Administration • Liquidations, Wind-Downs & Recovery Execution • Governance & Oversight in Complex Insolvency Situations • Litigation Support & Dispute Resolution • Distressed Portfolio Oversight & Recovery Strategy
Sabir Abdulayev
Director
Sabir Abdulayev is a restructuring, credit, and special assets professional with more than fifteen years of experience advising on complex turnaround situations, credit workouts, and portfolio management across both the private sector and the U.S. federal government.
His background combines hands-on restructuring execution with senior secured lender oversight and credit structuring experience, bringing a disciplined, solutions-oriented approach to distressed and underperforming investments across multi-stakeholder environments.
Sabir began his career in restructuring and turnaround advisory at Executive Sounding Board Associates, where he supported secured lenders, creditor committees, trustees, and management teams in distressed situations. His work focused on liquidity analysis, 13-week cash flow forecasting, operational stabilization, forensic investigations, and recovery planning across middle-market and large-cap companies. He later advised private-equity-backed and middle-market businesses at CBIZ Advisory Services, supporting financial transformation, transaction execution, post-transaction integration, and performance stabilization initiatives. His work included enhancing financial reporting frameworks, improving performance visibility, and establishing operating discipline to support management decision-making and stakeholder confidence. At FullBloom, a national education services platform, he served in a senior finance role, overseeing financial planning, reporting, and integration during a period of private-equity-driven expansion. Sabir subsequently advanced into federal credit and portfolio management roles at the Export-Import Bank of the United States and the U.S. Department of Energy Loan Programs Office, where he oversaw a combined portfolio exceeding $5 billion in project finance, infrastructure, manufacturing, and transportation assets. Acting from a senior secured lender perspective, he led credit monitoring, restructuring efforts, and recovery strategies for complex domestic and international transactions. His responsibilities included evaluating borrower performance, validating financial projections, enforcing covenant compliance, and contributing to credit underwriting and capital structuring decisions to ensure appropriate risk allocation, collateral coverage, and downside protection. His experience spans energy, infrastructure, healthcare, education, manufacturing, telecommunications, and transportation, with particular depth in distressed investing, fiduciary matters, and complex financial investigations. 🔹 Selected Experience • Financial Advisor in the Chapter 7 proceeding of Image Masters, Inc., a large-scale Ponzi scheme involving over 30 lenders and more than $28 million in recoveries • Post-confirmation Trustee for American LaFrance Creditors Trust • Post-confirmation Trustee for U.S. Wireless Liquidation Trust Post-confirmation Trustee for LoveSac Liquidation Trust 🔹 Education & Recognition • Sabir holds a B.S. in Business Administration with concentrations in Finance and International Business from Drexel University • Recognized for contributions to financial leadership and business performance across both public- and private-sector roles. 🔹 Areas of Expertise • Restructuring & Special Situations • Credit Risk Management & Covenant Compliance • Oversight and Management of Underperforming and Distressed Assets • Capital Structure Analysis & Recapitalization Strategies • Liquidity Management & Cash Flow Stabilization • Financial & Operational Reporting Transformation • Financial Modeling & Scenario-Based Decision Support • Lender & Stakeholder Negotiation and Alignment • Infrastructure & Renewable Energy Investments
Stephen Judge
Managing Director
Stephen Judge is an operational finance and restructuring executive with more than thirty years of experience leading financial and operational turnarounds across complex, underperforming organizations. His background includes senior leadership roles in public and private companies, where he has driven restructuring, liquidity management, and operational stabilization initiatives.
He brings a hands-on, execution-focused approach to interim management, combining financial discipline with practical operating experience to restore performance, improve visibility, and support stakeholders through periods of transition and uncertainty.
Stephen has held executive-level finance and operational leadership roles across a range of industries, including manufacturing, transportation, and industrial services. His experience centers on stabilizing underperforming businesses, implementing financial controls, and leading organizations through restructuring, wind-down, and performance improvement initiatives. He has served as Chief Financial Officer of Winner Group, a diversified regional management company, and as Vice President of Administration and Controller of Matlack Systems (NYSE: MLK), where he played a key leadership role during the company’s Chapter 11 wind-down and liquidation of assets. In this capacity, he acted in a restructuring leadership role, overseeing financial operations, managing stakeholder communication, and supporting execution of the liquidation strategy. Earlier in his career, Stephen held senior finance and systems leadership roles at Avery Dennison (NYSE: AVY), where he was responsible for financial operations and reporting within a multinational division generating approximately $175 million in annual revenue. He began his career at Coopers & Lybrand, developing a strong foundation in accounting, financial reporting, and controls. Across his career, Stephen has worked closely with lenders, management teams, and advisors to implement financial discipline, improve reporting and forecasting capabilities, and support decision-making in complex operating environments. His experience includes liquidity management, budgeting and forecasting, operational restructuring, and the establishment of reporting frameworks that enhance transparency and accountability. In addition to his corporate experience, Stephen has supported advisory engagements involving interim leadership, operational turnaround, and financial stabilization, working alongside stakeholders to execute practical, results-oriented solutions. 🔹 Education & Credentials • Stephen holds a bachelor’s degree in accounting from the University of Delaware • MBA in finance from Indiana University. • Certified Public Accountant (inactive) • Served in the United States Army Reserve, including a tour of duty during Operation Desert Shield/Storm. • Active member of Veterans of Foreign Wars (VFW) Post 6835. 🔹 Areas of Expertise • Operational Turnarounds & Business Stabilization • Interim CFO & Financial Leadership • Liquidity Management & Cash Flow Stabilization • Cost Reduction, Margin Improvement & Working Capital Optimization • Financial Reporting & Performance Management in Distressed Environments • Process Redesign & Operational Efficiency • Crisis Management & Restructuring Execution • Strategic Planning & Execution