IUP Business Alumni Explain Bankruptcy Basics

Posted on 10/28/2014 2:54:13 PM

James Leda and Michael TalaricoIUP alumni James Leda ’95, finance and accounting, and Michael Talarico ’89, accounting, presented the basics of bankruptcy to Mukesh Chaudhry’s afternoon finance class on Monday, October 20 in the Eberly College of Business and Information Technology.

The speakers discussed topics that included the key players in bankruptcy, key foundations and aspects, key metrics that investors and advisors use while moving toward distress, game plans and decision making, and much more. The class also participated in an interactive problem solving scenario and a mock bankruptcy situation.

Leda has more than 17 years of experience dealing with distressed and high yield investments. He is a managing director in the Debt Restructuring Group at PPM America, Inc. and is responsible for managing the firm’s distressed investments.

Talarico has provided financial advisory services to various parties in connection with distressed and underperforming companies for over 20 years. Currently, he is a managing director in FTI Consulting’s Corporate Finance practice in Pittsburgh. 

Also in attendance was Ibrahim Affaneh, chairperson of Finance and Legal Studies, and IUP Finance and Legal Studies professors Robert Boldin and Martha Troxell. Leda was a former student of Troxell.

Casey Lemmons

Eberly College of Business and Information Technology