Montgomery McCracken Wins 2021 Large Company Turnaround/Transaction of the Year Award

October 19, 2021

Types : Press Releases

Montgomery McCracken is pleased to announce that it has been named a winner of the 2021 Large Company Turnaround/Transaction of the Year Award by the Turnaround Management Association (“TMA”) for our representation of the Official Committee of Unsecured Creditors in the Tuesday Morning Corp. bankruptcy. The Turnaround/Transaction Awards are chosen based on a rigorous peer-review process.

Tuesday Morning Corp. is a NASDAQ-listed retail chain of approximately 500 stores in 40 states.

The TMA Award, which recognized Edward L. Schnitzer, marks the third award that Montgomery McCracken’s Bankruptcy & Financial Restructuring Department has received for its representation in the Tuesday Morning Corp. Bankruptcy.

Schnitzer, along with Bankruptcy & Financial Restructuring attorneys David M. Banker and Gilbert R. Saydah, as counsel for the Official Committee of Unsecured Creditors, successfully secured confirmation of a plan of reorganization which paid all creditors 100% of what they are owed plus interest while preserving the on-going business as a trading partner for creditors and a myriad of jobs.

About the Turnaround Management Association

TMA is a diverse group of professionals in the turnaround, restructuring, and corporate health

space. Members include turnaround specialists, attorneys, accountants, advisors, liquidators, consultants, as well as academics, government employees, and members of the judiciary. Visit for more information.

About Montgomery McCracken

Montgomery McCracken is a full-service law firm with offices in Pennsylvania, New York, New Jersey and Delaware. The firm represents leading businesses, multinational corporations, nonprofit organizations, and individuals across a wide range of industries in bankruptcy and financial restructuring matters, complex litigation, intellectual property, corporate transactions, and challenging disputes. Follow the firm on Twitter at @MMWR_Law.

Award Methodology

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Montgomery McCracken’s Business Department works proactively and collaboratively with our clients to advise on the full array of corporate and business issues, ranging from finance and regulatory matters to mergers […]

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Bankruptcy and Financial Restructuring

The attorneys in Montgomery McCracken’s Bankruptcy and Financial Restructuring Department assist clients in all aspects of restructuring, including bankruptcies, out-of-court restructurings, reorganizations, liquidations, workouts, debt refinancings, adversary proceedings, and contested […]

Learn more about our Bankruptcy and Financial Restructuring Department

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