Dive deep into the world of turnaround and restructuring with the TMA Turnaround Square webinar series. These webinars bring together leading industry experts to share their insights and strategies on navigating the complexities of corporate turnarounds and restructurings. Each webinar focuses on topical content addressing the latest trends, challenges, and best practices in the field.
Attendees will gain practical knowledge and tools that can help you drive successful outcomes in your own projects and practices. Additionally, TMA webinars offer the opportunity to earn educational credits, supporting your ongoing professional development and certification requirements. Register now for a TMA Turnaround Square webinar and take a step forward in your career!
TMA Turnaround Square: EBITDA is not Cash Flow

June 10, 2025
11:00 A.M. CT / 12:00 P.M. ET
EBITDA has a long history in the financial markets and is based on sound economic theory. However, along the way, one thing has become lost in the handing down of the tradition, and it is a danger to practitioners everywhere in restructuring. EBITDA ≠ Cash Flow. Join our panel of experts who will demonstrate myriad ways this statement holds true and the one tool you can use to save your reputation.
Registration is FREE for TMA Members and $50 for non-members
1.2 CEU and CPE credits are available for this webinar.
Panelists:
Brian Gleason, CTP, Phoenix Management (a part of J.S. Held)
Ed Schaffer, Revolution Prep
Ken Yager, CTP, Newpoint Advisors Corporation
TMA Turnaround Square: When Ethics Demand Exit: Disqualification and Retention Issues in Bankruptcy Cases

August 12, 2025
11:00 A.M. CT / 12:00 P.M. ET
Join us for an insightful ethics panel as we kick off the back-to-school season with a timely discussion on the complexities of bankruptcy retention practices. Our expert panelists will unpack recent high-profile disputes and ethical challenges in cases such as Enviva, Franchise Group, and Eletson. Through real-world case studies, we’ll explore what went right, what went wrong, and how professionals can stay on the right side of ethical and procedural boundaries.
Registration is FREE for TMA Members and $50 for non-members
1.2 CEU and CPE Ethics credits are available for this webinar. 1 CLE Ethics credit in IL is anticipated.
Panelists:
Judge Harlin Hale (ret), JAMS, U.S. Bankruptcy Court, Northern District of Texas
Judge Sage Sigler, United States Bankruptcy Court, Northern District of Georgia
Lauren Sisson, Haynes Boone
TMA Turnaround Square: The ABCs of LMEs

September 11, 2025
11:00 A.M. CT / 12:00 P.M. ET
This session will demystify Liability Management Exercises (LMEs)—strategic financial maneuvers that can reshape a company’s capital structure outside of bankruptcy. We’ll explore what LMEs are, why companies pursue them, who they impact (and how), and how these transactions are evolving. Attendees will leave with a clearer sense of how LMEs affect equity holders, lenders, and management—and what to look out for when these deals go right… or go wrong.
Registration is FREE for TMA Members and $50 for non-members
1.2 CEU and CPE credits are available. 1.2 CLE credits in IL are anticipated.
Panelists:
Genna Ghaul, Jones Day
Maja Zerjal Fink, Clifford Chance
Rich Morgner, Jefferies LLC
Interested in being a panelists for a future webinar or have an interesting topic you think we should teach on? Send your inquiry to: education@turnaround.org.