IGS National Advisory Council

WILLIAM BRANDT

William Brandt has been in the business of workout, turnaround and insolvency consulting for almost thirty years and is widely recognized as one of the foremost practitioners in the field. He is President and CEO of Development Specialists, Inc. (“DSI”), a firm specializing in the provision of management, consulting and turnaround assistance to troubled or reorganizing enterprises. The firm maintains offices in Chicago, New York, Los Angeles, London, Miami, San Francisco, Columbus and Boston.

Mr. Brandt and his firm continue to be involved in a number of the most notable restructurings of record. From the founding of DSI and the spawning of an industry in the 1970s, through the 1980s when he and Cesar Chavez amicably negotiated a worker dispute, to the June 2005 designation of DSI to manage two rare coin funds in Ohio – funds formerly operated by Thomas W. Noe, which received $50 million in investments from Ohio’s Bureau of Workers’ Compensation and are at the center of major investigations and audits by state and federal authorities – Mr. Brandt and other members of his firm have served as management, as fiduciaries, as consultants, or in similar capacities in literally thousands of matters both in this country and abroad. Other cases of recent note include those of Mercury Finance Company, AgriBio Tech, Southeast Banking Corporation, Malden Mills, BREED Automotive and Keck, Mahin & Cate. Recently, and upon the invitation of both business and political leaders in the People’s Republic of China, he has been working with public policy, law and banking leaders in that country on approaches to the reorganization and restructuring of some of China’s state-owned industries.

He has written for publications that span a broad spectrum of thought, ranging from Maclean’s, Canada’s Weekly Newsmagazine, to Directors & Boards, Corporate Board Magazine, the Florida Real Estate Journal, and the American Bankruptcy Institute’s Law Review, published in conjunction with St. John’s University School of Law. He is a frequent lecturer and speaker on topics of corporate restructuring, bankruptcy and related public policy issues and regularly appears on CNN, CNBC, CNNfn, and Bloomberg, as well as the CBS Radio and National Public Radio networks. He has been profiled and interviewed in a wide array of periodicals including, among others, the Wall Street Journal, the New York Times, the International Herald Tribune, Business Week, the Miami Herald, the Chicago Tribune, the Boston Globe, Billboard Magazine and Bank Bailout Litigation News.

Mr. Brandt has advised Congress on matters of insolvency and bankruptcy policy, and in that capacity was the principal author of the amendment to the Bankruptcy Code permitting the election of trustees in Chapter 11 cases. Mr. Brandt was also involved in drafting several amendments to the bankruptcy code enacted into law in April 2005 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which substantially rewrote the nation’s bankruptcy laws. During the Clinton administration, he served as a member of the President’s National Finance Board as well as serving as a delegate from the State of Florida to the 1996 Democratic National Convention. In 2000, he served as a member of the Democratic Party’s Platform Committee. In 2002, he served on the Illinois Gubernatorial Transition Team for incoming Governor Rod Blagojevich as well as on the State of California’s Business Delegation, dispatched to Cuba to discuss politics, business and trade. He was also featured in "What Happened", a recently completed documentary film humorously chronicling the dot-com “bust,” which premiered at the New York City Film Festival.

Mr. Brandt served several terms as a member of the Board of Directors of the American Bankruptcy Institute, as well as also serving several terms on the Advisory Board for that organization’s Law Review. He served for almost 20 years as a member of the private Panel of Trustees for the United States Bankruptcy Court for the Northern District of Illinois and briefly served as a member of the same panel for the Bankruptcy Court in the Southern District of Florida in the late 1980s. He is a member of the Executive Committee of the Bankruptcy Section of the Commercial Law League of America and serves on their National Government Affairs Committee. Mr. Brandt is a member of the Board of Advisors for the American Bankruptcy Institute’s Bankruptcy Battleground West seminar held annually in Los Angeles and is also currently serving a three-year term as a member of the Board of Directors of the San Francisco Bay Area Bankruptcy Forum. In addition to the Commercial Law League of America and the American Bankruptcy Institute, he holds memberships in the National Association of Bankruptcy Trustees, the International Council of Shopping Centers and the Urban Land Institute. Mr. Brandt is a governing member of the Chicago Symphony Orchestra, a former Governing Member of the Sustaining Fellows of the Art Institute of Chicago and a life trustee of Fenwick High School in Oak Park, Illinois.

His biography appears in a number of reference works including Who’s Who in America, Who’s Who in Finance and Industry, and Who’s Who in American Law. For the past nine consecutive years his firm, Development Specialists, Inc., has been rated as one of the outstanding turnaround firms in the world by the publication Turnarounds & Workouts. Mr. Brandt has also been routinely listed in the K & A Restructuring Register, an annual roster of the country’s top 100 restructuring advisors. He received his B.A. from St. Louis University and his M.A. from the University of Chicago, where he also completed further post-graduate work towards a doctoral degree.