May 21, 2008 — Bodman partner Marc M. Bakst has been elected to a second three-year term on the Board of Directors of the Detroit Chapter of the Turnaround Management Association.
Bakst represents clients in the areas of creditors’ rights, bankruptcy, reorganization and insolvency. He regularly represents secured and unsecured creditors, debtors, trustees and creditors’ committees in loan workout and other negotiations and in proceedings in state and federal courts.
The Turnaround Management Association is the only international nonprofit association dedicated to corporate renewal and turnaround management. Members share a common interest in strengthening the economy through the restoration of corporate value.