...Loretta CrossManaging DirectorLoretta Cross, a Managing Director with Alvarez & Marsal, LLC, is based in the firm's Houston office.She
specializes in restructuring companies experiencing financial distress, in bankruptcy and in out-of-court situations.Her
areas of focus include cash forecasting, asset redeployment, strategic and operational planning, financial negotiations, and assessing capital structure.She
has provided testimony in numerous courts on issues ranging from plan viability, valuation, use of cash collateral, avoidance actions, substantive consolidation and subordination issues.
With more than 20 years of experience, Ms. Cross
has extensive industry expertise in the energy sector, including exploration and production, marketing and trading and power generation.She
has been the advisor in some of the nations largest energy bankruptcies including, Enron
and has provided expertise in five multi-billion dollar energy merchant out of court restructures in the last 18 months. In addition to her energy expertise, Ms. Cross has experience in retail, manufacturing and services industries.
Some of the clients she
has restructured include Global Marine, Inc., and US Homes, Inc. Prior to joining A&M, Ms. Cross was a senior managing director at a large financial restructuring firm and a partner at PwC where she served on the office management committee. Ms. Cross earned her bachelor of Accounting degree from the University of Texas in Austin.She is a Certified Public Accountant (CPA) and a Certified Insolvency and Restructuring Advisor (CIRA).She serves on the board of the Houston Turnaround Managers Association, the Texas Gulf Coast Lupus Foundation and Neon Systems, Inc.She is a member of the Association of Insolvency and Restructuring Advisors, National Association of Corporate Directors, and American Bankruptcy Institute.