Turnaround Management Association

How are restructuring professionals adapting to rising costs, evolving legal tools, and the rapid growth of artificial intelligence?

In a recent conversation with 2026 TMA Global Chair Rachael Smiley, FBFK Law, Jenny Faubion-Ranade of Cairncross & Hempelmann shared insights on the growing use of out-of-court restructuring options, the opportunities and risks AI presents for legal professionals, and the importance of engaging advisors early in the restructuring process.

One key takeaway: while technology continues to evolve, trusted relationships and professional judgment remain essential to delivering successful outcomes.

Watch the latest episode of TMA’s Leading Edge Series, Jennifer Faubion: AI and Out-of-Court Restructuring Options https://youtu.be/VJxb29gDPzY, to hear perspectives on restructuring trends, AI, professional development, and the value of building strong industry connections.

Special thanks to Second Wind Consultants / Rise Alliance for producing this series in partnership with TMA.

TMA Leading Edge with Jennifer Fabian: AI and Out-of-Court Restructuring Options TMA’s global community—spanning advisors, attorneys, lenders, and o...

Serve. Shape. Lead.

The future of the turnaround and restructuring industry starts with leaders willing to step forward.

From May 20–July 15, TMA members are invited to nominate themselves—or a peer—for a seat on the TMA Board or volunteer to serve on a TMA committee.

Serving in a leadership role is one of the most meaningful ways to make an impact on TMA’s future while expanding your professional network and collaborating with industry peers and leaders nationwide.

✔ Gain national visibility.
✔ Help shape TMA’s strategic direction.
✔ Build deeper industry connections.
✔ Contribute your voice and expertise.

Self-nominations are encouraged.

Not ready for a Board role? Raise your hand to serve on a TMA committee and make a difference.

Learn more and access the online applications via the links below.

Board of Trustees Nominations: https://my.reviewr.com/site/tma_trustees27
Executive Board Nominations: https://my.reviewr.com/site/tma_eb27
Committee Nominations: https://my.reviewr.com/site/Committee_TMA_2027