“I’m a problem solver. There’s nothing I enjoy more. It’s very fulfilling to gather and sift through data and then deliver the best solution for the client.”
Areas of Expertise
• Strategic Alternatives
• Revitalization Plans
• Transformation Planning
- JourneyPure, Inc.
- The Brookdale University Hospital and Medical Center
- Covanta Energy, Inc.
- Hoop Holdings Inc.
- Bergen New Bridge Medical Center
- United Airlines, Inc.
Thomas Korf is a Managing Director at ToneyKorf Partners LLC. Tom has more than 25 years of business experience, specializing in the restructuring arena. He has been involved in nearly 100 restructuring cases, including representation of debtors and creditors in bankruptcy, out-of-court restructurings, mergers, acquisitions, and refinancing transactions, on behalf of internationally recognized corporations and lending institutions, among others.
Tom’s specific work experience has included formation of strategic business plans for clients in financial distress, including turnaround, bankruptcy, reorganization, loan workouts, and other financial advisory roles. As an expert in his field, Tom offers a unique depth of knowledge and experience in all aspects of turnaround, bankruptcy, reorganization, loan workouts, and business planning.
Tom has been involved in some of the restructuring industry’s highest-profile and most successful cases, including:
- United Airlines
- Covanta Energy Corp.
- Linens N Things
- Warnaco Group
- American Home Mortgage
Recently Tom has been working as a financial advisor to a regional addiction treatment company with numerous locations across several states in the southeast; his work includes a restructuring of the company’s operations in preparations for a sale/new capital investment. He is also involved at the New Bridge Medical Center in Paramus, NJ. The 1,000 + bed hospital is owned by the County of Bergen and overseen by a County Legislative Board. He has been assisting the County since December 2016 and his work has included advising the County on the selection of a new operator as part of an extensive Request for Proposal process, assisting the newly selected operator in transitioning into managing the facility, and providing ongoing oversight to gauge the progress of the facility against its longer-term strategic objectives. Previously, Tom worked at Brookdale Hospital and Medical Center in Brooklyn, New York, as Director of Finance, assisting with cash flow budgeting/management and interfacing with State agencies on funding and reporting requirements.
Prior to joining Toney Korf Partners, Tom worked at several regional boutique and nationally recognized restructuring firms, as well as working as an auditor and tax accountant for several years.
Tom holds a B.S. in Accounting from the State University of New York at Binghamton, an M.B.A. in Finance from the City University of New York. He is a Certified Public Accountant and a Certified Insolvency and Restructuring Advisor. He has published articles in both the Journal and E-newsletter of the American Bankruptcy Institute and has been a conference presenter on bankruptcy matters.
Get to Know Tom
Why I’m a pilot: I was traveling a lot for work and was actually something of a nervous flyer, so I figured if I went and took a lesson in a small plane, I might feel more comfortable. After my first lesson I was hooked!
So, what’s Bankrupt Talent all about? Well, it’s an annual charity event hosted by TKP that involves all these musicians who masquerade by day as bankruptcy professionals, getting together and putting on a show to benefit local charities. It’s an incredible amount of fun and allows me to perform (I play guitar) alongside my brother Steve who plays drums.
Hobbies: I enjoy playing golf…well, most of the time I enjoy it!
They always send the A-team with a high level of trust and integrity.Let's build a future together