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Michael E. Jacoby, CTP

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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Michael E. Jacoby
 

Senior Managing Director | Strategic Advisory Practice Lead

 

+1 610 888 9704 (Mobile)
+1 484 841 6808 (Office)
610 E Baltimore Pike 2nd Floor, Suite 200
Media, PA 19063

Michael Jacoby, CTP, joined J.S. Held in October of 2023 as part of J.S. Held's acquisition of Phoenix Management Services. In leading J.S. Held’s Strategic Advisory Group, Michael brings extensive experience in operations, turnaround management, restructuring, and M&A. Throughout his career, he has served in advisory capacities as well as an independent director, Chief Restructuring Officer (CRO), and interim manager for more than 400 Phoenix Management Services clients in various industries.

He has also been instrumental in assisting numerous clients with their financing and divestiture needs. Specific areas of expertise for Michael include crisis management, business strategy, cash flow management, control, and forecasting; workflow and project management; business wind-downs; customer service improvement; inventory management; business and collateral valuations; and sales/marketing reinvigoration.

Prior to joining Phoenix Management Services, Michael worked for PNC Bank in Philadelphia, managing a $500 million commercial loan portfolio. He was recruited by senior management to spearhead a newly created unit responsible for restructuring complex transactions with substandard risk classifications.

In May 2025, Michael was recognized as an "Icon" by ABF Journal among their Legends & Leaders, honoring him as an industry leader and long-standing figure with enduring influence in asset-based lending and factoring. 

Michael earned a B.S. in Economics from The Wharton School of Finance, a B.A. from the University of Pennsylvania, and an M.B.A. in Finance from Temple University.

Professional Affiliations/Memberships/Licenses/Training

  • Certified Turnaround Professional (CTP) designation from the Turnaround Management Association (TMA)
  • FINRA Series 79 license
  • Fellow of the American College of Bankruptcy; Member of the Finance Committee
  • Chair of the TMA Global Finance Committee; Member of the TMA Global Board of Trustees
  • President of the Philadelphia Chapter of the Secured Finance Network
  • Board Member of the Consumer Bankruptcy Assistance Project
  • Former Board Member and President of the Philadelphia Chapter of the Association for Corporate Growth
  • Former Board Member of the Philadelphia Chapter of the TMA
  • Former Steering Committee Member of the Eastern District of Pennsylvania Bankruptcy Conference

Insights by Michael E. Jacoby

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The Case for Out-of-Court Winddowns
Out-of-court winddowns may be a preferred alternative over bankruptcy for private equity sponsors, lenders, and boards of directors.
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Maintaining Private-Equity Involvement and Funding When Their Initial Investment Is Underwater
Turnaround professionals can find creative strategies to keep PE sponsors at the able even when their original investment is underwater.
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