Providing  insight into distressed situations.


Forensic Accounting

Forensic accounting involves the application of accounting concepts and techniques, experience, judgment, and common sense to legal problems.  It is usually employed to answer the questions "where did my money go?" and "can I get it back?"


Litigation Support

Michael Goldman usually helps his cases to settle, but has also successfully testified in numerous legal proceedings related to fraud, fairness, lost profit, valuation issues, professional malpractice, insolvency, commercial damages, management competency, and marital dissolution.


Business Restructuring

Michael Goldman has 14 years of in-company senior management experience and has had more than 50 insolvency engagements representing creditors, debtors, and equity. This wealth of perspective gives him valuable insight and creative problem solving ability.


Company Profile

Michael Goldman & Associates, L.L.C. is a full-service consulting practice offering financial management assistance to all size companies.  We specialize in working with start-ups, troubled companies, and other companies experiencing resource shortages or involved in legal disputes.  Michael Goldman's experience of more than 14 years as a Controller or Chief Financial Officer, alongside with operating his own consulting practice since 1996 helps him to provide a fresh perspective not usually available from other practitioners who only have worked in either the public accounting / consulting sector or the private sector alone.

Michael's unique perspectives are explained in Why the Goalie?  His consulting practice focuses on supporting stressed or distressed situations including insolvency, fraud, and litigation. The firm typically is referred into troubled situations by lawyers or lenders and provides services for plaintiffs, defendants, debtors, and creditors. Michael has been a part of dozens of business restructurings and has qualified as an expert witness in both state and federal courts on topics related to Insolvency, Business Valuation, Fraud, Forensic Accounting, Internal Controls, Management Competency, Shareholder Oppression, Lost Profits, Marital Dissolution, and Commercial Damages.

Michael has authored chapters about insolvency or the investigation of fraud in books published by the Association of Certified Fraud Examiners, the American Bankruptcy Institute, Westlaw,  and Aspen Law and Business.  He has also had articles published in numerous professional journals written for lawyers, accountants, or venture investors.  You can read his publications here.  He has taught an upper level elective course on entrepreneurship at Lake Forest Graduate School of Management since 1998.

Fresh Solutions

What clients appreciate most about Michael Goldman is that he is strategic and fast thinking with a strong ability to quickly grasp the situation and envision multiple possibilities.  He has a high tolerance for ambiguity, listens well, and incorporates both creativity and insight into his problem solving skills.

Distressed situations are seldom resolved in a linear process. Being intelligent, analytical and detail oriented is necessary, but not enough.  Michael Goldman also understands people as well as the numbers and is able to remain composed and confident under stress.  This ability makes Michael both persuasive and trustworthy in presenting and implementing solutions. 

Recent News

Michael Goldman is continually sought out as both an author and a speaker.  His publications and presentations are provided on this web site.

Most of the work that Michael Goldman does is confidential and cannot be publicly disclosed.  Updates that can be publicly discussed are available on the News page.


Certified, American Institute of Certified Public Accountants and Illinois Certified Public Accountants Society

Certified, National Association of Certified Valuation Analysts

Certified, Association of Certified Fraud Examiners

Member, Turnaround Management Association

Member, American Bankruptcy Institute and Committee Leader on Fraud Task Force

Professor, Lake Forest Graduate School of Management 1998 - 2013

Chairman, Editorial Board of The Value Examiner, a professional development journal for the consulting disciplines

Available Services


Master of Management with majors in Accounting and Finance from the J.L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois

Bachelor of Arts with majors in Economics and Managerial Studies from Rice University, Houston, Texas