Practitioners
- Hold a bachelor's degree from an
accredited college or university or
possess 10 years of executive
management or consulting experience
- Pass the three-part
certification examination
Possess a minimum of five years of
executive management or business
consulting experience, three of
which have been in turnaround or
restructuring management
- Provide recommendations from
three professional peers of the
candidate, with no more than one
from the same firm
- Submit letters from at least
three clients confirming the
turnaround nature of the assignments
undertaken
- Submit five case studies
confirming the turnaround nature of
the assignments undertaken
Workout Lenders
- Hold a bachelor's degree from an
accredited college or university or
possess 10 years of direct
experience in loan workouts with
problem credits for a lender
- Pass the three-part
certification examination
- Possess a minimum of five years
of loan workout experience as an
agent or in direct loan
relationships dealing with problem
credits for a lender, or a
combination of applicable loan
workout, qualifying turnaround
practitioner, or applicable
corporate executive experience.
- Provide recommendations from
three practitioners
- Submit five case synopses
(without disclosing company) in
which the candidate was a dominant
force in the resolution of the case
and is supported by references of
other professionals who worked on
the case
Work experience in the area of
problem credits for lenders
includes:
- Liquidations
- Foreclosures
- Bankruptcies
- Negotiated settlements
- Restructuring
- Credit enhancement
Typical departments in which the
candidate has worked may include:
- Workout
- Special assets
- Managed assets
In addition, experience with
underperforming credits in asset
based, Tranche B, mezzanine, and
similar institutions is also
applicable.
In situations in which an institution
generally is a participant in a shared
credit, the candidate must have a
meaningful track record of assisting the
lead lender.
Corporate Executives
- Hold a bachelor's degree from an
accredited college or university or
possess 10 years of senior
management experience
- Pass the three-part
certification examination
- Possess a minimum of five years
of senior management experience
leading the turnaround of the
business or major business units
- Provide recommendations from
three practitioners
- Submit three letters of
reference attesting to professional
experience and specialized expertise
- Submit five case studies
confirming the turnaround nature of
the assignments undertaken
Industry Veterans/Honorary Track
Candidates
- Hold a bachelor's degree from an
accredited college or university or
possess 10 years of executive
management or consulting experience
- By invitation only.
- Must be recommended by a CTP to
the ACTP Board
- Approval required by a
subcommittee of the ACTP Board
before invitation and application
are sent to a potential candidate
- Requires ACTP Standards Committee
review and approval
- Exam requirement is waived;
documented case successes, as well
as speaking and publishing on the
turnaround process, are substituted
- 15 years or more experience in
turnaround or corporate renewal
industry
- Provide recommendations from
three professional peers of the
candidate, with no more than one
from the same firm
- Submit letters from at least
three clients confirming the
turnaround nature of the assignments
undertaken
- Submit five case studies
confirming the turnaround nature of
the assignments undertaken
CTP-Designate (CTP-D)
Considered an interim step to obtaining
full certification for those who do not
yet meet the management or work
experience requirement.
- Hold a bachelor's degree from an
accredited college or university
- Pass the three-part
certification examination
- Provide recommendations from
three professional peers of the
candidate, with no more than one
from the same firm
- Two postings in the TMA Journal
of Corporate Renewal for 60 days;
once after passing the three-part
examination and then again after
other remaining CTP requirements are
met
Retiring Professionals (CTP
Emeritus)
- Current CTP for more than five
years
- Retired from turnaround industry
on a full-time basis
- Continuing education requirement
is waived after the first five-year
reporting cycle has been completed
When certification candidates in each
of these categories have met all of the
requirements as outlined, their names
are posted for 60 days in TMA's The Journal
of Corporate Renewal for public
review. To maintain their certification,
CTP's must complete at least 125 hours of
continuing education during each
five-year period after attaining the
designation. Back to top
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