Bernie Costich - Large

Bernie W. Costich, CPA, CFE,
CFF

Partner

488 Madison Avenue
Floor 3
New York, New York 10022-5702

+1 212 572 5593

Email

Bernie Costich is a partner in the Crowe Horwath LLP advisory services group. He also leads the firm’s delivery of bankruptcy and insolvency services in New York and Delaware markets. 

Bernie has more than 30 years of experience providing restructuring and bankruptcy services to financially troubled entities and their constituents. He has served as chief executive officer, chief restructuring officer, and interim chief financial officer to financially troubled entities. Bernie has also served as a financial adviser to financially troubled entities, including debtors in possession, secured lenders, and unsecured creditors' committees. He is frequently retained as an accountant and financial adviser for Chapter 11 and Chapter 7 trustees and examiners. Additionally, Bernie has been appointed a Chapter 11 trustee and examiner by the U.S. Bankruptcy Court for the Southern and Eastern Districts of New York and the District of Delaware. Bernie has experience in industries that include manufacturing, construction, equipment leasing, consumer products, not-for-profit, real estate, and retail.

Client Focus

Services

Experience

Restructuring and Bankruptcy Advisory


  • Served as accountant and financial adviser to financially troubled entities, secured lenders, debtors in possession, Chapter 11 and Chapter 7 trustees, and creditors’ committees
  • Served as CEO/Chief Risk Officer/CFO for financially troubled entities
  • Appointed as a Chapter 11 trustee and examiner by the U.S. Bankruptcy Court in the Southern and Eastern Districts of New York and Connecticut
  • Supervised the North American windup of a $150 million sales organization 
  • Negotiated and implemented plans for reorganization for a NYSE company, NASDAQ companies, and a privately held $400 million manufacturer
  • Prepared a prepackaged plan for an $80 million manufacturer
  • Assisted with the asset sale and debt restructuring programs of approximately 50 companies
  • Served as a liquidating trustee in confirmed Chapter 11 cases

Forensic Accounting and Litigation Support


  • Provided litigation accounting services (both prosecution and defense) in cases involving preference and fraudulent conveyance transfers, breach of contract, collection, valuation, directors and officers breach of duty, and professional (accounting and auditing) malpractice
  • Testified as an expert witness in accounting malpractice actions and preparation of Rule 26 reports
  • Licensed to practice as attorney in New York and the U.S. District Court for the Southern District of New York
  • Registered mediator for the U.S. Bankruptcy Court for the Southern and Eastern Districts of New York

Professional Affiliations

  • American Institute of Certified Public Accountants member
  • New York Society of Certified Public Accountants member
  • American Bankruptcy Institute member
  • New York State Bar Association, Bankruptcy Law Committee member
  • Association of the Bar of the City of New York member
  • Association of Insolvency and Restructuring Advisors member
  • Turnaround Management Association of New York and Connecticut member
  • U.S. Bankruptcy Court for the Southern and Eastern Districts of NY register of mediators member

Education

  • Juris Doctor
    Brooklyn Law School
  • Master of Business Administration, with distinction
    New York University
  • Bachelor of Science, magna cum laude
    Syracuse University