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Fred C. Caruso

Sr. Managing Director



B.A., University of Wisconsin-Madison


Illinois CPA Society
Association of Insolvency Accountants
American Bankruptcy Institute
Turnaround Management Association


Certified Public Accountant
Certified Insolvency and Reorganization Advisor

Fred Caruso has over thirty years of insolvency, restructuring and operational experience and currently is a Senior Managing Director of DSI.

Professional Profile

Fred’s experience is concentrated on the “debtor side,” typically serving either as the Financial Advisor, Chief Restructuring Officer, Chief Operating Officer, Chief Financial Officer, or as a Chapter 11 Trustee.  He has also provided expert testimony on accounting, forensic and valuation topics.

Mr. Caruso began his career in public accounting in the audit division of a Big Eight accounting firm (now Deloitte & Touche). For approximately two years, he served as President for Hilco Appraisal Services, LLP, the country’s largest provider of inventory and machinery valuations.

Select Engagements

Bill Heard Enterprises, BREED Technologies, Colfor and Colmach, Collins & Aikman, Commercial Financial Services, Gas City, Gentry, Giordano’s Enterprises, Mercury Finance, Montreal, Maine & Atlantic Railway, Oasis, Outboard Marine, Qualteq, Restaurant Management Services, Ritchie Risk-Linked Strategies, Richman Gordman Department Stores, Shape, Swallen’s, Tune-Up Masters, Valeo Electrical Systems