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David E. Galfus

Managing Director


David Galfus specializes in financial advisory services in bankruptcy matters and turnaround situations. His assignments have included strategic planning, cash management, business plan analysis, cost reduction, trade and investor relations, mergers and acquisitions, liquidations, recapitalizations, and restructurings. In addition, he has substantial experience in forensic analysis and related investigations.

With more than 30 years of financial restructuring and business experience, Mr. Galfus has advised creditors, management teams, boards of directors, secured lenders, and other constituent groups in roles ranging from financial adviser to interim management.

Mr. Galfus is a leader of BRG Capstone’s Creditor Rights Practice and has led recent assignments with AWI, Brookstone, Caché, dELiA*s, Ecko Unlimited, MF Global, Molycorp, Peabody Energy Corporation, Penson Worldwide, and Reichhold creditor committee engagements.

Since 2007, Mr. Galfus has served as president of the Refco, Inc. bankruptcy estate, successfully leading its wind down. He has been responsible for liquidating/selling assets, distributing billions of dollars to creditors, and interfacing with international affiliates, and has been instrumental in various investigations related to its causes of actions.

Before joining BRG Capstone, Mr. Galfus worked for 17 years in restructuring practices, with the last 11 years as a member in of his own firm. Previously, he was a senior manager in the audit practice of a Big Four firm for 10 years.


Pace University
BBA, Public Accounting

Employment History

Refco, Inc.

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Professional Affiliations

American Institute of Certified Public Accountants

New York State Society of Certified Public Accountants