Areas of Expertise

  • Bankruptcy Proceedings
  • Borrower and Lender Advisory
  • Cash Flow Projections
  • CRO
  • Damages & Lost Profit Analysis
  • Financial Advisor
  • M&A
  • Receiver
  • Section 363 Sale
  • Turnarounds / Restructuring


  • Construction
  • Healthcare
  • Hotel & Resorts
  • Real Estate
  • Retail

Prominent Cases

  • CRO of Club One Casino, Inc. 
  • Financial Advisor to the Ch. 11 Trustee of Swift Air, LLC
  • Financial and Restructuring Advisor to Herbst Gaming INC.
  • Court Appointed Receiver for portfolio of five RV Resorts


  • BS Arizona State University


  • CPA
  • CIRA
  • CFE


  • 6 Years with Firm
  • 30 Years of Relevant Experience

Bill Hughes has 25 years of financial advisory experience covering most of the firm's service lines with an emphasis in the Bankruptcy & Restructuring and Forensic Accounting & Litigation Support practice areas. Bill has also served as a Chief Restructuring Officer and court-appointed receiver. Prior to joining GlassRatner (now doing business as B. Riley Advisory Services), Bill held senior leadership positions with XRoads Solutions Group, LLC; Mesirow Financial Consulting and the Corporate Recovery practice of KPMG, LLP.

In the Bankruptcy & Restructuring area, Bill has served as a financial advisor to both debtors and creditors in and out of formal bankruptcy proceedings. Bill has been involved in all aspects of the reorganization process including the formulation and evaluation of strategic restructuring alternatives, the development of proposed plans of reorganization and the disposition of assets. Bill has advised clients in a variety of industries including gaming/hospitality, healthcare, manufacturing, construction and real estate. He also has extensive experience in working on sales or other fundamental transactions in distressed situations or Chapter 11 cases, including Section 363 asset sales.

Assignments in the Forensic Accounting & Litigation Support area have involved complex business conflicts in numerous matters including breach of contract, consumer fraud, intellectual property, professional malpractice, and fraudulent conveyance assignments. Bill has previously been appointed as Receiver and as Chief Restructuring Officer and he has been retained to provide expert testimony with respect to a variety of issues including lost profits, fraud, cash collateral and valuation.

Mr. Hughes graduated from Arizona State University where he majored in Accounting and he is a licensed Certified Public Accountant in Arizona. Bill is also a Certified Insolvency and Restructuring Advisor and received his credential as a Certified Fraud Examiner from the Association of Certified Fraud Examiners. In 2014, Mr. Hughes was appointed by Governor Jan Brewer to the Maricopa County Commission on Trial Court Appointments to investigate, interview and evaluate applicants for judgeships. In 2017, Bill was granted a Portable Personal Key Employee License by the California Gambling Control Commission ("Commission") allowing him to serve as a key employee and/or officer at any gambling establishment operating within the purview of the Commission.

B. Riley Advisory Services works with lenders, law firms, private equity sponsors and companies of all types. Our Advisory Services are a unique mix of Valuation and Appraisal Services including asset-based lending (ABL) Valuations; Restructuring and Turnaround Management; Forensic Accounting and Litigation Support; Operations Management; Compliance, Risk & Resilience Services; and Transaction Support Services including Due Diligence and Quality of Earnings Reviews. B. Riley Advisory Services is the trade name for GlassRatner Advisory & Capital Group, LLC, Great American Group Advisory & Valuation Services, LLC, Great American Group Machinery & Equipment, LLC, and Great American Group Intellectual Property, LLC.