Founder of Value Recovery Group Passes Away

Barry Fromm, the founder, chairman and chief executive of Value Recovery Group, passed away last week following a stroke. He was 68.

Value Recovery Group is an asset management and consulting firm that has managed more than $6 billion of judgments, deficiencies, and charge-offs, according to the company’s website. Value Recovery owned and operated more than two dozen different companies, employing hundreds of people across Ohio. Before forming Value Recovery Group, Fromm was corporate counsel for a savings and loan association, worked as a consultant, and worked as an asset valuation and management consultant for Resolution Trust Corp.

Among the clients that worked with Value Recovery Group were the Ohio Attorney General’s office, the Department of Education, and the Export-Import Bank of the United States.

Fromm earned a law degree from the University of Akron and a bachelor’s degree in business administration from Butler University.

From his obituary:

Barry did not break the rules. He changed them, by creating a new paradigm and a lens through which to see the world. He brought impact to thousands of people. Through his business pursuits, his political involvement, his personal relationships, and his approach to service in society-Barry always found a way to break the mold, instead.

Bob Weltman, from Weltman Weinberg & Reis, posted the following tribute to Fromm:

Barry and I met in the late 80’s/early 90’s when we became partners in the collection of bad debt from the failed Savings & Loan industry(RTC).
Barry has always been 1 of my favorite persons in the Debt Collection industry which covers over 55 years.
Our partnership ended years ago but Barry made it a point to stay in touch on a regular basis. He will surely be missed and I’ll miss him personally.L ong time good friends in this industry don’t come along very often

Fromm is survived by his wife, Lynda, his son Jordan, and his sister, Peggy Brin.