Turnaround Underground was founded in January 2010 to provide networking opportunities for midlevel restructuring professionals.

Turnaround Underground provides a networking forum for midlevel restructuring professionals employed by law firms, investment banks and financial institutions, accounting and financial advisory firms and companies that provide vendor services, enabling them to meet their peers from other such organizations, to learn about professional opportunities, educate themselves on how their peers view pertinent issues in restructuring, share ideas, and build their professional and social networks.