Michael asks Barry to track the Cayman bank account number he received from Derek Poole. While they are discussing this CSS agent Jason Bly shows up. He says can trace Michael to Barry’s illegal snooping, and he’s eager for revenge after Michael blackmailed and made him leave town. To make matters worse, Madeline has requested that Michael help her friend Paula, an assistant manager at a private bank; take care of a stalker named Prescott. Michael is followed by Bly to the bank, and sees Prescott arrive with four armed men and realizes too late that Prescott is actually a bank robber. Michael. All the bank patrons, including Bly and Michael, are taken hostage. Michael and Bly are going to have to work together if they are going to survive.

Michael and Bly decide to bury the hatchet after surviving the hostage situation. Michael gives Bly the blackmail folder in return for the information he needs about the Cayman bank account. Bly warns Michael that looking into the account set off a trip wire. Whoever owns the bank account knows Michael is coming.

Michael has identified the bomber who tried to kill him as Derek Poole so he contacts the arms dealer, Seymour, to help track him down. Seymour says he will help but needs cash to spread around. Michael is running low on money so he poses as a corporate espionage specialist to a job offered by Scott Chandler, a wealthy art dealer. Chandler found a bug in is office and is concerned that his competitors are hacking into his files. The job seems pretty simple until Michael finds out that the spying is being done by Chandler’s receptionist, Melanie. It turns out that Chandler represented Melanie’s artist father, J.D. Blake. Blake made threats to fire Chandler before he could sell one of Blake’s most expensive paintings. Mysteriously, Blake wound up dead and the painting was nowhere to be found.

In the mean time, Seymour helps Michael and Fiona kidnap Derek Poole. Poole tells them he is just a hired hand; the guy they actually after is his employer. All Poole can give them is a number to an account in the Caymans. The account number isn’t much, but it puts Michael closer to learning who wants him dead.

Sam asks Michael to meet with Sean, a former pro football player who is now a high school football coach in need of Michael’s services. One of Sean’s players, Corey Jensen, got into a fight with Felix Cole, the leader of a local gang of car thieves. Corey was projecting his sister and now Felix wants him dead. Michael and his team come up with a plan, pose as a rival gang and force Felix to leave town.

While this is going on Carla is pressing Michael to find the person who blew up his apartment and tried to kill him. Michael senses vulnerability, and he is actually a step ahead of her. Fiona finds the location of the bomber’s house, but walks into a fiery trap. Thinking Fiona has been killed, Michael is relieved when she walks back into his apartment and for an evening their passion is reignited.

After a very close call with an explosion at his apartment, Michael and Sam find themselves being chased by Carla’s men. The plan is to reorganize, but Michael finds himself coming to the rescue of his next client, Kenny, when he sees him step in front of a bus. Kenny had paid good amount of money to a doctor to help his sick son Jack, then found out the doctor was actually a scam artist.

Kenny’s story hits home with Michael so he agrees to help him get the money back he paid to the scam artists any way he can. Michael, Sam and Fiona capture and interrogate two low-level scammers in order to get to the mastermind of the operation, Rachel, a hardened thief whose specialty is targeting parents with sick children.

Their first plan backfires and Rachel flees, Sam worries that the job may be the only thing that is keeping Michael going. With the help of Fiona’s boyfriend Michael is able to locate Rachel’s house and get Kenny’s money back.

Michael has a face to face meeting with Carla, but gets another assignment instead of the answers he is seeking about his burn notice. The mission Carla gives him is to get a counterfeit copy of a high-tech security badge made. In the mean time, Sam introduces Michael to a new client, a woman who is being stalked by member of a drug cartel. The complexity of the job turns out to be greater than he originally anticipated, and the fact he must manage his job for Carla along with his mother’s insistence on attending counseling with her makes things even more challenging.

The season two premiere begins with Michael discovering that he has been recruited by the people behind his burn notice. Carla, his new handler, doesn’t waste any time making it clear that Michael will do as he is instructed or his family and friends will pay the price for his disobedience.

Michael’s new bosses want him to help Jimmy, a computer security tech, steal some data from a private security firm. To ensure cooperation they’re holding Jimmy’s family hostage. With Sam and Fiona’s help Michael comes up with a plan to get the data and save Jimmy’s family. This is Michael’s first step towards finding out who his new employers are and what their intentions are.