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Gus Kallergis

Attorney Profile

Top Rated Bankruptcy Attorney in Cleveland, OH

Calfee, Halter & Griswold LLP
1405 East Sixth Street
Cleveland, OH 44114
Phone: 216-622-8610
Fax: 216-241-0816
Email: Gus Kallergis
Selected to Super Lawyers: 2017 - 2022
Selected to Rising Stars: 2010, 2012 - 2013
Licensed in Ohio Since: 1999
Practice Areas: Bankruptcy: Business, Creditor Debtor Rights: Business, Mergers & Acquisitions
Attorney Profile

Gus Kallergis, a Partner and Co-Chair of Calfee's Business Restructuring and Insolvency Practice Group, has significant experience with both large and middle market Chapter 11 and business restructuring and commercial matters.

Gus focuses primarily on corporate restructuring, commercial and creditors’ rights, workouts, distressed sales and acquisitions and other insolvency-related matters. He has experience representing borrowers, debtors, directors, creditors, buyers of assets and businesses, secured lenders, ad hoc bondholder committees, official creditors’ committees, Chapter 7 trustees, lessors, lessees and other parties in commercial, distressed or insolvency-related transactions and litigation both inside and outside of bankruptcy.

Gus regularly represents lenders in DIP financing, workouts, loan sales, debt to equity conversion strategies, and collateral dispositions through U.C.C. Article 9 (secured party sales/friendly foreclosure), bankruptcy and receivership.

Gus also has extensive experience representing borrowers and lenders in commercial finance matters and also counseling clients with Uniform Commercial Code issues and controversies.

A substantial portion of Gus’ practice is devoted to representing buyers interested in acquiring assets out of bankruptcy, receivership and other distressed situations, including secured party sales.

Gus has been listed as an "Up and Coming" attorney in Chambers USA: America's Leading Lawyers for Business. He has been selected for inclusion in The Best Lawyers in America© (2016-2021) in the areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law as well as Litigation - Bankruptcy. Gus also has been selected to the Ohio Super Lawyers list (2017-2021).

Gus is a director (2014 – present) and currently the President of the Northern Ohio Chapter of the Turnaround Management Association and a member of the Bankruptcy and Commercial Law Section of the Cleveland Metropolitan Bar Association, the American Bankruptcy Institute and ACG Cleveland.

He serves on the Parish Council at Saints Constantine and Helen Greek Orthodox Cathedral. He is a trustee of the Cleveland AHEPA Scholarship Fund. Gus also serves on the board of the Shaker Youth Hockey Association (President, 2019-2021).

Before joining Calfee in 2008, Gus was an associate at Jones Day. He became a Calfee partner in 2011.

About Gus Kallergis

First Admitted: 1999, Ohio

Professional Webpage:


  • In these problematic circumstances, manufacturers and distributors face challenges to avoid incurring unnecessary significant accounts receivable losses by forming an internal and external experienced, capable team with the necessary expertise to anticipate and effectively respond on a real-time basis to write-down risks as and when they arise before and during bankruptcy cases., Developing a Systematic Action Plan for Managing Revenue Risk Posed by Financially Challenged and Bankrupt Customers
  • Sellers of goods must take actions to the extent practicable to qualify as administrative creditors to receive 100% payment on claims in bankruptcy cases and to thus avoid the status of mere general unsecured creditors, junior to claims of secured lenders and on equal footing with other unsecured creditors. Lamentably, in most bankruptcy cases, sellers with mere general unsecured claims recover typically only pennies on the dollar. However, there are steps that sellers may take to avoid the certain losses associated with holding a general unsecured claim and to preserve their ability to claim entitlement to a higher priority and 100% recovery., Legal Strategies for Vendors Coping With Financially Challenged and Insolvent Customers


  • "Up and Coming" Attorney, Chambers USA
  • Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Litigation - Bankruptcy, The Best Lawyers in America©, 2021
  • Ohio Super Lawyers, 2021

Representative Clients

  • Burlington Industries
  • The Chardon Rubber Company
  • Concord Steel
  • Dana Corporation
  • Levitz Home Furnishings
  • National Century Enterprises
  • NexPak Corporation
  • Oglebay Norton Company
  • PLVTZ Inc.
  • USG Corporation

Bar/Professional Activity

  • Ohio
  • U.S. District Court for the Northern District of Ohio
  • U.S. District Court for the Southern District of Ohio
  • U.S. District Court for the Eastern District of Michigan
  • American Bankruptcy Institute, Member, 2021
  • Turnaround Management Association, Board Member of Northern Ohio Chapter, 2021
  • Association for Corporate Growth (ACG) Cleveland, Member, 2021
  • Cleveland Metropolitan Bar Association, Member, 2021

Educational Background

  • J.D., magna cum laude, University of Notre Dame Law School, Articles Editor, Notre Dame Law Review, 1999
  • B.A., Yale University, 1996


Pro bono/Community Service

  • Saints Constantine and Helen Greek Orthodox Cathedral, Parish Council, 2021
  • Cleveland AHEPA Scholarship Fund, Trustee, 2021
  • Shaker Youth Hockey Association, President and Board Member, 2021
  • Shaker Heights Country Club, Board Member, 2020

Industry Groups

  • Banking
  • Financial Services
  • Insurance
  • Manufacturing And Industrial
  • Private and Family-Owned Businesses
  • Private Equity
  • Public Companies
  • Retail And Consumer Products
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Office Location for Gus Kallergis

1405 East Sixth Street
Cleveland, OH 44114

Last Updated: 5/15/2022

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