Top Rated Bankruptcy Attorney in Cleveland, OH

Newsletters

• 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

Honors/Awards

• "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

Videos

• Karl Beus (Chair, Commercial and Public Finance Group), Gus Kallergis (Co-Chair, Business Restructuring and Insolvency Group), Ann Seger (Partner, Commercial and Public Finance Group), and Mara Cushwa (Chair, Real Estate Law Group) hosted a discussion focused on how businesses can best navigate the financial stress that they and their business partners may be experiencing as a result of the COVID-19 pandemic. Topics included: rights and options when the business, or a contractual counterparty, is unable to pay or perform under a contract; managing contractual counterparty risk generally, including the possibility of a counterparty’s insolvency or bankruptcy; strategies for maintaining and maximizing liquidity; and covenant compliance and potential defaults under financing agreements, commercial leases and other material agreements., Neutralizing Financial Distress in the Time of COVID-19, 2020

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