Top Rated Bankruptcy Attorney in Cleveland, OH
Selected to Rising Stars: 2010, 2012 - 2013
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: https://www.calfee.com/professionals-gus-kallergis
- "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
- 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
- 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
- J.D., magna cum laude, University of Notre Dame Law School, Articles Editor, Notre Dame Law Review, 1999
- B.A., Yale University, 1996
- 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
- Financial Services
- Manufacturing And Industrial
- Private and Family-Owned Businesses
- Private Equity
- Public Companies
- Retail And Consumer Products
Last Updated: 5/15/2022