Calfee’s Business Restructuring and Insolvency lawyers have worked on some of the most challenging restructuring matters across the country, collaborating with clients to structure creative and successful solutions to complex and difficult restructuring engagements that meet the clients’ objectives. Our lawyers have well-rounded practices and routinely represent all the major constituencies in bankruptcy proceedings and out-of-court workouts, including debtors, creditors’ committees, unsecured creditors, trustees, debtholders, asset and debt purchasers and financial institutions.
Calfee understands that these business restructuring and insolvency engagements require an understanding of both the underlying business issues that led to the distress and the limited resources, including time and money, available for a solution. We provide effective and efficient representation, based on decades of business restructuring and insolvency experience, working with clients of all sizes. Because restructuring matters transcend many legal disciplines, Calfee’s Business Restructuring and Insolvency lawyers work seamlessly with lawyers in other practice areas, including Corporate and Finance, Commercial Lending, Public Finance, Commercial Litigation, Government Relations, and Employee Benefits and Executive Compensation, to coordinate efforts and tailor comprehensive solutions for our clients.
Moreover, Calfee’s Business Restructuring and Insolvency practice, which includes a former general counsel to two national retailers, has extensive business and legal experience in the distressed retail space, having represented retailers, lenders, creditors’ committees, mall owners/landlords and foreign and domestic vendors.
Gus Kallergis has been recognized for his work by Chambers USA in 2021 in Band 4 for Bankruptcy/Restructuring in Ohio. Chambers USA 2021 researchers commented, "[Gus] wins praise for his bankruptcy practice. He routinely advises on insolvency cases and is particularly noted for his representation of creditors." A client interviewed by Chambers USA researchers remarked, "Gus is a very smart and knowledgeable bankruptcy lawyer. He has terrific experience; his greatest strength is that he gives very practical advice. He is able to cut through the noise of a difficult matter and lead to a successful solution." Another client mentioned, "Gus did a fantastic job of breaking down jurisdictional differences and guiding us through the process."
James M. Lawniczak has been recognized as a Senior Statesperson by Chambers USA 2021 in Bankruptcy/Restructuring in Ohio. Chambers USA researchers noted, "Clients of James Lawniczak benefit from over four decades of experience in high-stakes corporate bankruptcies, including notable strength in restructuring plans, workouts, refinancings and transactional work. He is held in particular high esteem for his experience in the retail and industrial sectors." Clients interviewed by Chambers USA researchers said, "He is a really smart person and an academic; he is good on complex work." Another client mentioned, "He has a strong intellect and is definitely a subject matter expert."
U.S. News – Best Lawyers® “Best Law Firms” Rankings
Calfee was selected for inclusion in the 2022 "Best Law Firms" rankings by U.S. News – Best Lawyers in Bankruptcy and Creditor - Debtor Rights / Insolvency and Reorganization Law (National Tier 2, Regional Tier 1 Cleveland, and Regional Tier 3 New York City) and in Litigation - Bankruptcy (Regional Tier 2 Cleveland).
IFLR1000 (United States), Guide to the World's Leading Financial and Corporate Law Firms and Lawyers
Calfee was selected for inclusion in IFLR1000 – Guide to the World's Leading Financial and Corporate Law Firms 2021-2022 in the area of Restructuring and Insolvency (Tier 2 – Ohio).