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Overview

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 recognized for his work by Chambers USA in 2021 in Band 4 for Bankruptcy/Restructuring in Ohio. Prior to that, Chambers USA listed Gus as an "Up and Coming" attorney. 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."

He has been selected for inclusion to The Best Lawyers in America© (2016-2022) 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 serves as President of the Northern Ohio Chapter of the Turnaround Management Association. He is 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.

Honors & Recognitions

  • Chambers USA, Bankruptcy/Restructuring, Band 4 (2021)
  • The Best Lawyers in America©, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation - Bankruptcy (2016-2022)
  • Ohio Super Lawyers (2017-2021)

Education

J.D., magna cum laude, University of Notre Dame Law School, Articles Editor, Notre Dame Law Review, 1999

B.A., Yale University, 1996

Professional & Community

Professional & Community

  • American Bankruptcy Institute, Member
  • Turnaround Management Association, Board Member of Northern Ohio Chapter
  • Association for Corporate Growth (ACG) Cleveland, Member
  • Cleveland Metropolitan Bar Association, Member
  • Saints Constantine and Helen Greek Orthodox Cathedral, Parish Council
  • Cleveland AHEPA Scholarship Fund, Trustee
  • Shaker Youth Hockey Association, President and Board Member
  • Shaker Heights Country Club, Board Member (2018-2020)

Representative Clients

Representative Clients

Gus has represented numerous respective debtors including the following:

  • 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

Client Feedback

Client Feedback

  • "Gus Kallergis at Calfee was always the peacemaker in a contentious, pugnacious battle." Calfee client, as reported by U.S. News – Best Lawyers® in the 2021 “Best Law Firms” rankings report

News & Events

News

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Licensed In

  • Ohio 

Court Admissions

  • 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

"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."

Client quote from the Chambers USA 2021 Guide

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