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Insolvency & Reorganization

Led by nationally-recognized experts in bankruptcy, insolvency and debtor-creditors’ rights law, Jaffe is among the largest and most respected insolvency and reorganization practice groups in the Midwest.

Jaffe attorneys represent clients in bankruptcy and related judicial proceedings; commercial lending and refinancing transactions; out-of-court workouts, reorganizations and liquidations; receiverships; and insolvency-related litigation, such as preference and fraudulent transfer litigation. We have extensive experience in a wide array of industries—retail, manufacturing, logistics, non-profit, real estate, healthcare, franchise, and steel to name a few. Additionally, we are especially well-versed in automotive insolvency matters, having been involved in virtually every major automotive bankruptcy case over the past 40 years 

Our size and experience enable us to handle even the largest and most complex matters. We assist our clients—including borrowers, creditors’ committees, institutional lenders, trade creditors, equipment lessors, landlords, insurers, asset purchasers, equity holders, trustees, and receivers—in insolvency-related proceedings nationwide. Our attorneys are leaders in local and national bar organizations dedicated to bankruptcy, insolvency, and debtor-creditors’ rights law, and are frequently invited to write or speak on their areas of expertise.

Service Index

  • Bankruptcy (chapters 7, 9, 11, 12 and 13)
  • Complex secured transactions
  • Creditors committee representation
  • Creditors’ rights
  • Debtor in possession and exit financing
  • Distressed sales and acquisitions
  • Equity security holders committee representation
  • Financial institution representation
  • Forbearance arrangements
  • Foreclosures (real and personal property)
  • Litigation
  • Municipal restructuring
  • Out-of-court workouts and liquidations
  • Preference and fraudulent transfer litigation
  • Receiverships
  • Troubled supplier negotiations
  • Trusteeships and trustee litigation
  • Trust mortgages and assignments for the benefit of creditors
  • Unsecured and trade creditor representation

Insolvency & Reorganization

Insolvency & Reorganization

News & Representative Matters

November 14, 2019

22 Jaffe Attorneys Named as 2020 Top Lawyers by Dbusiness

SOUTHFIELD, MICH., November 14, 2019 – Jaffe Raitt Heuer & Weiss, P.C. CEO Jeffrey M. Weiss announced that 22 attorneys were recognized as 2020 Top Lawyers by DBusiness. The Top Lawyers list is compiled via a peer review survey, polling nearly 20,000 attorneys in Wayne, Oakland, Macomb, Washtenaw and Livingston counties. Each attorney was asked ...

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August 15, 2019

26 Jaffe Attorneys Named as 2020 Best Lawyers in America

SOUTHFIELD, MICH. – Jaffe Raitt Heuer & Weiss, P.C. CEO Jeffrey M. Weiss announced that 26 attorneys were recognized as 2020 Best Lawyers in America©, by the oldest and most respected peer-review publication in the legal profession. According to Best Lawyers©, the lists are compiled by conducting exhaustive peer-review surveys in which ten of thousands ...

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June 13, 2019

Jaffe Names Schehr as Financial Services Practice Group Leader

SOUTHFIELD, MICH. – Alicia Schehr, partner at Jaffe Raitt Heuer & Weiss. P.C., a leading Michigan business law firm, was named practice group leader of the firm’s Financial Services Practice Group. Jaffe CEO Jeffrey Weiss made the announcement. In her new role, Schehr will manage the firm’s professionals and resources with the goals of providing clients ...

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November 5, 2018

24 Jaffe Attorneys Recognized as Top Lawyers by DBusiness Magazine

SOUTHFIELD, MICH. – DBusiness magazine has selected 24 Jaffe attorneys in 21 practice areas as Top Lawyers for 2019. Jaffe CEO Jeffrey Weiss made the announcement. DBusiness’ annual Top Lawyer list is a comprehensive ranking of attorneys from across southeastern Michigan. The award is based on a peer-reviewed survey sent to attorneys from Livingston, Macomb, Oakland, ...

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Representative Matters

Debtor Representation

  • Go Frac, LLC – Out of court wind-down of oil field services company with over $200 million in indebtedness.
  • In re Ultimate Acquisition Partners, L.P. – National electronics retailer with 46 stores in over a dozen states and over $420 million in gross sales.
  • In re Sturgis Iron & Metal Co., Inc. – Scrap metal recycling company operating nine facilities in three states.
  • In re McLouth Steel – $500 million per year steel producer.

Unsecured Creditors’ Committee Representations

  • In re Great Lakes Comnet, Inc. – Telecommunications company with $25 million in secured indebtedness and $6 million in unsecured trade debt.
  • In re Detroit Tarpaulin, Inc. – A leading manufacturer of commercial tarps and cofferdams.
  • In re Hadi Group Distributors, Inc. – Petroleum supplier, jobber, and distributor.
  • In re Innatech, LLC – Tier II automotive supplier specializing in multi-shot plastic injection molding.
  • In re Communication Access Center for the Deaf and Hard of Hearing, Inc. – Non-profit corporation with over $35 million in annual revenues.
  • In re Noble International, Ltd. – Tier II automotive supplier of flat, tubular, shaped and enclosed formed structures.
  • In re Gainey Corporation – $300 million per year national freight and logistics company.
  • In re BHM Technologies Holdings, Inc. – Automotive supplier with $400 million in annual revenues.

Municipal Representations

  • In re City of Detroit – Representation of monoline bond insurer of over $2.5 billion in bond indebtedness.
  • City of Highland Park – Representation of the municipality with respect to Public Act 436 neutral evaluation and plan process.

Secured Lender Representations

  • Counsel to multiple financial institutions, asset based lenders and equipment leasing companies in a broad spectrum of chapter 11 cases involving a wide array of industries.

Asset Purchaser Representations

  • Novixus, LLC – Represented purchaser of mail order pharmaceutical company in distressed out-of-court acquisition.
  • In re Coco Beach Golf & Country Club – Represented purchaser of golf and country club in Puerto Rico operating under the name of Trump International Golf Club Puerto Rico.
  • In re El Comandante Management Company – Represented purchaser of thoroughbred race track.

Original Equipment Manufacturer and Automotive Representations

  • In re Future Die Cast Acquisitions, Inc. – Represented an original equipment manufacturer during the restructuring and transition of die cast operations in chapter 11.
  • In re GST AutoLeather, Inc. – Represented an original equipment manufacturer during the chapter 11 sale of a global automotive leather supplier.
  • In re Fisker Automotive Holdings, Inc. – Represented an original equipment manufacturer during the chapter 11 sale of an electric vehicle manufacturer.
  • In re Exide Technologies, Inc. – Represented an original equipment manufacturer during the chapter 11 sale of a global battery supplier.
  • In re Chassix Holdings, Inc. – Represented an original equipment manufacturer during the chapter 11 restructuring of a global chassis and machining supplier.
  • In re A123 Systems, Inc. – Represented an original equipment manufacturer during the chapter 11 sale of an automotive battery supplier.
  • In re Contech, LLC – Represented original equipment manufacturer during the chapter 11 sale of a maker of die cast components.
  • Represented several Tier I and Tier II automotive suppliers in the bankruptcy cases of General Motors Corporation (S.D.N.Y.), Chrysler Corporation (S.D.N.Y.), Visteon Corporation (D. Del.), Lear Corporation (S.D.N.Y.), Metaldyne Corporation (S.D.N.Y.), Delphi Corporation (S.D.N.Y.), Plastech Engineered Products (E.D. Mich.) and Collins & Aikman Corporation (E.D. Mich.), among others.
  • In re Dura Automotive Systems, LLC. – Represented an original equipment manufacturer during the chapter 11 restructuring and sale of a leading independent designer and manufacturer of automotive systems.