Gus Paloian

Mr. Gus A. Paloian is a partner with a practice emphasis in creditors’ rights, bankruptcy, and financial litigation. Prior to joining the firm in 1985, Mr. Paloian clerked for the Honorable Frederick J. Hertz, United States Bankruptcy Judge for the Northern District of Illinois, Eastern Division. In bankruptcy matters, Mr. Paloian often represents national banks and finance companies enforcing their remedies and defending their rights.

He represents financial institutions in cases involving debtors in various segments of the manufacturing and service industries and has extensive experience representing financial institutions in real estate bankruptcies, including health club/sporting facilities, office buildings, retail, manufacturing, and warehousing facilities. Mr. Paloian also represents companies in various industries that have experienced financial problems and seek to restructure their financial problems under the Bankruptcy Code.

Mr. Paloian was the lead bankruptcy counsel for the Chicago South Shore and South Bend Railroad in its bankruptcy proceedings. Mr. Paloian also serves as a bankruptcy trustee and is a member of the Panel of Trustees for the Northern District of Illinois, Eastern Division and has extensive experience serving as a bankruptcy trustee in complex bankruptcy cases.

Education:

• J.D., DePaul University College of Law (1984)
• B.A., Northwestern University (1981)
• Certified Lean Six Sigma Yellow Belt

Affiliations:

• National Association of Bankruptcy Trustees
• National Association of Federal Equity Receivers
• American Bankruptcy Institute
• Turn Around Management Association
• Chicago Bar Association (Bankruptcy Committee)
• Illinois Bar Association
• American Bar Association