Bruce C. Scalambrino

Phone: (312) 629-0547 Facsimile: (312) 629-0550 Email: bcs@sacounsel.com

My practice is limited to representing businesses, high net-worth individuals, bankruptcy trustees, creditors’ committees, assignees, union health, welfare and pension funds, landlords and attorneys in out-of-court restructuring of debt, bankruptcy, and assignments for the benefit of creditors in Chicago and throughout the United States. On the litigation side of these issues, we have substantial experience defending and prosecuting preference and fraudulent conveyance actions, corporate “veil-piercing” actions, officer and director fraud and breach of fiduciary duty litigation, and the rejection of union collective bargaining agreements under the provisions of the United States Bankruptcy Code. I have spoken on these issues at various bar association seminars and published articles in the Illinois Bar Journal and the Chicago Bar Association Magazine.

Recent Matters Include

Represented the Prevailing Defendants in a Case of First Impression Before the United States Court of Appeals for the Seventh Circuit, Establishing the Commencement Date of Avoidance Action Statute of Limitations Upon the Appointment of a Chapter 7 Bankruptcy Trustee
Represented the Debtor in an Out-of-Court Liquidation of Its Appliance Stores and Warehouses, Resulting in the Full and Complete Release of the Owners’ Guaranty Obligations to Their Lenders
Successful Renegotiation of $35 Million of Bank Debt for a Commercial Real Estate Developer
Defeated an Attempt by a Debtor To Reject a Collective Bargaining Agreement in the United States Bankruptcy Court for the Northern District of Illinois
Represented the Debtor in the Sale of Its American Business and Mexican Operating Subsidiary Through an Assignment for the Benefit of Creditors
Represented the Purchaser in the Purchase of Substantially All of the Assets of a Chapter 11 Debtor in Indianapolis, IN
Represented Unofficial Committee of Debenture Holders in Major Real Estate Chapter 11 Case in Puerto Rico
Represented Official Unsecured Creditors Committee in Major Food Distributor Chapter 11 Case

– Represented Multiple Defendants in State Court Preference and Fraudulent Conveyance Litigation Brought Under the Ohio Insurance Liquidation Statutes
– Represented an Officer and Director of a Large Financial Institution in a Lawsuit Alleging Breach of Various Fiduciary Duties

Bar Memberships and Professional Organizations

Admitted To Practice in the States of Illinois (1986) and Ohio (1982)
Admitted To Practice Before Both the Seventh and Sixth Circuit Courts of Appeal and United States District Courts for the Northern Districts of Illinois and Ohio
Member of the Federal Trial Bar
Member of the Chicago and Illinois State Bar Associations
Member of the Chicago Bar Association’s Bankruptcy and Insolvency Committee
Member of the Commercial Law League of America’s Bankruptcy and Insolvency Section
Member of the American Bankruptcy Institute

Education

Juris Doctor, Case Western Reserve University School of Law, Cleveland, OH (June 1982)
Bachelor of Arts, Baldwin-Wallace College, Berea, OH (June 1978)

Recent Publication

Representing a Creditor in an Assignment for the Benefit of Creditors, 92 Illinois Bar Journal 273 (May 2004)
How Recent Changes to the Bankruptcy Code Impact the Non-Bankruptcy Attorney’s Practice, 93 Illinois Bar Journal 518 (October 2005)

Areas of Practice

Bankruptcy Law
Business and Commercial Law
Litigation and Appeals
Reorganizations

Disclaimer

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

All photographs were taken by Roark Johnson and provided courtesy of our client, Shoreline Sightseeing.

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