Stephen T. Bobo
Stephen is a member of the Financial Industry Group, practicing in the area of Commercial Restructuring & Bankruptcy. His practice focuses on bankruptcy and workout matters, representing both debtors and creditors. He is regularly involved in various bankruptcies and other court proceedings, and also is involved with a number of out-of-court workouts. Stephen has served as an Equity Receiver in ten federal fraud cases, and often chairs arbitration proceedings and hearing panels to resolve disputes related to the commodity futures industry.
Representative Matters
Successfully reorganized various companies through chapter 11 proceedings, including a steel service center, a fast-track proceeding for a large commercial office building and an intermodal trucking company.
Representing the creditors' committee in the chapter 11 proceeding of a large Chicago area hotel.
Represented the FDIC in the chapter 11 proceeding of a real estate borrower.
On behalf of a mezzanine lender, carried out a UCC sale of the equity interests in the entities that owned a portfolio of real estate assets.
Represented lenders in various workouts and foreclosure situations ranging from ongoing businesses to liquidations of specific assets.
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Publications
- Quoted in "Quality Stores LBO Payouts Exempt From Suits: Court," LAW360, July 8, 2009
- Author, "'Settlement Payments' Ruling Has Broad Implications," LAW360, May 28, 2008
- Co-author, “When Your Customer Goes Belly-Up,” Journal of Accountancy, April 1999
Speeches / Presentations
- Speaker, "Mezzanine Loan Foreclosure in Real Estate Transactions," Strafford Webinar, May and November 2009
- Speaker at numerous groups of the American Bar Association, the Chicago Bar Association, various credit associations, and the National Association of Credit Management regarding commercial and bankruptcy-related topics
Experience
| 2007 | Reed Smith |
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| 2003 | Sachnoff & Weaver (combined with Reed Smith in 2007) |
| 1980 | Senior Trial Attorney for the U.S. Commodity Futures Trading Commission, Division of Enforcement |
| — | Frequently appointed by federal district judges to serve as equity receiver for companies subject to enforcement actions by federal regulatory agencies |
Legal Education
| 1980 | J.D., George Washington University National Law Center |
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Undergraduate Education
| 1977 | B.A., cum laude, Vanderbilt University |
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Professional Admissions / Qualifications
- Illinois
- District of Columbia (inactive status)
Court Admissions
- U.S. District Court - Central District of Illinois
- U.S. District Court - Northern District of Illinois
- U.S. District Court - Northern District of Indiana
- U.S. District Court - Eastern District of Michigan
- U.S. Court of Appeals - Seventh Circuit
Professional Affiliations
- American Bar Association, Section of Litigation and Section of Corporation, Banking and Business Law and Chicago Bar Association
- Recognized as Super Lawyer by Illinois Super Lawyers magazine, February 2006 and 2009
- Member, Turnaround Management Association