Michael M Eidelman

Practice Areas

Mr. Eidelman concentrates his practice in bankruptcy and insolvency matters and has acted as lead counsel for debtors, secured and unsecured creditors, chapter 7 and 11 trustees, landlords, purchasers of assets, and creditors’ and bondholders’ committees. In addition, Mr. Eidelman represents companies, creditors, court-appointed receivers and assignees for the benefit of creditors in out-of-court restructurings and liquidations. Mr. Eidelman also represents officers and directors of financially distressed companies. He has substantial litigation experience in all aspects of creditors’ rights, in both U.S. state and federal jurisdictions and in cross-border transactions in Canada and Mexico.

Mr. Eidelman was appointed by the U.S. District Court for the Northern District of Illinois as Receiver in U.S. Commodity Futures Trading Commission v. Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr. (Case No. 1:12-cv-05383) ($200 million fraud) and the “Special Master” by the United States Government in United States of America v. All Business Assets of the Viceroy L’Ermitage Beverly Hills et al., pending in the United States District Court for the Central District of California (Case No. CV 16-5369-DSF-PLA) (relating to the alleged multibillion-dollar 1MDB fraud).

Mr. Eidelman is a member of the Turnaround Management Association and the Chicago, Illinois and American Bar Associations. He served as a member and Co-Chairman of the Bankruptcy Court Liaison Committee, which was established to address issues concerning bankruptcy judges and lawyers in the Northern District of Illinois. He is also a frequent speaker and author on numerous bankruptcy-related issues.

Professional Memberships

Member, Turnaround Management Association

Member, American Bankruptcy Institute

Member, Chicago Bar Association

Member, Illinois State Bar Association

Member, American Bar Association

Former Member (Chair), Bankruptcy Court Liaison Committee