People: Gus A. Paloian, Partner

Photo of Gus A. Paloian, Partner

Gus A. Paloian

Partner

Chicago
Direct: (312) 460-5936
Fax: (312) 460-7936
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Mr. 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.  He also has extensive experience representing trustees in complex bankruptcy cases.    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.

 

Mr. 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.  He also has extensive experience representing trustees in complex bankruptcy cases.    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.

 

Education

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

Admissions

  • Illinois

Affiliations

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

Representative Engagements

  • Buddha Entertainment, LLC v. Paloian, 12 C 5059 (N.D. Ill. 2012)
  • Paloian v. Geneva Seal, Inc. (In re Canopy Fin., Inc.), 12 C 145, 12 C 147 (N.D. Ill. 2012)
  • In re River West Plaza-Chicago, LLC., 664 F.3d 668 U.S. App. (7th Cir. 2011)
  • Schwab v. River West-Chicago, LLC (In re River West Plaza-Chicago, LLC.) 10 C 7277 (N.D. Ill 2011)
  • Paloian v. American Express Co. (In re Canopy Fin., Inc.), 11C 5360 (N.D. Ill. 2011)
  • Paloian v. Grupo Serla S.A. de C.V., 07 C 396 (N.D. Ill. 2010)
  • Paloian v. LaSalle Bank, N.A., 619 F.3d 688 U.S. App. (7th Cir. 2010)
  • In re Shethi, 07 B 05886 (N.D. Ill. 2008)
  • Paloian v. Grupo Serla S.A. de C.V. (In re GGSI Liquidation, Inc.), 01 B 31751 (N.D. Ill. 2006)
  • Corporate Assets, Inc. v. Paloian, 368 F.3d 761 U.S. App. (7th Cir. 2004)
  • In re Chavin, 150 F.3d 726 U.S. App. (7th Cir. 1998)
  • In re 801 South Wells Street Limited Partnership, 192 BR 718 (Bankr. N.D. Ill. 1996)
  • In re Sardo Corporation (Borock as Trustee v. Turner Construction Company), 1996 WL 362756 (Bankr. N.D. Ill. 1996)
  • Northern Trust v. VIII S. Michigan Assoc., 276 Ill. App. 3d 355, 657 N.E.2d 1095 (1st Dist. 1995)
  • Zerand-Bernal Group v. Cox, 23 F.3d 159 U.S. App. (7th Cir. 1994)
  • In re VIII South Michigan Associates, 145 B.R. 912 (N.D. Ill. 1992)
  • In Re: William Thomas Billings (Irving Federal Savings and Loan Assoc.) 146 B.R. 431 (Bankr. N.D. Ill. 1992)
  • Home Savings Association of Kansas City, F.A. v. State Bank of Woodstock, 763 F. Supp. 292 (N.D. Ill 1991)
  • In re William J. Stoecker (Citibank, N.A. v. Park Kenilworth Industries), 109 B.R. 321 (N.D. Ill. 1989)