Vedder Price

Michael Leifman

Associate

Michael Leifman is an Associate in Vedder Price’s Chicago office and a member of the firm’s Insolvency, Bankruptcy & Corporate Reorganization practice group.

Mr. Leifman represents clients of all sizes across several different industries in bankruptcy proceedings, creditor’s rights disputes, commercial foreclosures and distressed debt workouts, as well as in related state and federal court litigation and arbitrations.  Mr. Leifman strives to provide his clients with legal strategies which allow them to make informed, effective and financially prudent business decisions.

Creditor’s Rights, Insolvency, Bankruptcy & Corporate Reorganization

Mr. Leifman frequently represents traditional and nontraditional lenders, businesses, lessors and debt buyers in connection with contract and receivable disputes, asset sales, debt modification and forbearance agreements, leasing matters, collateral repossession efforts, Uniform Commercial Code issues and other collection and liquidation actions.

Mr. Leifman regularly asserts and protects the rights of lenders, trade creditors and asset buyers in bankruptcy and other insolvency proceedings.  His work includes negotiating cash collateral orders and Section 363 sale transactions and litigating stay relief disputes, dismissal motions, adequate protection claims and avoidance actions and other adversary proceedings.  Mr. Leifman has represented Chapter 7 Trustees and court-appointed receivers in connection with their efforts to preserve and monetize distressed businesses’ assets.

Mr. Leifman has experience with businesses across several different trades, including banking, lending, finance, food/beverage, software, retail, automotive, transportation, hospitality, staffing and real estate. He also has extensive experience advising lenders on debt enforcement and workouts concerning loans made under the United States Small Business Administration’s loan programs.

Litigation and Real Estate

Mr. Leifman represents clients in a wide variety of industries across all stages of litigation, including pre-suit resolution efforts, court proceedings, mediation, arbitration and post-judgment enforcement efforts. He has substantial real estate litigation experience, having represented lenders, mortgagors and court-appointed receivers in real estate foreclosures, as well as landlords, developers and tenants in leasing and construction disputes.  Mr. Leifman has also documented and negotiated mortgages and related loan documents and modification agreements.

Mr. Leifman was selected as one of Thompson Reuters’ 2024 Super Lawyers Rising Stars.

In addition to his work for the firm, Mr. Leifman has served as a Member of the Bankruptcy Court Liaison Committee for the Northern District of Illinois since August of 2022.

Mr. Leifman graduated from DePaul University College of Law where he received the CALI Excellence for the Future Award for the Legal Professions course. He received his undergraduate degree from Indiana University.

Michael Leifman

Associate

Education

  • DePaul University College of Law, J.D., 2016
  • Indiana University, B.S., 2013

Michael Leifman

Associate

Bar Admissions

  • Illinois, 2016

Court Admissions

  • U.S. District Court, Northern District of Illinois, 2016
  • U.S. Bankruptcy Court, Northern District of Illinois, 2016

Affiliations

Member, American Bankruptcy Institute

Member, N.D. IL Bankruptcy Court Liaison Committee

Michael Leifman

Associate

Experience

  • Represents the Chapter 7 Trustee in the bankruptcy of Central Grocers, once the seventh largest food cooperative in the country.
  • Represented Court-appointed receiver of nationally-branded hotel and related real estate.
  • Obtained appointment of court-appointed receiver over construction and fabrication services company
  • Obtained preliminary injunction restricting the use of 60+ commerical vehicles pledged as collateral for loan.
  • Obtained pre-trial dismissal of substantial fraud-based lender liability claims.
  • Obtained millions of dollars of summary judgments in favor of lenders against obligors under promissory notes and related guaranties.
  • Obtained Court approval of numerous commercial real estate foreclosure sales on behalf of lenders
  • Negotiated and executed several loan workouts, modifications and collateral sales for banks and debt buyers.
  • Represented medical staffing company in dispute over unpaid invoices and improper poaching of staff