Steven B. Chaiken


Partner Shareholder

Phone Number: 312-435-1050


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Steve joined the firm in January 2007 and focuses his areas of practice in business bankruptcy, reorganization, workouts and commercial litigation. Steve is a 1997 graduate of the University of Illinois, and graduated from the University of Illinois College of Law in 2000 cum laude.

Prior to joining the firm, Steve served as the general counsel for a telecommunications company in South Florida with annual revenues exceeding $150 million. Steve successfully assisted the company through a lengthy chapter 11 which resulted in a confirmed plan of reorganization.

Since joining Adelman & Gettleman, Steve has handled a wide range of matters and represented a variety of different clients, including individual debtors in chapter 7 bankruptcy cases, a real estate developer in a complex individual chapter 11 bankruptcy case, several corporate debtors in both chapter 7 and chapter 11 bankruptcy cases, and numerous individual and corporate clients in out-of-court work outs, including assignments for the benefit of creditors.

Steve became a partner in January, 2013. He was named a "Leading Lawyer" by Leading Lawyers in 2018 after being named an "Emerging Lawyer" in 2015, 2016 and 2017. He was named as a "Rising Star" in the Illinois Super Lawyers Publication in 2010, 2011, 2012, 2013, 2014 and 2015. Steve received a Martindale Hubbell peer review rating of "AV Preeminent". In addition, Steve received a client distinction award from Martindale Hubbell. Steve is also a member of the American Bankruptcy Institute's 2019 Central States Workshop Advisory Board.

Among various other matters, Steve has successfully:
- Obtained the entry of a non-dischargeable judgment in an amount of $1.5 million in favor of his client.
- Vacated judgments entered pursuant to confession of judgment provisions appearing in clients' loan documents.
- Assisted numerous individuals in receiving a discharge, notwithstanding objections to same.
- Settled numerous preference and fraudulent transfer actions.
- Advised corporate directors and officers in complying with fiduciary duties.
- Negotiated forbearance agreements for financially distressed companies.

Steve resides in Glenview, with his wife, two young children and their labradoodle, Shaggy.