Steven B. Chaiken


Partner Shareholder

Phone Number: 312-435-1050


vCard: Download vCard

Mr. Chaiken joined the firm in January 2007 and focuses his areas of practice in business bankruptcy, reorganization and commercial litigation. Mr. Chaiken 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, Mr. Chaiken served as the general counsel for a telecommunications company in South Florida with annual revenues exceeding $150 million. Mr. Chaiken successfully assisted the company through a lengthy chapter 11 which resulted in a confirmed plan of reorganization.

Since joining Adelman & Gettleman, Mr. Chaiken 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.

Mr. Chaiken became a partner in January, 2013. He was named as a "Rising Star" in the Illinois Super Lawyers Publication in 2010, 2011, 2012, 2013, 2014 and 2015. He was named an "Emerging Lawyer" by Leading Lawyers in 2015, 2016 and 2017. Mr. Chaiken received a Martindale Hubbell peer review rating of "AV Preeminent". In addition, Mr. Chaiken received a client distinction award from Martindale Hubbell.

Among various other matters, Mr. Chaiken 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.