Steve Chaiken joined Adelman & Gettleman in January 2007 and became a partner in January 2013. Steve focuses his practice in assisting financially distressed companies and business owners resolving their financial issues. Whether through settlements, out-of-court workouts or formal insolvency proceedings (including assignments for the benefit of creditors or Chapter 7 and 11 bankruptcy cases), based on his now more than 20 years’ experience of practicing law, Steve is able to work with his clients, quickly understand their goals, and develop a strategy aimed at effectuating practical and cost-efficient solutions.
Prior to joining the Firm, Steve served as the general counsel for a telecommunications company in South Florida with annual revenues exceeding $150 million. He 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 and a complex individual Chapter 11 bankruptcy case, several corporate debtors in both Chapter 7 and Chapter 11 bankruptcy cases, numerous individual and corporate clients in out-of-court workouts, assignees in assignments for the benefit of creditors, and receivers in state court proceedings.
Among other honors, Steve has been named a "Leading Lawyer" by Leading Lawyers every year since 2018 and is recognized as a “Super Lawyer” by the Illinois Super Lawyers publication. He maintains a Martindale-Hubbell peer review rating of "AV Preeminent," which is the highest rating for professional excellence. In addition, he received a client distinction award from Martindale-Hubbell. Steve is also a member of the American Bankruptcy Institute's Central States Workshop Advisory Board (2019-2021).
Steve also serves on the Board of Directors of Noggin Builders Foundation, a not for profit that provides low-cost or no-cost STEM (science, technology, engineering, and math) programming for children in low-income communities in an effort to develop and enhance creative problem solving skills.
Steve resides in Glenview, with his wife, two young children, their labradoodle, Shaggy, and mini golden doodle, Daphne.