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 resides in Glenview, with his wife, two young children, their labradoodle, Shaggy, and mini golden doodle, Daphne.