Robert Stefancin
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In the course of his insolvency and bankruptcy practice, Rob has represented equity security holders, secured lenders, unsecured creditors’ committees, trustees, receivers, and those who wish to purchase assets out of bankruptcy estates. His extensive experience in commercial litigation includes commercial foreclosures, contract litigation and recovering assets fraudulently transferred or concealed from creditors. Rob has also advised corporate officers and directors regarding fiduciary duties in both the non-profit and profit sectors.
Rob's experience includes representation of:
A successful purchaser of assets of an automobile shipping company in a Dallas, Texas Chapter 11 case, in which the buyer advanced post-petition debt to the debtor to allow a successful credit bid of the assets
Multi-media company in Cleveland, Ohio in a wind down of its business, developing a plan to allow a return to unsecured creditors
Stalking horse purchaser of assets of a manufacturing company in an Ohio receivership, which acquired the assets
A Cleveland hotel in the renegotiation of its secured debt, enabling continued operation of the business
Secured creditor of a downtown Cleveland residential apartment complex to successfully sell and credit bid the debt, enabling client to acquire property and improve use and occupancy
Receiver in an action brought by the Ohio Division of Securities against the owners of a real estate business which was determined to be a Ponzi scheme
Chapter 7 Trustee in the sale of machinery and equipment of an office supply company, generating a distribution to unsecured creditors
Secured lender in a Chapter 7 case, successfully securing collateral and collecting proceeds of sale in complete satisfaction of secured debt
Creditors sued for the recovery of preferential transfers, providing a successful defense
A lender, effectively defending in accusation of violating the bankruptcy stay
A plastic extruder, effectively defending accusation of violating obligations under the Uniform Commercial Code
Defendant in successful litigation over the enforcement of an individual commercial corporate guaranty
Lender plaintiff in litigation, prevailing in the enforcement of a commercial promissory note and security agreement
Property owner in defense litigation over restrictions in the use of real property under an easement
Municipal client in winning defense of an obligation to perform under a writ of mandamus
A non-profit board, advising as to the scope of its fiduciary duties to its members and the entity
Education
Case Western Reserve University, J.D., 1990
Washington & Jefferson College, B.A., 1987
Memberships/Associations
Turnaround Management Association, Ohio Chapter (Board Member, 2012-present)
Admitted in the State of Ohio 1990
Admitted to the United States District Court for the Northern District of Ohio, the United States District Court for the Southern District of Ohio, and the Sixth Circuit Court of Appeals
Admitted to United States Tax Court
Awards/Honors
Martindale-Hubbell® AV® Preeminent™
2010 - 2023 Ohio Super Lawyers®
