AREAS OF EMPHASIS
Bankruptcy
Steven Towbin has been counseling corporate and professional clients, financial institutions, unsecured creditors’ committees, equity holders, trustees, assignees for the benefit of creditors, and secured and unsecured creditors in connection with complex bankruptcy and reorganization cases, and related litigation, since 1975. He has represented clients in government and diverse industries, including construction and contracting, electronics, food processing, health care, manufacturing, publishing, real estate, retailing, telecommunications, transportation and trucking.
Among his more significant recent engagements, Mr. Towbin represented Capital Factors, Inc. in its successful appeal of an order authorizing payments to critical vendors in the K-Mart chapter 11 case; was retained by the Official Creditors’ Committee of Outboard Marine Corporation in its chapter 11 case involving more than $1.5 billion of debt; currently represents the chapter 7 trustee for the Outboard Marine Corporation estate; was retained as co-counsel to the Official Creditors Committee of Kimball Hill, Inc., one of the nations largest homebuilders, serves as counsel for Allied Products Corporation, a publicly held manufacturing concern, in its chapter 11 proceeding involving more than $100 million of debt; and represents Florsheim Group Inc. as chapter 11 debtor and debtor-in-possession in its reorganization proceeding involving more than $150 million in debt.
Mr. Towbin is a Fellow of the American College of Bankruptcy, an honorary professional and educational association of bankruptcy and insolvency professionals.
EDUCATION
University of Illinois (B.A., cum laude, 1971)
DePaul University College of Law (J.D., cum laude, 1975)
PROFESSIONAL AFFILIATIONS
- American College of Bankruptcy Fellowship
- American Bar Association (Member, Litigation and Business Law Sections)
- American Bankruptcy Institute
BAR ADMISSIONS
Admitted to bar, 1975, Illinois; US District Court including Trial Bar in 1984; 1998, US Court of Appeals, Seventh Circuit; 2004, United States Supreme Court; 2008, Federal Circuit Court of Appeals
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