• vcard
D 312.873.3626
F 312.893.2005
  • Education
    • J.D., University of Iowa, 1992, with high distinction; Iowa Law Review, Note and Comment Editor
    • B.A., Knox College, 1988, Philosophy and Economics; Dean's List
  • Court Admissions
    • U.S. Court of Appeals, Seventh Circuit, 1993
    • U.S. District Court, Northern District of Illinois, 1993
    • U.S. District Court, Northern District of Illinois, Trial Bar, 1998
    • U.S. District Court, Central District of Illinois, 1997
    • U.S. Court of Appeals, Tenth Circuit, 2001
    • U.S. District Court, Northern District of Oklahoma, 2000

Jerry Switzer knows how to forge practical, common sense solutions to difficult business issues. With finely tuned skills and in-depth experience to resolve the most complex business and legal issues, he also is a proven litigator who knows when and how to use litigation as a tool to resolve disputes when other options may not be available.

Jerry specializes in representing senior secured lenders, mezzanine lenders and other creditors, especially in bankruptcy and insolvency situations. He also represents trustees, debtors, and other constituents in bankruptcy, so he understands the competing rights and agendas of all parties fighting for their share of a limited pot. Clients rely on his 360-degree view to maximize their returns.

  • Lead counsel to Orchids Paper Products Company and its affiliates in their Chapter 11 bankruptcy cases. 
  • Represented senior secured lender in chapter 11 cases of corporate owners of multi-hotel complex adjacent to the Peoria, IL convention center, resulting in the lender obtaining ownership of the complex through a sale under Section 363 of the Bankruptcy Code.
  • Represented large publicly traded consumer products company in connection with loan workout negotiations with the company’s secured lending group and the company’s financial and operational restructuring.
  • Represented a national specialty sporting goods retailer in all aspects of its Chapter 11 case, including an expedited marketing and sale process that resulted in a sale of the business to a strategic buyer in less than one month after the petition date which enabled the company to pay its secured loans in full and make meaningful to unsecured creditors.
  • Advised international pharmaceutical manufacturer regarding bankruptcy, insolvency and intellectual property issues in joint venture, license and option agreements relating to the development of new pharmaceutical products and technologies.
  • Obtained appointment of Chapter 11 trustee for health care debtors, and caused trustee to liquidate client's collateral through a sale under Section 363 of the U.S. Bankruptcy Code. Defended against litigation brought by debtors and their principals to prevent the sale.  
  • Restructured the financial affairs of a digital media company with locations in retail malls and universities across the nation pursuant to an assignment for the benefit of creditors. Client obtained 100 percent ownership of company as a result of a public sale conducted as part of the restructuring.
  • Represented the secured lenders of the Mark Shale clothing company in connection with its Chapter 11 filing, with the lenders receiving the proceeds from the sale of assets in the case.
  • Represented mezzanine lender in restructuring and related litigation against senior secured lender and debtor in Chapter 11 case filed in Los Angeles for a movie studio located in New Mexico.
  • Represented Chapter 7 trustee in liquidation of a software systems provider that managed health savings accounts for client employees and customers, including litigation relating to massive fraud committed by company's principals.
  • Successfully represented mezzanine lender in Chapter 11 case filed by corporate borrower. Defeated confirmation of plan proposed by the debtor, and confirmed plan paying creditors in full and granting 100 percent equity ownership of company to lender.
  • Successfully represented lender to acquire ownership of landmark property in Chicago through bankruptcy and state court proceedings to enable the client to pursue development plans for the property.
  • Successfully represented insurance company in settling multimillion dollar fraudulent transfer claims brought by Chapter 7 trustee of feeder funds in connection with the Petters Ponzi Scheme.
  • Successfully represented insurance company in settling "bet-the-company" litigation brought by liquidating trustee of feeder funds in connection with the Petters Ponzi Scheme alleging massive fraudulent transfer and other causes of action.
  • Represented purchaser of several large portfolios of distressed commercial loans in the Chicago area in commercial mortgage foreclosure and related bankruptcy cases.
  • Represent student housing builder/developer in connection with Chapter 11 case of installer/operator relating to the installation of robotic parking garage systems at client development projects.
  • Represented real estate developer in connection with enforcement of secured loans against and acquisition of hotel property near Wrigley Field in Chapter 11 case of property owner. 
  • Regularly represent special servicers in connection with enforcement of secured CMBS real estate loans in Chicago area.
  • Regularly represent banks in connection with enforcement of secured commercial loans in Chicago area.
  • Represented manufacturer of industrial tanks in connection with defaulted loans to commercial lender, including working with lender and court-appointed receiver to operate and sell the business.
  • Represented regional healthcare network in connection with the acquisition of a distressed hospital, including a tender offer to retire the hospital’s outstanding bonds.
  • Advised hospital network in connection with defaulted loans to a distressed life-flight operator providing service to the client.
  • Regularly represent national hospital network in connection with bankruptcy and other insolvency matters of customers and contracting parties in cases around the country.
  • Represented hospital network to resolve dispute over turnover of deposits pursuant to asset purchase agreements pursuant to which client purchased several hospitals out of bankruptcy.
  • Regularly advise healthcare networks in connection with the acquisition of distressed healthcare practice groups.
  • Advised national hospital network in connection with the potential acquisition of a California hospital out of bankruptcy.
  • Provided bankruptcy and other advice to servicer of commercial loans to senior living and nursing home facilities relating to the borrowers’ participation in a Texas nursing facility supplemental payment program.
  • Represented patient care ombudsman appointed in Chapter 11 case for long-term acute care hospitals and skilled nursing centers in Washington, D.C.
text icon Publications & Presentations
Quoted, Law360
May 10, 2019
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New Realities – Issues Affecting Lenders in 2018 (and Beyond)
Distressed Loans, Cradle to Grave
May 15, 2018
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Journal of Bankruptcy Law
February/March 2018
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Co-Presenter, ACG Global webinar
September 20, 2017
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The Distressed Market: The Polsinelli/TrBK Indices and Latest Trends
Speaker; ACG Webinar
September 20, 2017
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September 14, 2017
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How Lenders Work with Distressed Credits
Moderator, Midwest Dealmakers 2017 Conference by Ravinia Capital LLC; Chicago, IL
August 4, 2017
eAlerts Updates
June 2017
webinar Webinars
February 12, 2015
text icon Publications & Presentations
Collecting/Enforcing/Selling/Buying Loans and Deficiency Judgments, Maintaining Properties and Related Topics
IMN's Bank & Financial Institutions Special Assets Executive Forum on Real Estate Workouts
Session Chair
October 10, 2012