• 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.

  • Served as lead counsel in the chapter 11 cases of Orchids Paper Products Company and its affiliates in Delaware, including obtaining approval of and consummating the sale of the company for cash and assumption of liabilities totaling approximately $250 million and obtaining confirmation of a plan of liquidation following the sale.  Representation received several awards as noted above.

  • Represented loan servicer in federal lawsuit seeking the appointment of a receiver for 89 hotels in 23 states securing a $960 million defaulted loan.

  • Represents loan servicer in restructuring negotiations and enforcement actions against retail shopping centers in multiple states securing a $549 million defaulted loan.

  • Represented loan servicer in restructuring negotiations and potential enforcement action against retail shopping center securing a $270 million defaulted loan.

  • Represents international bank in connection with its large portfolio of distressed healthcare loans.

  • Represented regional bank to obtain appointment of Chapter 11 trustee for e-commerce borrower in San Francisco whose founder is alleged to have committed bank, wire and securities fraud against the bank, other creditors and equity investors.

  • Represents specialty lender in connection with defaulted loans owed by professional athletes in connection with their pending bankruptcy cases.

  • Represents corporate parent of owner of large student housing complex in the parent’s Chapter 11 case seeking to confirm a plan of reorganization and objecting to attempts by debtor’s lender to have the case dismissed.

  • 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.

  • Advises 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% ownership of company as a result of a public sale conducted as part of the restructuring.

  • Represented the secured lenders of a retail 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 in Los Angeles for a movie studio.

  • 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.

  • 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.

  • Represented insurance company in settling multimillion dollar fraudulent transfer claims brought by Chapter 7 trustee of feeder funds in connection with large Ponzi scheme.

  • Represented insurance company in settling "bet-the-company" litigation brought by liquidating trustee of feeder funds in connection with large 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.
  • Represented 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 represents banks and loan servicers in connection with enforcement of secured commercial loans in Illinois and around the country.
  • 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.
  • Advised national hospital network in connection with the potential acquisition of a hospital out of bankruptcy.
  • Represented patient care ombudsman appointed in Chapter 11 case for long-term acute care hospitals and skilled nursing centers.