About Terence G. Banich
Terence Banich has more than 20 years of in-depth experience managing complex litigation and first-chairing evidentiary hearings and trials in bankruptcy cases and proceedings, as well as federal equity receiverships and civil actions. He has represented nearly every type of constituent in Chapter 7 and 11 cases, including Chapter 7 trustees, Chapter 11 trustees, debtors, debtors in possession, secured creditors, unsecured creditors, committees of unsecured creditors, insiders of debtors and adversary defendants. Terry also has represented several federal equity receivers appointed in civil enforcement actions commenced by government agencies, such as the Securities and Exchange Commission and the Federal Trade Commission, as well as civil actions filed by private plaintiffs.
Deftly handling disputes both in and out of court
Clients rely on Terry's decades of experience in both civil actions and bankruptcy cases to achieve their business objectives. He consistently provides creative, cost-effective, business-driven solutions to all types of disputes through negotiation, mediation and litigation. From large multinational corporations to single-asset limited liability companies, Terry is strategic in his approach to handling disputes of varying levels of complexity, resolving matters by negotiating with counterparties and redrafting critical agreements. Clients particularly value Terry’s clear and persuasive writing and effective and eloquent oral advocacy, as well as his professionalism and civility.
Practice Focus
- Insolvency litigation
- Chapter 7 and Chapter 11 cases and proceedings
- Mediation and out-of-court agreements
- Receiverships
- Construction litigation
Representative Experience
News
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September 1, 2020
Publications
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The Man on Five Sometimes Ends Up With Zero | Pratt's Journal of Bankruptcy LawJune 2017
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The Barton Doctrine: A Penetrable Shield | Pratt's Journal of Bankruptcy LawApril/May 2017
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You Can't Sue a Rubric, or a River for That Matter | Pratt's Journal of Bankruptcy LawFebruary/March 2017
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In Pari Delicto: The Seventh Circuit Gives New Life to Evil Zombies | The Bankruptcy StrategistAugust 2012
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What You Need to Know about Twombly and Iqbal | American College of BankruptcySpring 2010
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Banking Briefs | The Banking Law Journal | MonthlyJanuary 2003 to March 2007
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Chapter 11 ‘New Value' Plans of Reorganization: Panacea or Pandora's Box | Bloomberg Corporate Law Journal | Vol. 1, Issue 3Summer 2006
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Protecting Contractor Rights in Public Construction Projects in Illinois | Real Estate Finance JournalSpring 2003
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Pay When Paid Clauses, An Important Consideration for General Contractors and Subcontractors | Real Estate Finance JournalWinter 2003