Photo of Joseph R. SgroiPhoto of Joseph R. Sgroi

Joseph R. Sgroi

Leader, Restructuring and Insolvency Practice Group
Member, Board of Directors


University of Michigan Law School, J.D.
University of Michigan, B.A.
  • Political Science


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Joe Sgroi is a restructuring, bankruptcy, and commercial transactions attorney who deals with corporate financial difficulty and complex supply chain disputes. In what are often complicated, fast-paced and constantly evolving situations, he finds ways to deliver value by providing creative solutions with the client’s business goals in mind. Joe represents a wide range of businesses from different industries, including automotive and manufacturing.

Joe is the leader of the firm’s Restructuring and Insolvency practice group and has extensive experience representing debtors, creditors, creditors’ committees, customers, lenders, and equity holders in bankruptcies, financial restructurings, liquidations, and out-of-court workouts.

Joe has particular experience representing U.S. and non-U.S. based original equipment manufacturers (OEMs), Tier 1 and 2 suppliers, and automotive startups in a wide range of areas, including business arrangements related to the development and implementation of autonomous vehicle technologies.

Joe is a member of the firm's Board of Directors and also serves as one of the firm’s Chief Value Partners, where he leads Honigman’s efforts to deliver value to its clients on a consistent basis, including through the implementation of legal project management, process improvement, and knowledge management, as well as the use of alternative fee arrangements and value pricing.

  • Develops strategies for protection of just-in-time supply of component parts produced by nonperforming, financially distressed, or bankrupt suppliers
  • Negotiates supply agreements, manufacturing agreements, purchase and sale agreements, and purchase order terms and conditions
  • Counsels clients on the acquisition of and investment in troubled companies
  • Assists in the restructuring of troubled companies both inside and outside of bankruptcy
  • Manages the broad range of litigation relating to financial distress, including supply-chain disputes and bankruptcy litigation
  • Secures lending to troubled companies and negotiates workouts of troubled loans
  • Advises boards of directors of financially distressed and insolvent companies
  • Serves as a member of the firm's Board of Directors
  • Serves as one of the firm’s Chief Value Partners and formerly served as the firm’s Associate Recruiting and Hiring Partner


Representative Matters

  • Acts as lead counsel to the Independent Manger of FirstEnergy Generation, LLC, the owner and operator of multiple fossil generation plants, in connection with the Chapter 11 restructuring of FirstEnergy Solutions Corp. and its debtor affiliates.• Acts as lead counsel to the Independent Manger of FirstEnergy Generation, LLC, the owner and operator of multiple fossil generation plants, in connection with the Chapter 11 restructuring of FirstEnergy Solutions Corp. and its debtor affiliates.
  • Serves as lead counsel to a medical device startup company in connection with its prepackaged Chapter 11 restructuring and proposed debt-to-equity conversion and capital raise.
  • Acts a special counsel to Sorenson Media, Inc. in its Chapter 11 bankruptcy case with respect to corporate, finance, commercial and other critical issues affecting the company.
  • Serves as lead counsel to Kraus Carpet Inc. and its debtor affiliates in connection with their Chapter 15 bankruptcy cases and the sale of substantially all of Kraus’ assets to Q.E.P Co., Inc. and Roberts Company Canada Ltd. 
  • Served as lead counsel to General Motors in connection with the global insolvency proceedings and restructuring of Takata Corporation, including the Chapter 11 cases of TK Holdings, Inc. and its debtor affiliates, the Chapter 15 cases of Takata Corporation and its foreign-debtor affiliates, and the sale of substantially all of Takata's assets to Key Safety Systems
  • Acted as lead counsel to General Motors in the Chapter 11 cases of Clark-Cutler-McDermott Company and its debtor affiliates, including in significant litigation brought by the Debtors and the Creditors' Committee
  • Served as lead counsel to the Official Committee of Unsecured Creditors in the Chapter 11 case of Treetops Acquisition Company, LLC, a golf and ski resort in northern Michigan
  • Acted as co-lead bankruptcy counsel for Capitol Bancorp Ltd., a bank holding company with a network of banks and bank operations in ten states and total consolidated assets of approximately $2 billion, in its Chapter 11 case
  • Acted as co-lead counsel to the Official Committee of Unsecured Creditors in the Chapter 11 case of ISR Group, Incorporated, a company providing a broad range of services in the unmanned vehicle systems (drone) industry
  • Represented General Motors in the automotive supplier bankruptcies of A123 Systems, Inc., Fisker Automotive Holdings, Inc., Visteon Corporation, Intermet Corporation, Cadence Innovation LLC, PPI Holdings, Inc., and Progressive Molded Products Inc., among others
  • Represented General Motors Corporation in its historic Chapter 11 case regarding various supply-chain issues, including the formation of an on-site supplier rapid response team. After court approval of the Section 363 asset sale to General Motors LLC, represented New GM in connection with hundreds of contract assumption and assignment objections, other supply chain issues and supplier litigation, and issues related to the establishment of the asbestos trusts
  • Represented private equity firms with respect to various acquisitions through Section 363 bankruptcy sales, assignments for the benefit of creditors, receiverships, and Article 9 foreclosure sales
  • Represented General Motors in the automotive dealership bankruptcy of Bill Heard Enterprises, Inc., including successfully litigating various issues with GMAC, LLC; In the Matter of Bill Heard Enterprises, Inc., et al., 2009 Bankr. LEXIS 394 (Bankr. N.D. Ala. February 12, 2009)



  • Listed in Chambers USA: America's Leading Lawyers for Business since 2019
    • Recognized as one of five individuals in the first tier of lawyers in the Bankruptcy/Restructuring field in the state of Michigan; Chambers adds:

      • 2021 and 2020 - "Joe Sgroi leads the restructuring and insolvency group and has experience acting for a wide array of debtors, creditors and other related parties in bankruptcy, restructuring and liquidation matters."
      • 2019 - "The 'very Impressive' Joseph Sgroi has a widely respected practice which includes assisting clients with insolvency and restructuring proceedings as well as liquidations."
  • The M&A Advisor: 2017 Turnaround Award Winner
    • Distressed M&A Deal Of The Year (Over $250MM to $500MM)
  • The Best Lawyers in America, 2012-2022
    • Recognized in practice area of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • DBusiness, Top Lawyers, 2011, 2013-2016, and 2018
  • Michigan Super Lawyers, 2015-2021
    • Recognized as a Rising Star, 2009-2014
  • Leading Lawyers Magazine Michigan, 2017
    • Recognized in the practice areas of:
      • Bankruptcy & Workout Law: Commercial
      • Creditor's Rights/Commercial Collections Law
  • Michigan Lawyers Weekly, recognized as an "Up & Coming Lawyer," 2014
  • International Insolvency Institute
    • Inducted into the inaugural NextGen Leadership Program, 2012
  • DBusiness, recognized as one of "30 in their 30s," 2010

Professional & Community Involvement

  • State Bar of Michigan
    • Business Law Section
    • Creditor/Debtor Rights Committee
  • American Bar Association
    • Business Law Section
      • Business Bankruptcy Committee
        • Chapter 11 Sub Committee
        • Executory Contract Sub Committee
  • American Bankruptcy Institute
  • Turnaround Management Association
  • INSOL International
  • International Insolvency Institute
    • NextGen Member


Pro bono counsel to The Blight Authority, a nonprofit organization focused on mass-scale blight removal

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