Overview
Larry Lichtman is a litigation and commercial transactions attorney who has over 35 years of experience in representing debtor companies and committees of unsecured creditors in Chapter 11 reorganization cases and out-of-court restructurings throughout the U.S., with an emphasis on automotive insolvency matters involving Tier 1 suppliers. Larry also has significant experience in complex bankruptcy litigation, including fraudulent transfer and preference actions.
- Counsels OEMs and Tier 1 automotive suppliers
- Assists in supply chain issues on behalf of both OEMs and suppliers, including negotiation and drafting of supply contracts and analysis and advice relating to the maintenance of supply relationships
- Represents creditors and debtors in commercial bankruptcy cases, out-of-court loan workouts, and various commercial disputes and business litigation
- Advises on lender forbearance arrangements, customer accommodation agreements, customer resourcing, sales and acquisitions (including Bankruptcy Code Section 363 sales), and financing transactions
Services
Practice Areas
Experience
Representative Matters
- Significant experience in complex bankruptcy litigation, including fraudulent transfer and preference actions
- Broad-based commercial experience in supply chain issues involving OEMs and suppliers, including negotiation and drafting of supply contracts and analysis and advice relating to the maintenance of supply relationships
- Extensive transactional experience, including lender forbearance arrangements, customer accommodation agreements, customer resourcing, sales and acquisitions (including Bankruptcy Code Section 363 sales), and financing transactions
- Acts as external general counsel to Tier 1 suppliers
- Extensive experience in representing creditors and debtors in commercial bankruptcy cases, out-of-court loan workouts, and various commercial disputes and business litigation
Credentials
Education
Michigan State University College of Law, J.D.
- cum laude
- Law Review, Note and Comment Editor
University of Michigan, A.B.
- Political Science
Admissions
- Michigan
Court Admissions
- U.S. Court of Appeals for the Sixth Circuit
- U.S. District Court for the Eastern District of Michigan
- U.S. District Court for the Western District of Michigan
- U.S. District Court for the Northern District of Ohio
Recognition
Awards
- The Best Lawyers in America, 2016-2022
- Recognized in practice area of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
- Michigan Super Lawyers, 2008-2020
- DBusiness, Top Lawyers, 2010, 2021
- Small Turnaround of the Year, Turnaround Management Association (TMA), Chicago/Midwest Chapter, 2007
- Crain's Detroit Business, Recognized as one of Crain's "40 Under 40" Metropolitan Detroit business leaders under the age of 40, 1994
- Martindale-Hubbell AV® Preeminent™ Peer Review Rated
Professional & Community Involvement
- State Bar of Michigan
- Business Law Section
- American Bankruptcy Institute
- American Bar Association
- Federal Bar Association
- Oakland County Bar Association
- City of Farmington Hills, MI
- Mayor, 1994-1995
- City Council, Member, 1989-1995
- Ice Arena Study Committee, Chairman, 1992-1994
- Board of Zoning Appeals, Chairman, 1987-1988; Member, 1987-1989
- Planning Commission, Member, 1989