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

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

Admissions

Court Admissions

Recognition

Awards

  • The Best Lawyers in America, 2016-2023
    • 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

News & Insights

News

Publications

  • "Fraud and the Bankruptcy Code"
    Publication | The Handbook of Fraud Deterrence, John Wiley & Sons, Inc. |

Seminars & Events

  • Appointed Professional Compensation
    Event | |
  • LaSalle: The Practical Implications & Other Chapter 11 Issues
    Event | |
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