Scott Chernich | Lansing Bankruptcy & Debt Lawyer

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About Scott

Scott Chernich's practice areas include representing numerous financial institutions including community banks and credit unions and Chapter 11, 7 and 13 bankruptcy as well as commercial litigation and construction law. Recently, Scott has successfully resolved several insolvent probate estates and has assisted financially challenged agribusinesses. In 2003, Scott was appointed as a Chapter 7 Panel Trustee by the U.S. Justice Department. While he spends a large portion of his time representing creditors in prosecuting claims and recovering collateral, he also has significant experience as a debtor's lawyer and as a trustee. As a result, he offers clients (businesses and individuals) a perspective that includes familiarity with common strategies for all sides and the ability to spot and resolve issues early in the process.

Scott is very involved in several professional associations, including the American Bankruptcy Institute and the National Association of Bankruptcy Trustees and served in numerous leadership roles in the Lansing community. He was also a popular adjunct professor at his alma mater, Western Michigan University Thomas M. Cooley Law School.

He has served several terms on Foster Swift's Executive Committee. For several years previous, Scott was the practice group leader for the firm’s Finance, Real Estate & Bankruptcy section.

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Experience

Shareholder | Attorney

Foster Swift Collins & Smith PC

Present

Lansing, MI

Admission

Verified Michigan

1993

Education

Shippensburg University

Masters (Management)

1986

Shippensburg University

Bachelors

1984

Recognitions & Achievements

Associations
  • Ingham County Bar Association
  • Federal Bar Association
  • Commercial Law League of America
  • American Bankruptcy Institute
  • National Association of Bankruptcy Trustees
  • Western Michigan Thomas M. Cooley Law School | Adjunct Professor
Honors / Awards
  • Best Lawyers in America® (Banking and Finance Law, Bankruptcy and Creditor-Debtor Rights / Insolvency and Reorganization Law)
    2010-2022
  • Best Lawyers® Banking and Finance Law "Lawyer of the Year" in Lansing
    2015

Notable Work

Cases

Representative Matters

Scott successfully assisted an international broker/dealer avoid a threatened suit by a prominent figure in a nationally known Chapter 11 case.

In a very complicated, multi-million dollar construction case, five parties (a general contractor, sub-contractors and insurers) were fighting over the contracts, state lien law rights and surety issues. Scott was hired and, in one day, mediated a resolution to all of the disputes and satisfaction of all parties.

When a large credit union was sued on a lien avoidance action, Scott was hired to defend. He succeeded in having the case dismissed on Summary Judgment.

A commercial landlord was being sued by a tenant who was in Chapter 11. Scott successfully defended the landlord and recovered back rent in the amount of $250,000.

A creditor, sued by a Chapter 11 debtor, hired Scott, who resolved the preference action and then recovered in excess of $1 million for his client on a 503(b)(9) claim.

Publications

The Significance of the Consolidated Appropriations Act for Bankruptcy Trustees Thomson Reuters WestLaw Today July 27,

2021


A Systematic Plan for Debt Collection by Agribusinesses Foster Swift Agricultural Law News September 23,

2020


Giving Debtors a Break During COVID-19: How to be Flexible But Still Protect Your Rights Foster Swift Finance Real Estate & Bankruptcy Law News May 28,

2020


Economic Support for Agricultural Producers Under the CARES Act Foster Swift Agricultural Law News E-blast April 3,

2020


Key Details of the Paycheck Protection Program Under the CARES Act Foster Swift Legal Update E-blast April 3,

2020


Essentials of the SBA Economic Injury Disaster Loan Application Process for Your Business Foster Swift Legal Update E-blast March 26,

2020

Foster Swift Collins & Smith PC Highlights

Bankruptcy & Debt, Real Estate, International, Intellectual Property, Employment, Tax, Criminal, Business, Administrative Law, Antitrust, Franchising

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