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About Jonathan Friedland

Jonathan Friedland

Jonathan Friedland is a partner with Sugar Felsenthal Grais & Helsinger, LLP. Although based in Chicago, he is licensed to practice in Arizona, Illinois, New Jersey, and New York. He views his job very simply: to make clients money whenever possible and to protect their interests at every turn. Jonathan holds the highest possible rating from Martindale-Hubbell (AV® Preeminent™) and AVVO (10/10), has been repeatedly recognized as an Illinois “superlawyer” in the areas of Business/Corporate Law and Bankruptcy & Creditor/Debtor Rights, and has received several other similar distinctions. Jonathan’s transactional work includes serving as outside general counsel to a number of closely held businesses and their respective principals; representing private equity funds and others in their M&A activities; advising investors; and representing lenders and equipment lessors. The wide range of issues he regularly advises on include: fiduciary duties; structuring issues (between shareholders, members, joint ventures, etc.); credit negotiations; general contract issues; succession planning, employee matters, and litigation. Jonathan is on the editorial board of The Corporate Counselor. Jonathan has extensive experience in guiding companies and their constituents through a variety of challenging situations. He represents companies in distress, their owners and boards of directors, official and ad hoc creditor committees, buyers, and other stakeholders in bankruptcy cases, assignments for the benefit of creditors, receiverships, and out-of-court workouts. Jonathan is lead author of Strategic Alternatives for Distressed Businesses, and Commercial Bankruptcy Litigation, each published by West. He is also the general editor of A Comparison Shopping Guide for 363 Sales, a 250 page treatise published by the American Bankruptcy Institute. Jonathan has been profiled, interviewed, and/or quoted in numerous publications, including Buyouts Magazine; Smart Business Magazine; The M&A Journal; Inside Counsel; LAW360; Business Week.com; The Bankruptcy Strategist; Dow Jones Daily Bankruptcy Review; Bankruptcy Court Decisions; Dow Jones LBO Wire; and The Daily Deal. Jonathan graduated from the State University of New York at Albany, magna cum laude, in 1991 (after three years of study) and from the University of Pennsylvania Law School in 1994. He clerked for a federal judge before entering private practice. He was an Adjunct Professor of Strategic Management at the University of Chicago’s Graduate School of Business for several years and was the 2006 Clayton Center for Entrepreneurial Law Visiting Professor of Business Law at the University of Tennessee College of Law. Jonathan was a partner with Kirkland & Ellis before joining SugarFGH. Jonathan is also the founder and chairman of DailyDAC, LLC, d/b/a Financial Poise™ (an on-line provider of continuing education, information, and business intelligence for business owners, investors, and their respective trusted advisors).


Articles by Jonathan Friedland

Valuation: The Pillar of Corporate Restructuring

Bankruptcy Valuation Valuation—the estimation of an entity’s worth—plays a crucial role in all stages of a commercial bankruptcy, as well in any out-of-court restructuring.¹ Valuation can be critical at the beginning of a bankruptcy case in determining whether the debtor can use cash collateral or obtain debtor-in-possession financing. At the confirmation stage, valuation plays a […]


Dealing with Distress for Fun & Profit— Installment #18—How to Confirm a Chapter 11 Plan

A written tour of business bankruptcy and its alternatives. This is the latest in the series, Dealing with Distress for Fun & Profit, which you can read from the beginning if you like.  In this bat-installment, we turn to what is, theoretically, one of the most important parts of any chapter 11 case: confirming a […]


Corporate Restructuring 2017: Why Some Attorneys See Rising Rates, but Most Don’t

THE CORPORATE RESTRUCTURING profession has become, much like the broader economy, increasingly a world of few “haves” and many “have nots.” This is not by accident, and it is not going away. Those who see and accept the industry for what it is—and pivot accordingly—will continue to be winners. Those who possess a limited repertoire […]


Dealing With Distress For Fun & Profit – Installment #13 – The Priority Scheme of Bankruptcy

A written tour of business bankruptcy and its alternatives We started this series (click here to start reading from the beginning) with a broad overview of business bankruptcy but our last several installments have focused on one small, albeit important, aspect- the automatic stay.  We’ve heard from a number of readers that they would like […]


The Myth of the Newspaper Being a Commercially Reasonable Notice

Editor’s Note: the August edition of The Bankruptcy Strategist and the September edition of the Equipment Leasing Newsletter, each ran a substantially similar article by the authors.  We are pleased to run this version here. You represent a secured lender. You are to assist your client in its exercise of rights under UCC §9-610 to sell its […]


Dealing With Distress For Fun & Profit – Installment #12 – Stay Relief Strategy?

A written tour of business bankruptcy and its alternatives Editors’ Note:  If you are a regular reader of this column, you will know that this is the third installment in a row about the automatic stay (it is a big topic and we didn’t want to lay too much on you at once).  If you’re […]


Dealing With Distress For Fun & Profit – Installment #11 – Is Stay Relief Necessary?

A written tour of business bankruptcy and its alternatives Our most recent installment in this series gives an overview of the automatic stay. In this installment we dive a little deeper, and we start with this question:  how do you know when a contemplated action would violate the stay and, thus, require stay relief before the […]


Dealing With Distress For Fun & Profit – Installment #10 – About the Automatic Stay

A written tour of business bankruptcy and its alternatives We discussed the automatic stay from the perspective of a secured creditor in Installment #9 of this series.This time we pan the camera back and look at the automatic stay from a broader and more general perspective. It is sometimes said that the two primary objectives […]


Dealing With Distress For Fun & Profit – Installment #9 – Secured Creditors & Chapter 11

A written tour of business bankruptcy and its alternatives Our prior installment discussed some of the basic things a secured creditor needs to know about Chapter 11. The automatic stay was one of them.  But, since we like to keep these things short (on the presumption that others also have short attention spans) we didn’t […]


Dealing With Distress For Fun & Profit – Installment #7 – Plan Confirmation

A written tour of business bankruptcy and its alternatives Our last installment focused on what we called the “mundane” middle of a chapter 11 case. You can read it here. This time we discuss something a bit more exciting: confirmation. Summary Chronology Here is the basic chronology leading up to confirming a plan, for those of […]


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