Chris Horvay concentrates his practice in the representation of senior creditors and asset-based lenders in complex litigation, workout, and bankruptcy matters. His practice involves the representation of asset-based lenders in the documentation of complex loan transactions and in litigation disputes as well as the representation of creditor committees and liquidation trustees in litigation relating to fraudulent conveyances.  Chris has been recognized as an Illinois Super Lawyer from 2006 through 2010.

Recent creditor representations include senior secured lenders in Clark Retail Enterprises and United Airlines, significant landlord interests in K-Mart Corporation, and special counsel to plaintiffs in Price vs. Philip Morris. He has also served as debtor's counsel in a number of significant business bankruptcy cases, including Ben Franklin Stores in the Northern District of Illinois. He has also represented numerous asset purchasers (including the purchaser in Newport News, Inc., and Spiegel Catalog, Inc.) and sellers in transactions involving troubled companies as well as assignees for benefit of creditors in out-of-court liquidations.  Recently, he has also defended former directors and officers of troubled companies in response to litigation brought against them by trustees of liquidation trusts.

He previously served as a National Director of the Turnaround Management Association (1999-2002) and also served (1997-98) as President of the Chicago Chapter of TMA.  In 2004, he was recognized by the Chicago Chapter as its Educator of the Year.

Presentations

• Current Issues Raised by the Bankruptcy Abuse, Prevention and Consumer Protection Act of 2005 (Panel Member), Business Valuation Association of Chicago
• Guest commentator at the Kratovil Institute lecture series, The John Marshall Law School
• Commercial Loan Workouts/Bankruptcy Workshop, Executive Enterprises
• Show Me The Money: Funding Turnarounds (Panel Member), Turnaround Management Association Annual Conference
• Bankruptcy From the Creditor's Perspective, Executive Enterprises
• Dealing with Third Party Interlopers/Remedies Upon Default/Brief Introduction to Bankruptcy, Executive Enterprises' Commercial Loan Workouts and Bankruptcy Workshop
• Recent Developments In Finance That Every Lender Needs To Know/Recent Developments in Bankruptcy Law, Commercial Finance Association Midwest Chapter
• Commercial Loan Workouts Where Credit Meets the Loan/General Legal Considerations in a Loan Workout-Program Areas for Lenders, The Banking Law Institute
• Landlord's Rights in Retail Bankruptcies, Law Education Institute, Inc. and The Bureau of National Affairs, Inc. National CLE Conference
• Know your Adversaries (Panel Member), Breakfast Forum Chicago/Midwest Chapter of the Turnaround Management Association
• Engagement Letters, Turnaround Management Association Annual Conference on Managing Change: Creating Financial Opportunities
• Initial Stages of a Turnaround (Moderator), Education Subcommittee Chicago/Midwest Chapter of the Turnaround Management Association
• Troubleco/Negotiations With Lenders and Vendors (Panel Member), Turnaround Management Association Annual Conference on Skill Builder I: Negotiating With Lenders and Vendors Enhancing Corporate Viability

Professional and Civic Affiliations

• Member, Board of Visitors, Syracuse University College of Arts & Sciences (2004 - present)
• Named The Turnaround Management Association's Educator of the Year (October, 2004)
• Chicago/Midwest Chapter of The Turnaround Management Association (President, 1997-1998)
• The Turnaround Management Association (National Director, 1999)

News

• Lava Lamp Sold to Private Equity Firm