Jon Aberman

Jonathan E. Aberman

Partner
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When loans and financing transactions go south, when secured assets are at risk or a borrower's insolvency threatens a creditor's ability to collect on delinquent obligations, Jon Aberman is in his element.  For lenders, special servicers and creditors of all stripes, Jon leverages decades of experience, a combination of creativity and pragmatism and a nationwide platform to find solutions to their most intractable and complex challenges arising from distressed situations.

Jon possesses a comprehensive knowledge of both the law and the practical realities involved in protecting his clients' interests when defaulting borrowers, customers or debtors put them at risk. With a collegial, professional approach and a reputation among fellow practitioners for firm but fair dealing, Jon crafts efficient resolutions that might elude other attorneys.

Jon's clients appreciate his candid counsel and ability to chart a clear path forward on each matter. Jon regularly helps commercial mortgage backed securities (CMBS) special servicers, banks, non-bank lenders, specialty finance companies, businesses and other secured and unsecured creditors enforce their rights and remedies, protect their assets and interests and maximize their recoveries in complex bankruptcy cases, out-of-court loan workouts and business restructurings, mortgage foreclosures, property and equity receiverships, assignments for the benefit of creditors and other troubled situations. Additionally, Jon regularly advises on healthy business deals and financial transactions with these situations in mind, including negotiating and structuring loan agreements, intercreditor and subordination agreements and unitranche "agreements among lenders."

With more than 20 years of experience, Jon has also handled all aspects of complex chapter 11 cases for his lender clients in bankruptcy courts across the country, including debtor-in-possession financing, cash collateral disputes, stay relief motions, auctions, asset sales, lease and loan dispositions, plan formation and confirmation, creditor claims and objections, preference actions and fraudulent transfer suits.

When loans and financing transactions go south, when secured assets are at risk or a borrower's insolvency threatens a creditor's ability to collect on delinquent obligations, Jon Aberman is in his element.  For lenders, special servicers and creditors of all stripes, Jon leverages decades of experience, a combination of creativity and pragmatism and a nationwide platform to find solutions to their most intractable and complex challenges arising from distressed situations.

Jon possesses a comprehensive knowledge of both the law and the practical realities involved in protecting his clients' interests when defaulting borrowers, customers or debtors put them at risk. With a collegial, professional approach and a reputation among fellow practitioners for firm but fair dealing, Jon crafts efficient resolutions that might elude other attorneys.

Jon's clients appreciate his candid counsel and ability to chart a clear path forward on each matter. Jon regularly helps commercial mortgage backed securities (CMBS) special servicers, banks, non-bank lenders, specialty finance companies, businesses and other secured and unsecured creditors enforce their rights and remedies, protect their assets and interests and maximize their recoveries in complex bankruptcy cases, out-of-court loan workouts and business restructurings, mortgage foreclosures, property and equity receiverships, assignments for the benefit of creditors and other troubled situations. Additionally, Jon regularly advises on healthy business deals and financial transactions with these situations in mind, including negotiating and structuring loan agreements, intercreditor and subordination agreements and unitranche "agreements among lenders."

With more than 20 years of experience, Jon has also handled all aspects of complex chapter 11 cases for his lender clients in bankruptcy courts across the country, including debtor-in-possession financing, cash collateral disputes, stay relief motions, auctions, asset sales, lease and loan dispositions, plan formation and confirmation, creditor claims and objections, preference actions and fraudulent transfer suits.

  • Representation of CMBS Special Servicer enforcing loan and mortgage rights in chapter 11 bankruptcy of an airport hotel
  • Representation of CMBS Special Servicer enforcing loan and mortgage rights in chapter 11 bankruptcy of a Chicago suburban office building
  • Representation of CMBS Special Servicer enforcing loan and mortgage rights in chapter 11 bankruptcy involving five Chicago commercial properties
  • Representation of Lender enforcing loan and mortgage rights in seven chapter 11 bankruptcy cases involving fourteen affiliated mobile home parks
  • Representation of Agent for multi-lender bank group comprised of major financial institutions in workout of $180,000,000 syndicated loan facility and resulting federal equity receivership
  • Representation of Specialty Finance Company enforcing loan and providing debtor-in-possession financing in chapter 11 bankruptcy of a clinical research organization
  • Representation of Specialty Finance Company enforcing loan and collateral rights in chapter 11 bankruptcy of a critical access hospital
  • Representation of Specialty Finance Company enforcing loan and providing debtor-in-possession financing in chapter 11 bankruptcy of a senior living and skilled nursing facility
  • Representation of Shopping Center Landlords in numerous retail chapter 11 bankruptcies
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CREDENTIALS
Education
  • B.A., cum laude, Duke University, 1995
  • J.D., Northwestern University School of Law, 1998
Bar Admissions
  • Illinois
Professional Affiliations
    • Member, American Bankruptcy Institute
Awards & Recognitions
    • Named, The Best Lawyers in America®, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2021-present)
    • Named, Leading Lawyer in Bankruptcy & Workout Law: Commercial, Leading Lawyers Network (2015-2018)
    • Named, Super Lawyers® Illinois, Bankruptcy: Business Law (2018-Present)
    • Named, Super Lawyers® Illinois Rising Star, Bankruptcy (2012-2013)
Community Leadership
    • Board Member (Emeritus), Collaboration Theater Company