MICHAEL P. O'NEIL is a partner in Taft's Indianapolis and Chicago offices and is chair of the Bankruptcy, Business Restructuring and Creditor Rights group. He helps business owners, lenders and other stakeholders when companies are in transition. Since 1986, he has focused his practice on mergers and acquisitions, debt refinancing and restructuring, business workouts and turnarounds, and a full range of other business matters, including fraudulent transfer and successor liability litigation resulting from deals that turned sour.
Michael has represented both healthy and distressed companies in connection with sales, refinancings, and liquidations, as well as in chapter 11 section 363 asset sales and “true reorganization” bankruptcy cases where judicial remedies are needed. Representative client industries include technology, machinery dealers, hotel/hospitality, service providers, manufacturers, real estate developers, agriculture, high-tech manufacturers and pharmaceutical testing companies.
Additionally, Michael represents secured and unsecured creditors and other stakeholders in distressed businesses, including with foreclosure proceedings, preference and other bankruptcy-related litigation, credit department collections and workout advice, and consensual refinancing or restructuring. He has also represented Creditor Committees (or individual committee members in larger cases) in chapter 11 bankruptcy cases as well as chapter 7 trustees and receivers.
Michael is a member of the Association for Corporate Growth, the Indiana Association for Corporate Renewal, the Turnaround Management Association, the American Bankruptcy Institute, and several other similar organizations, as well as state and local bar associations. Licensed in Indiana, Illinois and Arizona (currently inactive in Arizona), and in numerous federal courts (all the way up to the U.S. Supreme Court), he is a frequent speaker and author on M&A, refinancing and restructuring topics.
Also, after having served on several charity and church boards himself, Michael now assists non-profit entities in formation and governance matters and has helped numerous churches and pastors that needed to part company in an appropriate way.
Michael is a member of the board of directors for the Indianapolis Symphony Orchestra and the Greater Indianapolis Progress Committee.
Michael is recognized by Best Lawyers in America for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Bankruptcy Litigation and has been named an Indiana Super Lawyer for Bankruptcy & Creditor/Debtor Rights.
AV Peer Review Rating (LexisNexis/Martindale-Hubbell) (Awarded), American Bankruptcy Institute (Member), Association for Corporate Growth (Member), Best Lawyers in America (Honoree), Indiana Association for Corporate Renewal (Member), Indiana Super Lawyers (Honoree), Turnaround Management Association (Member)
One Hundred Sixty-One Taft Attorneys Selected for Inclusion in Best Lawyers in America 2016
Twenty-Eight Taft Attorneys Selected for Inclusion in Indiana Super Lawyers 2015
One Hundred Thirty-Nine Taft Attorneys Selected for Inclusion in Best Lawyers in America 2015
Twenty-Eight Taft Attorneys Selected for Inclusion in Indiana Super Lawyers 2014
O'Neil Elected to Indianapolis Symphony Orchestra Board
One Hundred Twenty-Four Taft Attorneys Selected for Inclusion in The Best Lawyers in America 2014
Twenty-Six Taft Attorneys Named as 2013 Indiana Super Lawyers
24 Taft Lawyers Named as 2012 Indiana Super Lawyers
The Best Lawyers in America Selects 97 Taft Attorneys
23 Taft Lawyers Named as 2011 Indiana Super Lawyers
In the News
Taft Attorneys Michael O'Neil and Andrew Kight Published in Journal of Corporate Renewal
Ensuring Professional Compensation in Workouts, Bankruptcies
Seven Ways Your Life Will Change When Your Loan Moves to Your Bank's Workout Department
Bring It Back Home: Advice on buying back your business
Secured Creditors Must Act to Preserve Security Interests in Reorganization Plans
American Bankruptcy Institute Central States Conference