Jason W. Bank

JB
Attorney Awards

Biography

Jason W. Bank has over 20 years of experience in bankruptcy, restructuring and general corporate law.

Bio

He focuses his practice in the areas of commercial bankruptcy, out-of-court workouts, corporate restructuring and creditors’ rights. Jason is the chair of the firm’s Bankruptcy and Restructuring Department.

Jason has successfully guided numerous businesses through out-of-court restructurings and Chapter 11 reorganizations. He has negotiated resolutions of complex financial issues and debtor-creditor disputes and achieved consensual restructurings while avoiding bankruptcy or litigation. Where necessary, Jason has filed Chapter 11 petitions on behalf of businesses to protect their assets and operations. He has helped to reorganize businesses in a wide variety of industries, including automotive, retail, construction, education, real estate, sports and entertainment.

Jason has considerable experience representing clients in connection with Chapter 11 bankruptcy and out-of-court restructurings in the health care industry. Many organizations within the health care industry-from physician groups to hospitals to health systems- are experiencing distress due to economic challenges, regulatory changes, technological advances, and competitive pressures. He helps clients navigate these challenges and get their businesses back on firm footing.

Jason also devotes a significant amount of his practice to the representation of creditors in distressed situations and workouts, providing counsel, negotiating resolutions, and initiating litigation, when necessary, to enforce his clients’ rights. He represents creditors across a wide variety of industries, with a particular emphasis on the automotive industry, including serving as creditors’ rights counsel to a Tier One auto supplier. He also assists numerous parties with buying and selling assets out of bankruptcy, and in connection with bankruptcy-related litigation, including prosecuting and successfully defending preferential transfer and fraudulent conveyance actions.

In addition to his bankruptcy practice, Jason provides general legal counsel and advice to numerous small- and middle-market businesses and business owners. His corporate work includes representing clients in connection with transactional and litigation matters. He also assists businesses and individuals with resolution of tax collection disputes.

Jason has served as an adjunct professor of law at the Michigan State University College of Law on the subject of Chapter 11 bankruptcy reorganization. Jason served as President of the Detroit Chapter of the Turnaround Management Association and served on the TMA’s Board of Directors from 2012 through 2018. He frequently lectures to professional and trade associations, and publishes on the subjects of bankruptcy and restructuring. He represents Kerr Russell on the Southeast Michigan American Heart Association Metro Detroit Heart Walk Executive Cabinet.

Jason is a certified mediator and serves on the U.S. Bankruptcy Court for the Eastern District of Michigan’s Facilitative Mediation Panel.

Jason has been recognized as a “Michigan Super Lawyer” by Thomson Reuters on numerous occasions and was named one of the Top 100 Attorneys in Michigan by this publication for 2015-2017. He has also been named a “Top Lawyer” by DBusiness Magazine in the area of Bankruptcy and Creditor/Debtor Rights for several years.

Jason is an active member in his community and in connection with various causes, including volunteering with Boy Scouts of America, coaching Little League baseball, and being an active member of his church St. Thomas a Becket in Canton, Michigan.

Jason Bank publishes “Nuts and Bolts of Evaluating Third-Party Releases in Chapter 11 Plans” in the American Bankruptcy Institute Journal

Insights & News

September 20, 2018

Kerr Russell recognizes our 2018 dbusiness Top Lawyers in Metro Detroit honorees

Kerr Russell recognizes this year’s dbusiness Top Lawyers in Metro Detroit honorees - 21 attorneys, many for multiple practice areas.

September 11, 2018

Sneak peek of Dbusiness Magazine Top Lawyers photo shoot with Kerr Russell

A little sneak peek of today’s DBusiness Magazine “Top Lawyers” photo shoot of Kerr Russell with the talented and gracious David Frechette. Thank you to Valerie Maness for her assistance.

September 7, 2018

15 Kerr Russell attorneys recognized as 2018 Super Lawyers

Congratulations to the following attorneys who have been designated Super Lawyers by Thomson Reuters:

September 4, 2018

Jason Bank publishes Nuts and Bolts of Evaluating Third-Party Releases in Chapter 11 Plans in the American Bankruptcy Institute Journal

Kerr Russell member Jason Bank (bankruptcy/turnaround) has been published in the September issue of The American Bankruptcy Institute Journal.

July 11, 2018

The Detroit Bar Association welcomes slate of 2018-19 officers, including Joanne Swanson, president-elect

From DBusiness: The Detroit Bar Association welcomed its slate of 2018-19 officers on June 20 at the Detroit Club during its annual meeting.

May 15, 2018

Kerr Russell supports, attends Matrix Human Services Mission Fundraising Breakfast

Kerr Russell was pleased to support Matrix Human Services today at the Matrix Mission Fundraising Breakfast at the Detroit Athletic Club. A magnificent nonprofit doing incredible work in our community. Thank you, Matrix. #MatrixMission. Attending on behalf of Kerr Russell were Jason Bank, Brandy Mathie, and Roy Sexton.

May 13, 2018

2018 Detroit Heart Walk a great (if rainy) success - Kerr Russell colleagues contribute over $6,000

Kerr Russell's participation in the 25th anniversary Detroit Heart Walk, benefiting the Southeast Michigan American Heart Association, was a great success, with Kerr Russell colleagues raising $6,230 to contribute to the cause. This was in addition to the firm's overall sponsorship and to member Jason Bank's leadership on the Heart Walk's executive cabinet.

April 26, 2018

Kerr Russell, Jason Bank support Southeast Michigan American Heart Association Heart Walk ... seventh inning stretch!

We are in the seventh inning stretch, folks. The Southeast Michigan American Heart Association Heart Walk is just over two weeks away. Kerr Russell has been so pleased to support this effort to increase heart health awareness in our community. Diet and exercise and regular screenings are the key to a happy and healthy heart. Our firm is represented by Jason Bank, member - bankruptcy/turnaround, on the Heart Walk executive cabinet. Henry Ford Health System's Wright Lassiter, III and Wayne State University's M. Roy Wilson chair the committee.

April 5, 2018

Fred Herrmann honored at Michigan Lawyers Weekly's Leaders in the Law luncheon

On April 5, Kerr Russell member Fred Herrmann (antitrust, litigation, dispute resolution) was honored at a luncheon, held at the Detroit Marriott - Troy, alongside the rest of Michigan Lawyers Weekly's Leaders in the Law Class of 2018. Kerr Russell attendees included Jim Cambridge, Jason Bank, Dan Schulte, Dan Ferris, Jeff May, Anna Valk, Ashley Racette, and Roy Sexton. Fred's wife Mindy Herrmann was there as well. (Picture left. To the left, Fred receives his award from Opinion Editor Agenique Smiley.)

April 4, 2018

Jason Bank appointed to Chapter Health Working Group by TMA Global

Kerr Russell member Jason Bank (turnaround, bankruptcy) has been appointed to the Chapter Health Working Group of the Turnaround Management Association (TMA) Global.

March 29, 2018

Detroit Public Television's PBSNewsHour and Nightly Business Report to be sponsored by Kerr Russell

Kerr Russell is pleased to support Detroit Public Television, and, beginning April 2, the following spot will air during PBS NewsHour (weekdays, 6-7 pm) and the Nightly Business Report (weekdays, 7-7:30 pm). View the spot here.

March 21, 2018

Toys R Us Bankruptcy and Ongoing Retail Distress

Toys R Us has filed documents in U.S. Bankruptcy Court detailing plans to close all of its stores and liquidate its remaining inventory. This process will result in the closure of 735 stores and eliminate 33,000 jobs. Toys R Us earned fifteen percent of all toy-related revenue in the U.S., but could not sustain a viable, competitive business while saddled with a whopping $5 billion of debt.

March 19, 2018

Kerr Russell kicks off American Heart Association Heart Walk involvement

We had a full house today for Kerr Russell's Southeast Michigan American Heart Association American Stroke Association #HeartWalk firm-wide kick-off! Thanks to Jason Bank, Member and Kerr Russell's representative on the 25th Anniversary Heart Walk Executive Cabinet, as well as Annie Hill, AHA Development Director, for their remarks. Kerr Russell's team page: https://lnkd.in/dxjus74

February 26, 2018

Kerr Russell's latest ad Driven By Results debuts in Crain's M&A, Biggest Deals issue this week

Kerr Russell's latest ad Driven By Results debuts in Crain's M&A, Biggest Deals issue this week. The ad emphasizes the firm's 143-year presence in Detroit as part of the larger business and legal community. We understand the region. We know what moves Michigan. We are committed to the community.

February 15, 2018

Jason Bank, new member of Detroit Athletic Club

Congratulations to Kerr Russell member Jason Bank (bankruptcy, restructuring) on becoming a member of the Detroit Athletic Club. Other Kerr Russell partners who belong to the DAC include Mark Cunningham, Dan Schulte, and Kurt Vilders. Associate Stephen Reaume is also a member.

January 26, 2018

Download Kerr Russell's updated firm brochure and overview of services

Kerr Russell is proud of Detroit. We are proud to have had a seat at the table here since 1874. Our exceptional attorneys understand the unique challenges facing business leaders. Our legal solutions are prompt, accurate, economical, and focused around your needs in every area. We know Michigan business like the back of our hands.

January 16, 2018

ACG/TMA co-host, Kerr Russell sponsors Automotive Landscape: An Inside Look at a Driver of the Global Economy

The Association for Corporate Growth Detroit/Turnaround Management Association Detroit joint breakfast “The Automotive Landscape: An Inside Look at a Driver of the Global Economy” was held on January 16 at the Detroit Athletic Club. Kerr Russell is a silver sponsor of TMA. Presenters included Michael Robinet, Managing Director, IHS Markit’s Automotive Global Advisory, and Peter Nagle, IHS Markit’s Automotive Senior Automotive Economist, North American Industry Analysis.

January 15, 2018

Influencing the Legal Landscape - new Kerr Russell ad to appear in dbusiness

Kerr Russell introduces the third ad in the new Est. in Detroit 1874 series: Influencing the legal landscape. The piece emphasizes the firm's 143-year presence in Detroit as part of the larger business and legal community. We don't sit on the sidelines. We are active in industry groups and we're driving legislative change. We are leaders in the law.

December 18, 2017

Kerr Russell team makes holiday donations to Capuchin Soup Kitchen, Wigs 4 Kids, Ronald McDonald House Charities of Ann Arbor, and Children's Hospital of Michigan

One of our traditions here at Kerr Russell is to hold a holiday raffle to benefit three local charities as well as to conduct a toy drive for local children. This year's raffle (many of the beautiful and festive prizes picture here) raised a record total of $3,450 which will be divided equally among three organizations: Capuchin Soup Kitchen, Wigs 4 Kids of Michigan, Inc., and Ronald McDonald House Charities of Ann Arbor.

December 7, 2017

William Blasses honored as Up & Coming Lawyer at Michigan Lawyers Weekly 2017 luncheon

William Blasses was recognized as one of Michigan Lawyers Weekly's Up & Coming Lawyers at their 2017 luncheon on December 7 at the Detroit Marriott in Troy.

December 5, 2017

Kerr Russell attorneys attend dbusiness Breakfast Series, featuring David Littmann

Kerr Russell sponsored the December 5 DBusiness Magazine Breakfast Series at the Gem/Century Theatres, which featured an economic forecast from Comerica Bank's David Littmann.

November 30, 2017

Merry and bright ... Kerr Russell welcomes the holiday season

It's a time to celebrate, reflect and remember. However you mark the holidays, we hope your days are filled with warmth and thankfulness, good times, and endless cheer. As another year draws to a close, we at Kerr Russell are grateful to you. You give purpose to our work and add meaning to our relationships. Your trust is a cherished gift. Enjoy these images as we get our offices ready to celebrate the holiday season. Design by Mandy Lark of Lark Interior Design.

November 30, 2017

Kerr Russell, Boulevard Investment lunch and learn

Kerr Russell hosted Royal Oak's Boulevard Investment Banking at our Detroit office for a lunch-and-learn event on Thursday, November 30. From Boulevard's website: Boulevard is a boutique, investment banking and private investment firm focused on working with owners, operators, and businesses active in the middle market.

November 21, 2017

Detroit Bar Honors Mayor Mike Duggan at 2017 Archer Award Gala; Kerr Russell a Silver Sponsor

From the Detroit Bar Association: Congratulations to Mayor Mike Duggan who was presented the Dennis Archer Public Service Award by the Detroit Bar Foundation Thursday, November 16 at the Detroit Yacht Club. Also congratulations to the Detroit Bar Legal Scholars for their original legal work product that advances the field of law and our Corporate Citizen Outreach Recognition of DTE Energy, Matrix Human Services, Ally Financial and General Motors Company.

November 17, 2017

Matrix Human Services receives Corporate Citizen Outreach Recognition from Detroit Bar Association Foundation

Kudos to Matrix Human Services for receiving Corporate Citizen Outreach Recognition from the Detroit Bar Association Foundation. The award was presented on November 16 at the Detroit Bar Association Foundation's Dennis W. Archer Public Service Award event - which also honors legal professionals whose careers demonstrate an outstanding commitment to public service.

November 16, 2017

Culture of Connection - new Kerr Russell ad to appear in Michigan Lawyers Weekly and dbusiness

Kerr Russell introduces the second ad in the new Est. in Detroit 1874 series: A culture of connection. The piece emphasizes the firm's 143-year presence in Detroit as part of the larger business and legal community. We are relationship focused. We know our people and our clients are the lifeblood of our firm.

November 3, 2017

Kerr Russell launches new advertising in upcoming issues of dbusiness and Crain's Detroit

With this month's issue of dbusiness, focused on Top Lawyers in Metro Detroit, Kerr Russell launches its new brand advertising with A Track Record of Results. Working with Identity Public Relations and Marketing, Kerr Russell's marketing team developed the creative to emphasize the firm's longstanding place in Detroit's legal and business history.

November 3, 2017

Kerr Russell recognizes this year’s dbusiness Top Lawyers in Metro Detroit honorees

Kerr Russell recognizes this year’s dbusiness Top Lawyers in Metro Detroit honorees:

November 1, 2017

Kerr Russell ranked in the 2018 U.S. News - Best Lawyers Best Law Firms list nationally in 1 practice area and regionally in 17 practice areas

U.S. News & World Report and Best Lawyers, for the eighth consecutive year, announce the Best Law Firms rankings.

October 12, 2017

dBusiness' coverage of 30 in Their Thirties - Kerr Russell attorneys featured in photo gallery

From dBusiness: On Oct. 10, dBusiness magazine hosted a breakfast to honor the 2017 Class of 30 in Their Thirties at the Gem Theatre in downtown Detroit. The keynote speaker was Tony Michaels, president and CEO of The Parade Co. in Detroit, who addressed the business side of planning and operating America’s Thanksgiving Parade Presented by Art Van as well as the Ford Fireworks and other family-orientated events.

October 11, 2017

Jason Bank featured in Turnaround Management Association Detroit, Fall '17 Newsletter

Jason Bank, member, is featured in the Turnaround Management Association Detroit Fall 2017 Newsletter. You can read the original newsletter here. The full text of the piece by Allison Bach follows.

October 10, 2017

Attorneys celebrate 30 in Their 30s at dBusiness breakfast

Kerr Russell attorneys William Blasses, Jason Bank, Kate McCarroll, Ashley Racette, Broc Gullett, and Katherine Cser celebrated the DBusiness Magazine’s 30 in Their 30s honorees and learned about The Parade Company at the dBusiness Breakfast on October 10 at the Gem/Century Theatres.

September 18, 2017

Kerr Russell welcomes parents and students to Matrix Human Services Headstart Plymouth Center

What a great way to start the week! Partners Fred Herrmann and Jason Bank along with Director of Marketing Roy Sexton joined President and CEO of Matrix Human ServicesBrad Coulter and Assistant Director Nolana Nobles Bandy PhD to greet parents and children arriving at Matrix's Headstart Plymouth Center in Detroit this morning as well as to provide a continental breakfast for the parents.

September 12, 2017

16 Kerr Russell attorneys recognized as 2017 Super Lawyers

Congratulations to the following attorneys who have been designated Super Lawyers by Thomson Reuters.

August 22, 2017

dbusiness' Powered by Women breakfast - August 22

Congratulations to this year's dbusiness Powered by Women honorees: Terri Harwood of North American Bancard, Katie Bowman Coleman of Bowman Chevrolet, Amy Robinson of The Kresge Foundation, Monica L. Martinez of Comerica Bank, Lilly Epstein Stotland of Vesco Oil Corp., Christine Sitek of General Motors, Tricia Ruby of Ruby+Associates, Inc. Structural Engineers, and Sara Blackmer of RAVE Computer. From reader nominations, dbusiness selected eight professional women who are driving growth in Michigan, the nation, and the world. Exceptionally accomplished and well deserving group!

August 21, 2017

2017 Associate Golf Outing at Links of Novi

Like many organizations, we are so dedicated to creating client value, meeting your needs, and exceeding your expectations that we may neglect to recharge our own batteries, on the way to inspiring even greater collaboration, ingenuity, and teamwork.

August 10, 2017

A culture of giving

If you want to know how a firm can thrive for over 140 years in a city that has faced considerable challenges, walk through the door of Kerr Russell’s suite on the 25th floor of the Detroit Center and get a feel for the people.

March 6, 2017

U.S. Bankruptcy Court appoints Jason W. Bank to its Mediation Panel

In March 10, 2017, the United States Bankruptcy Court for the Eastern District of Michigan appointed Jason W. Bank to its Mediation Panel.

November 7, 2016

Kerr Russell attorneys named 2017 Top Lawyers by dBusiness Magazine

Kerr Russell counts 11 attorneys among this year’s Top Lawyers as recognized by dBusiness magazine. The 2017 Top Lawyers were selected based on a peer review survey of 19,000 attorneys in Wayne, Oakland, Macomb, Washtenaw, and Livingston counties. Attorneys are asked to nominate lawyers among 48 legal specialties.

November 1, 2016

Kerr Russell Attorneys Named 2016 Super Lawyers

Kerr Russell attorneys have been named SuperLawyers for 2016, two have been named to the Michigan Top 100 and four have been named as Rising Stars.

August 9, 2016

“Legal Update - Second Circuit Pumps Brakes on General Motors and Free and Clear Asset Sales - By Jason W. Bank, Chair of Kerr Russell’s Bankruptcy and Restructuring Practice.

Seven years after speeding its way through a bankruptcy court approved transformation to a new company, General Motors faces a major roadblock. The Second Circuit Court of Appeals has ruled that vehicle owners may pursue GM for successor liability for vehicle defect claims that arose prior to its bankruptcy filing.

January 1, 2016

Jason W. Bank leads Treetops Resort through a successful Chapter 11 Reorganization.

A popular Gaylord-area resort whose big-name owners include former Chrysler Corp. CEO Robert Eaton may be ready to seek new financing for improvements and growth after improving its balance sheet and unloading nearly $35 million in debt.

August 15, 2014

Jason W. Bank authors article The Detroit Bankruptcy: The Olympics of Restructuring

Kevyn Orr referred to the herculean task of fixing the City’s financial woes as the “Olympics of Restructuring.” Mr. Orr has officially entered the medal round based upon the recent filing of the City of Detroit’s Plan of Adjustment, which sets forth his proposal for repayment of creditors and his vision for improving services for City residents. Very shortly, Mr. Orr will attempt to earn the gold medal of restructuring by obtaining Bankruptcy Court approval of his plan.

June 11, 2014

Jason W. Bank authors, Navigating Financial Turbulence; Preserving Air Carrier Certificates in Chapter 11

The aviation industry has endured a significant amount of financial distress since the Sept. 11, 2001, terrorist attacks. In recent years, regional air carriers, a once-profitable segment of the airline industry, have experienced a bumpy ride due to a decreased demand in military spending, wildly fluctuating fuel costs and an overall weakness in the global economic markets. Several regional airlines have recently filed for bankruptcy to pursue mergers, sales or other restructurings of their operations.

October 12, 2013

Jason W. Bank authors The Motor City Faces a Rocky Road in Chapter 9 Bankruptcy

On the day of his appointment as the City of Detroit's emergency financial manager, Kevyn Orr referred to the herculean task of fixing the city's balance sheet as the Olympics of Restructuring. In order to earn the gold medal, Mr. Orr has filed the largest Chapter 9 municipal bankruptcy in U.S. history. This article discusses some of the key aspects of Chapter 9 and explores the significant differences between Chapter 9 and Chapter 11 business reorganizations.

July 11, 2011

Jason Bank authors Overview of Chapter 9 Bankruptcy

As cities, townships and municipalities struggle to address the sobering reality of a mountain of debt and decreased revenues, one tool at their disposal is Chapter 9 municipal bankruptcy. For many at the state and local level, filing for Chapter 9 bankruptcy is still viewed as the unthinkable, nuclear option. For others, Chapter 9 is viewed as a viable tool to restore financial stability to a community.

Areas of Practice (7)

  • Bankruptcy and Restructuring
  • Creditors' Rights
  • Business and Corporate Law
  • Automotive Industry Group
  • Health Care Law
  • Litigation and Dispute Resolution
  • Taxation

Education & Credentials

Contact Information:
313-961-0200  Phone
313-961-0388  Fax
www.kerr-russell.com
University Attended:
University of Michigan, B.A., 1992
Law School Attended:
Wayne State University, J.D., 1997
Year of First Admission:
1997
Admission:
Michigan; United States District Court, Northern District of Ohio; United States Court of Appeals for the Sixth Circuit; United States District Court, Eastern District of Michigan; United States District Court, Western District of Michigan
Memberships:

Affiliations

•Turnaround Management Association - President (2016-17), Board of Directors, Detroit Chapter (2012 - 2018)
•American Bankruptcy Institute
•Federal Bar Association
•Detroit Metropolitan Bar Association, Debtor-Creditor Rights Section
•State Bar of Michigan - Business Law Section
•Rules Advisory Committee, U.S. Bankruptcy Court for Eastern District of Michigan
•Detroit Metropolitan Bar Foundation, Fellow

Reported Cases:
Representative Matters: Lead counsel for Chapter 11 reorganization of large automotive dealership.; Represented numerous creditors in distressed automotive supplier matters.; Completed successful Chapter 11 reorganization of local child care and learning center, thereby preserving jobs and child care services for over 100 families.; Successfully defended three parties in fraudulent conveyance actions brought by a bankruptcy trustee by obtaining settlement for a small fraction of the amounts sought in the Complaint.; Representation of creditor/landowner in Chapter 11 sale of large automotive dealership.; Representation of state-court appointed receivers in connection with liquidation of auto supplier and fuel jobber.; Representation of trade creditors in City of Detroit Chapter 9 bankruptcy.; Lead counsel for successful Chapter 11 reorganization of an aviation shuttle business that restructured its balance sheet to enable it to operate profitably upon emergence from bankruptcy.; Completed successful Chapter 11 reorganization of a healthcare services business, with the consent of all major creditors.; Represented numerous distressed companies in resort and entertainment industry, including multiple golf courses.; Assisted small business owner with liquidation of distressed real estate portfolio and release of personal guarantees through settlements with lenders. Protected personal and business assets while avoiding bankruptcy.; Obtained authority for creditor to file $14 million claim after bar date had passed in Chapter 11 bankruptcy case.; Representation of creditor in objection to bankruptcy discharge of business owner resulting in a significant settlement.
ISLN:
912465843

Peer Reviews

5.0/5.0 (1 review)
Peer Reviewed
  • Legal Knowledge

    5.0/5.0
  • Analytical Capability

    5.0/5.0
  • Judgment

    5.0/5.0
  • Communication

    5.0/5.0
  • Legal Experience

    5.0/5.0

*Peer Reviews provided before April 15, 2008 are not displayed.

Detroit, Michigan

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