Gus Kallergis, a Partner and Co-Chair of Calfee's Business Restructuring and Insolvency Practice Group, has significant experience with both large and middle market Chapter 11 and business restructuring and commercial matters.
Gus focuses primarily on corporate restructuring, commercial and creditors’ rights, workouts, distressed sales and acquisitions and other insolvency-related matters. He has experience representing borrowers, debtors, directors, creditors, buyers of assets and businesses, secured lenders, ad hoc bondholder committees, official creditors’ committees, Chapter 7 trustees, lessors, lessees and other parties in commercial, distressed or insolvency-related transactions and litigation both inside and outside of bankruptcy.
Gus regularly represents lenders in DIP financing, workouts, loan sales, debt to equity conversion strategies, and collateral dispositions through U.C.C. Article 9 (secured party sales/friendly foreclosure), bankruptcy and receivership.
Gus also has extensive experience representing borrowers and lenders in commercial finance matters and also counseling clients with Uniform Commercial Code issues and controversies.
A substantial portion of Gus’ practice is devoted to representing buyers interested in acquiring assets out of bankruptcy, receivership and other distressed situations, including secured party sales.
Gus has been listed as a "Leading Lawyer" in Chambers USA: America's Leading Lawyers for Business (2021) in Ohio for Bankruptcy/Restructuring. He has been selected for inclusion in The Best Lawyers in America© (2016-2022) in the areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law as well as Litigation - Bankruptcy. Gus also has been selected to the Ohio Super Lawyers list (2017-2021).
Gus is a director (2014 – present) and currently the President of the Northern Ohio Chapter of the Turnaround Management Association and a member of the Bankruptcy and Commercial Law Section of the Cleveland Metropolitan Bar Association, the American Bankruptcy Institute and ACG Cleveland.
He serves on the Parish Council at Saints Constantine and Helen Greek Orthodox Cathedral. He is a trustee of the Cleveland AHEPA Scholarship Fund. Gus also serves on the board of the Shaker Youth Hockey Association (President 2019-2021).
Before joining Calfee in 2008, Gus was an associate at Jones Day. He became a Calfee partner in 2011.