Ron Spinner brings extensive business experience to his bankruptcy practice, developing results-oriented strategies and breaking new legal ground where necessary to do so.
Indeed, Ron's ability to deal with novel situations helped tremendously in the City of Detroit bankruptcy case, where questions of first impression arose regularly. His ability to navigate the unique aspects of chapter 9 aided (and continues to aid) the City in its recovery.
As another example, Ron represented a creditor who "factored" the debtors' invoices. Courts typically characterize factoring as a "true sale" or a lending relationship (with no ground in between), oversimplifying the relationship and often leading to unnecessary conflict. Ron persuaded the court to consider the factoring arrangement as a series of individual transactions, each of which it could authorize separately. This provided the factor with strong protections, allowing the debtor to retain its funding source for its bankruptcy case. Creative application of the bankruptcy code thus resulted in a successful reorganization for the debtor and payment in full for Ron's client.
Ron's specialty is preference defense, also known as "claw back actions," where a debtor seeks to recover money that it previously paid to its creditors. By resolving these cases out of court, Ron obtains exceptional results for his clients while keeping costs down. For example, one client asked Ron to defend five such actions for it, with over $2.4 million in total potential liability. After analyzing the claims, Ron was able to negotiate reasonable resolutions in all five cases. Two were resolved for small settlement payments and the remaining three were simply dismissed by the respective debtors for no payment at all.
More Legal and Business Bylines From Ronald A. Spinner
- Debt Limit to Qualify for Subchapter V and Chapter 13 Set to Revert This Summer - (Posted On Wednesday, March 13, 2024)
- Fifth Circuit Continues Bankruptcy Sale Protections After Supreme Court MOAC Opinion - (Posted On Friday, March 01, 2024)
- Supreme Court Rules That Section 363(m) Protections for a Bankruptcy Sale Are Not Jurisdictional - (Posted On Wednesday, April 26, 2023)
- Michigan Bankruptcy Exemptions Set to Rise Significantly on March 1 - (Posted On Tuesday, February 07, 2023)
- Celsius Cryptocurrency Woes - (Posted On Wednesday, January 11, 2023)
- Sunset of Certain Bankruptcy Code Changes - (Posted On Monday, December 05, 2022)
- Is Crypto Collapsing? - (Posted On Tuesday, November 15, 2022)
- Eleventh Circuit Bolsters Preference Defense by Holding That 503(b)(9) Claims Do Not Reduce the Subsequent New Value Defense - (Posted On Thursday, July 21, 2022)
- Passage of Bankruptcy Threshold Adjustment and Technical Corrections Act - (Posted On Tuesday, June 28, 2022)
- Michigan Adopts Its Version of the Uniform Assignment of Rents Act - (Posted On Monday, June 27, 2022)
Miller Canfield has been awarded a 2022 Thought Leadership Award by the National Law Review for their coverage of ongoing changes to the U.S. Bankruptcy Code. On April 1, 2022, the Bankruptcy Code was adjusted for inflation and authors Ronald A. Spinner and Marc N. Swanson detailed the changes at length in their article, “Bankruptcy Dollar Amounts Set to Rise April 1, 2022, by a Significant Amount.” The authors’ timely and detailed analysis of the Bankruptcy code changes illustrates their depth of knowledge in the insolvency and restructuring areas of law.