Jason W. Bank has over 20 years of experience in bankruptcy, restructuring and general corporate law.
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 for ten years and was named one of the Top 100 Attorneys in Michigan by this publication for 2015-2017. He has also been recognized by Best Lawyers in America and has been selected as a Top Lawyer by DBusiness Magazine in the areas of Bankruptcy and Creditor/Debtor Rights and Insolvency and Reorganization Law
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.
- 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
- Mediator – U.S. Bankruptcy Court for Eastern District of Michigan
- Rules Advisory Committee, U.S. Bankruptcy Court for Eastern District of Michigan
- Detroit Metropolitan Bar Foundation, Fellow
Bar and Court Admissions
- United States District Court, Eastern District of Michigan
- United States District Court, Western District of Michigan
- United States District Court, Northern District of Ohio
- United States Court of Appeals for the Sixth Circuit
- Wayne State University Law School, J.D.
- University of Michigan, A.B.
Insights & News
October 8, 2019
Jason Bank Article Discusses Workouts and Bankruptcy Proceedings for Business in Michigan Bar Journal
September 5, 2019
September 3, 2019
August 15, 2019
September 20, 2018
September 11, 2018
September 7, 2018
September 4, 2018
Jason Bank publishes "Nuts and Bolts of Evaluating Third-Party Releases in Chapter 11 Plans" in the American Bankruptcy Institute Journal
July 11, 2018
The Detroit Bar Association welcomes slate of 2018-19 officers, including Joanne Swanson, president-elect
May 15, 2018
May 13, 2018
April 26, 2018
Kerr Russell, Jason Bank support Southeast Michigan American Heart Association Heart Walk ... seventh inning stretch!
April 5, 2018
April 4, 2018
March 29, 2018
March 21, 2018
March 19, 2018
February 26, 2018
February 15, 2018
January 26, 2018
January 16, 2018
ACG/TMA co-host, Kerr Russell sponsors "Automotive Landscape: An Inside Look at a Driver of the Global Economy"
January 15, 2018
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
December 7, 2017
December 5, 2017
November 30, 2017
November 30, 2017
November 21, 2017
November 17, 2017
Matrix Human Services receives Corporate Citizen Outreach Recognition from Detroit Bar Association Foundation
November 16, 2017
November 3, 2017
November 3, 2017
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
October 12, 2017
October 11, 2017
October 10, 2017
September 18, 2017
September 12, 2017
August 22, 2017
August 21, 2017
August 10, 2017
March 6, 2017
November 7, 2016
November 1, 2016
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.
January 1, 2016
August 15, 2014
June 11, 2014
Jason W. Bank authors, "Navigating Financial Turbulence; Preserving Air Carrier Certificates in Chapter 11"
October 12, 2013
July 11, 2011
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.