“The Detroit Athletic Club (often referred to as the DAC) is a private social club and athletic club located in the heart of Detroit’s theater, sports, and entertainment district. It is located across the street from Detroit’s historic Music Hall. The clubhouse was designed by Albert Kahn and inspired by Rome’s Palazzo Farnese. It contains full-service athletic facilities, pools, restaurants, ballrooms, and guest rooms. Members include businessmen of all types as well as professional athletes. Ty Cobb is among the athletes to have been a member of the DAC. The Detroit Athletic Club was founded in 1887 to encourage amateur athletic activities, and built a clubhouse with a tract in what is now Detroit’s Cultural Center. Henry Joy, son of the man who built the Michigan Central into one of the nation’s most successful large railroads, served as president of the Packard Motor Car Company in the early decades of the last century. He felt that the rich new titans of the booming automobile industry spent too much time in the Woodward Avenue pubs. He thought they needed a club commensurate with this stature.”
Jason Bank has 20 years of experience in bankruptcy and 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 achieved consensual restructurings of creditor claims 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, health care, retail, construction, education, real estate, sports and entertainment. In addition to his bankruptcy practice, Jason provides general legal counsel to numerous small to middle market businesses and business owners.
Jason has considerable experience representing debtors, creditors’ committees, trustees, receivers and a wide variety of creditors in bankruptcy, receiverships, bankruptcy-related litigation, out-of-court restructurings and loan workouts. He has assisted numerous parties with buying and selling assets out of bankruptcy. Jason also has represented multiple parties in 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. 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 is the immediate past President of the Detroit Chapter of the Turnaround Management Association and has served on the TMA’s Board of Directors since 2012. 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 has been recognized as a “Michigan Super Lawyer” by Thomson Reuters and was named one of the Top 100 Attorneys in Michigan by this publication for 2015-2017. He was named a “Top Lawyer” by dBusiness Magazine in the area of Bankruptcy and Creditor/Debtor Rights.