Christopher M. Cahill


Christopher M. Cahill

Head of Bankruptcy and Restructuring Group | 312-628-7193 |

Mr. Cahill advises businesses on relationships with vendors, customers, and lenders, to maximize market share, return, and liquidity. He also represents secured creditors, trade creditors, and others with respect to litigation in chapter 11 cases and corporate restructuring more generally, including workouts, loan forbearance, assignments for the benefit of creditors, UCC Article 9 foreclosure sales, and avoidance litigation.

Mr. Cahill has substantial mega-case chapter 11 experience at national law firms representing very large debtors, and counsels and litigates (including several trials) on behalf of manufacturers, secured lenders, and other parties in interest in large and middle-market cases.

Mr. Cahill also publishes frequently and speaks regularly on commercial insolvency and commercial transaction issues. He is an Executive Editor of Commercial Bankruptcy Litigation, 2d Edition (Jonathan P. Friedland, Elizabeth Vandesteeg & Christopher M. Cahill eds., 2020), a comprehensive treatise that is updated annually and published by Thomson Reuters.

In addition, Mr. Cahill is the host of Financial Poise Radio, a weekly interview and commentary podcast for investors and other market participants, with 100 episodes and counting, posted on Here is Episode 91, with Jeff Pomerantz, the President of the American Bankruptcy Institute, discussing retail distress; and Episode 57, with Vitaliy Katsenelson, CFA and host of Contrarian Edge podcast, about his book “Sideways Markets.”


Illinois; U.S. District Courts of the Northern District of Illinois, Central District of Illinois, Eastern District of Michigan, and Eastern District of Wisconsin

Sample of Recent Publications

Commercial Bankruptcy Litigation (Jonathan P. Friedland, Elizabeth B. Vandesteeg & Christopher M. Cahill eds, 2d ed. 2020) [comprehensive treatise published by Thomson Reuters and updated annually; Executive Editor from 2014 to present]

Christopher M. Cahill and Jonathan P. Friedland, “Overview,” Chapter 1 of Commercial Bankruptcy Litigation (Jonathan P. Friedland, Elizabeth B. Vandesteeg & Christopher M. Cahill eds, 2d ed. 2020)

Christopher M. Cahill and Lars Peterson, “Litigation Concerning the Use, Sale, or Lease of Estate Property Other Than Cash Collateral,” Chapter 7 of Commercial Bankruptcy Litigation (Jonathan P. Friedland, Elizabeth B. Vandesteeg & Christopher M. Cahill eds, 2d ed. 2020)

Christopher M. Cahill, “Meridian Sunrise Village: Highlighting Some Risks for Loan-to-Own,” DailyDAC (May 6, 2020)

Lars Peterson and Christopher M. Cahill, “Considerations When Selling a Bankruptcy Claim,” DailyDAC (Feb. 12, 2019)

Michael A. Brandess, Christopher M. Cahill & Jonathan P. Friedland, “Does Newspaper Notice Constitute ‘Commercially Reasonable Notice’ in 2016?” 47 Uniform Commercial Code Law Journal, Volume 93 (February 2017)

Christopher Cahill, “A Creditors’ Guide for Claims Against Bankrupt Customers: Getting Claims Paid and Preventing Claw-Back of Payments Received,” Commercial Bankruptcy Alternatives (February 27, 2017)

Christopher M. Cahill, “Update on CFIUS National Security Review and the Section 363 Sale: Draper Athena as Stalking Horse for Assets of ATopTech, Inc,” Commercial Bankruptcy Investor (February 14, 2017)

Christopher M. Cahill, “Platinum Partners: A Ponzi Scheme Hiding in Plain Sight,” Commercial Bankruptcy Investor (January 9, 2017)

Christopher M. Cahill, “Reclamation of Reclamation Claims by the Delaware Bankruptcy Court in In re Reichhold,” Commercial Bankruptcy Litigation (Dec. 19, 2016)

Christopher M. Cahill, “The Myth of the Newspaper Being a Commercially Reasonable Notice,” DailyDAC (August 29, 2016)

Christopher M. Cahill, “Receivers: An Introduction,” Commercial Bankruptcy Alternatives (January 8, 2016)

Christopher M. Cahill and George W. Kuney, “Limiting Credit Bidding for ‘Cause’ Under § 363(k): Contra Philadelphia Newspapers Footnote 14,” 17 Tenn. J. Bus. L. 161 (Fall 2015)

Mark A. Silverman and Christopher M. Cahill, “When Her Smile is a Thin Disguise—How to Stop a Lying Judgment Debtor from Obtaining a Bankruptcy Discharge,” Commercial Bankruptcy Alternatives (June 24, 2015)

Christopher M. Cahill, “Stalking Horse Bidder in Section 363 Sale: Benefactor or Predator?”, The Bankruptcy Strategist (May, 2015)

Christopher M. Cahill, “Yes, Law Firm, You Were JPM’s Agent in Losing $1.5 Billion,” Commercial Bankruptcy Litigation (January 23, 2015)

Christopher M. Cahill, “Radio Shack Bankruptcy Watch” [Parts I-VII, a continuing series of articles chronicling the company’s distress and steps toward reorganization], Commercial Bankruptcy Investor (Sept. 17, 2014 through Jan. 2, 2015)

Christopher M. Cahill, “You Do Not Have to Mean It: Authorizing the Filing of a Mistaken Termination Statement Suffices to End Perfection of the Security Interest [Committee (re Old GM) v. JPM],” Commercial Bankruptcy Litigation (Nov. 7, 2014)

Christopher M. Cahill, “What Else Can a Creditors Committee Do? Maybe Reap $1.5 Billion for Unsecured Creditors (Lender Beware),” Commercial Bankruptcy Investor (Oct. 24, 2014)

Christopher M. Cahill, “There Ought to Be a Law, and There Is: When the Insolvent LLC’s Manager Distributes Cash But Does Not Pay Creditors,” DailyDAC (Oct. 3, 2014)

Christopher M. Cahill, “Foreign Buyers of Assets in Section 363 Sales: National Security Review,” Commercial Bankruptcy Investor (Sept. 11, 2014)

Christopher M. Cahill, “How Much Can I Add to My Claim? (says Lender) How Much Liquidity Will I Have? (says Reorganizing Debtor): On the Payment of Post-Petition Interest,” Commercial Bankruptcy Litigation (June 25, 2014)

Christopher M. Cahill, “Not Necessarily Free and Clear! Purchasing Real Property in a Section 363 Sale,” Commercial Bankruptcy Investor (June 4, 2014)

Cahill, Christopher M. & Neiger, Edward E., “Adding Defendants to Preference Complaints After Expiration of the Limitations Period: A Guide to Amendment and Relation Back after Krupski v. Costa Crociere,” 23 Norton J. Bankr. L & Pract. 102 (2014)

Christopher M. Cahill, “A Chapter 11 Debtor Need Not be Broke,” Commercial Bankruptcy Alternatives (Feb. 3, 2014)

Christopher M. Cahill, “Some Cautions On Selling Your Claim Against a US Bankruptcy Debtor.” Canada-US Business Council Bulletin, (Fall 2012)

Christopher M. Cahill, “Commodity Supply Agreements Are Swap Agreements: A Counter-Intuitive But Quite Real Safe Harbor From Preference Avoidance,” 8 Int’l Corp. Rescue 268 (2011)

PRACTICE NOTES (published in Lexis Practical Advisor):

  • Make-Whole Premiums in Bankruptcy Cases
  • Understanding Adequate Protection
  • Contractual Provisions to Effectively Forestall a Borrower’s Bankruptcy Case
  • Borrower as a Single Purpose Entity
  • Sale Leaseback of Real Property and Bankruptcy Recharacterization
  • Bankruptcy Risks for Landlords When Tenants Go Bankrupt
  • Bankruptcy Risks for Tenants When Landlords Go Bankrupt
  • Bankruptcy Risks in Subleasing
  • Claims for Attorney’s Fees in Bankruptcy
  • Single Asset Real Estate Status
  • When a Purchaser or Seller of Real Property Goes Bankrupt
  • Bankruptcy Considerations in Owner-Contractor Agreements and Owner-Architect Agreements
  • Bankruptcy Issues in Residential Real Property Transactions

Webinars Given (produced by Financial Poise and WestLegalEd)

  • Blockchain and Supply Chain (August 20, 2020)
  • Zoning and Land Use (July 30, 2020)
  • Blockchain and Smart Contracts (July 23, 2020)
  • Crowdfinance – 101 (July 9, 2020)
  • Opportunity Amidst Crisis: Saving Companies & Their Owners From Financial Ruin (June 23, 2020)
  • Crypto 101 – (June 11, 2020)
  • Credit Insurance – 101 (June 4, 2020)
  • Immigration Law 101 (May 7, 2020)
  • Where Did All My Profits Go? Mastering the Concept of Working Capital (April 16, 2020)
  • ESOPs – 101 (April 2, 2020)
  • The KPI — Cash Flow Modeling and Projections (March 19, 2020)
  • How to Read a Balance Sheet – And Why You Care! (Feb. 20, 2020)
  • EBITDA and Other Scary Words (January 23, 2020)
  • Blockchain and Trade Finance Tech (Oct. 18, 2019)
  • Digital Assets (Sept. 26, 2019)
  • Blockchain and Supply Chain (Sept. 20, 2019)
  • Blockchain and Smart Contracts (Aug. 23, 2019)
  • Making Cash with Cannabis (Aug. 22, 2019)
  • Blockchain Basics (July 25, 2019)
  • Crowdfinance – 101 (June 4, 2019)
  • Crypto Currency – 101 (April 30, 2019)
  • What Every Founder/Entrepreneur Must Know (April 16, 2019)
  • HR 101: Finding, Negotiating With & Retaining Potential Hires (March 19, 2019)
  • Raising Capital: Negotiating with Potential Investors (Feb. 19, 2019)
  • Basic Investment Principles 101 – From Asset Allocation to Zero Coupon Bonds (Jan. 24, 2019)
  • The Very Basics: Forming the Business (Jan. 22, 2019)
  • Anatomy of Preference Litigation (Jan. 15, 2019)
  • Advanced Investing Topics: Unicorns and Pre-Unicorn Scalable Private Company Propositions (Sept. 25, 2018)
  • Legal & Tax Aspects of Investing: Asset Protection, Estate Planning, and Tax Efficiency (August 14, 2018)
  • Goals-Based Investing: Planning for Key Life Events (July 17, 2018)
  • Basic Investment Principles 101—From Asset Allocation to Zero Coupon Bonds (June 19, 2018)
  • Creditor Boot Camp (May 22, 2018)
  • Purchase Order Finance (March 21, 2018)
  • Credit Insurance – 101 (March 13, 2018)
  • Alternative Assets Part 1: Investing in Venture Capital, Private Equity, and Hedge Funds (November 14, 2017)
  • How to Read Financial Statements and Financial Journalism (October 17, 2017)
  • Alpha, Beta & Stock Picking (Sept. 26, 2017)
  • Raising Money for a Start-Up Through Equity Crowdfunding (May 11, 2017)
  • Investing in Real Estate Through Equity Crowdfunding Websites (April 6, 2017)
  • Angel Investing Through Equity Crowdfunding Websites (February 23, 2017)
  • Title III, Regulation A+, and State Crowdfunding Regimes (January 26, 2017)
  • Bankruptcy Valuation Issues: Valuation in the Context of a Fraudulent Transfer of Preference Attack (May. 27, 2016)
  • SBA Loans and Other “Special Programs” (Apr. 6, 2016)
  • Alternative Investment Basics Series [9 parts] (May to Dec. 2015)
  • Crash Course: Valuation for Business Transition and Exit Planning (Oct. 2, 2014)
  • How to Get a Bankruptcy Case Dismissed or Converted (July 22, 2014)
  • Anatomy of Preference Litigation (June 11, 2014)
  • Bankruptcy for Fun and Profit: Claims Trading and 363 Sales (May 27, 2014 and Mar. 27, 2015)
  • Basics of Bankruptcy Litigation for the Non-Bankruptcy Specialist (May 20, 2014)
  • Creditor Boot Camp (May 13, 2014)
  • How to Buy Distressed Business Assets Outside of Bankruptcy (May 6, 2014)
  • Everything the GC Should Know About Chapter 11 (April 29, 2014)
  • Strategic Alternatives for Distressed Businesses (April 22, 2014)
  • What Entrepreneurs and Other Business Owners Must Understand About Equity Crowdfunding (March 19, 2014)
  • Equity Crowdfunding: Real Estate Investments (March 5, 2014)
  • Was the Debtor Insolvent? (Dec. 5, 2013)
  • Valuation Fights in Bankruptcy (July 17, 2013)

Seminars and Conference Presentations

  • “Emerging Trends in Enforcement of Intercreditor Agreements in Bankruptcy and Elsewhere,” presented at the Chicago Bar Association (Nov. 12, 2019)
  • “Maximize Value in Your Customer’s Bankruptcy,” presented at the 2017 Credit Professionals Conference and Expo, Milwaukee, Wisconsin
  • “Keep What You Earned From the Claws of the Bankruptcy Trustee,” presented at the 2017 Credit Professionals Conference and Expo, Milwaukee, Wisconsin
  • Plus many presentations to banking and manufacturer clients


University of Michigan Law School, J.D., 1996

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