Firm
Adelman & Gettleman, Ltd.
Driven by his passion to meld business with business law,
Adam became an insolvency attorney to help companies and their owners solve
financial problems and maintain going concern operations. Adam strives to find
efficient and cost-effective non-bankruptcy solutions for his clients through
equity restructurings, lender workouts and forbearance arrangements,
refinancing transactions, going concern sales, public and private auctions,
assignments for the benefit of creditors, statutory wind-downs, and other negotiated
resolutions of debtor-creditor issues. When a client has no other option, Adam
represents them through court proceedings including liquidations and
reorganizations under Chapters 7 and 11 of the U.S. Bankruptcy Code. With over
two decades representing hundreds of clients in insolvency situations, Adam has
encountered a myriad of complex and challenging issues and has developed the
depth, breadth and experience necessary to successfully advocate for his
clients.
Adam joined Adelman & Gettleman as a first year
associate in October of 1998 and was elevated to partner in January 2004.
He is proud to have spent his entire career with Adelman & Gettleman, Ltd.,
ultimately evolving into its managing partner. In addition to practicing law
with the firm, Adam has co-authored a chapter in the Illinois Institute for
Continuing Legal Education entitled “Representing the Secured Creditor and
Adequate Protection” published in IICLE's Business Bankruptcy Practice
handbook; guest lectured at accounting firms, the Chicago Bar Association, and
DePaul University; served a two year term as a member of the Bankruptcy Liaison
Committee for the Northern District of Illinois; been named by his peers to the
lists of Illinois Super Lawyers (2012 – 2021) and Super Lawyers Rising Stars
(2008 – 2010), as well as Leading Lawyers (2015-2020); and achieved a variety
of other successes personally and on behalf of his clients.
Prior to attending law school, Adam earned his Master of
Business Administration from DePaul University's Kellstadt Graduate School of
Business, where he concentrated in international business and earned his MBA in
just five academic quarters while working full-time. As part of his Master's
thesis, Adam led a group of five other MBA candidates through the conceptualization
of a business, preparation of a formal business plan, and presentation to
professional investors for hypothetical funding. At the conclusion of his
presentation, Adam was approached by one of the investors who offered to
actually finance the project. Adam declined, stating that law school was his
ultimate goal, and that he was obtaining his MBA to complement his practice as
an attorney.