Mr. Bakst represents clients in the areas of creditors' rights, bankruptcy, reorganization, and insolvency. He regularly represents secured and unsecured creditors, debtors, trustees, and creditors' committees in loan workout and other negotiations and in state and federal courts.
He is a former two-term board member of the Detroit Chapter of the Turnaround Management Association. He served as chairperson of the Bankruptcy and Debtor-Creditor Rights Committee of the Real Property Law Section of the State Bar of Michigan from 1996 to 2000 and is a member of numerous other bankruptcy and creditors’ rights related organizations including the American Bankruptcy Institute. He often lectures in the areas of bankruptcy and creditors’ rights.
Mr. Bakst is on the Board of Directors for both the Michigan Israel Business Bridge and the Jewish Family Service of Metropolitan Detroit. He previously served as a member of the Community Advisory Board for the Detroit Jewish News and on the board of the Detroit Chapter of the American Jewish Committee. Mr. Bakst also served on the Zoning Board of Appeals of the City of Oak Park from 1996 to 2000.
He has been included in The Best Lawyers in America® since 2009 in the practice areas of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation-Bankruptcy. He has also been included in Michigan Super Lawyers® for the past decade. Mr. Bakst has also been annually listed as a “Top Lawyer” by metro Detroit business magazine, DBusiness, since the list’s inaugural debut in 2009. He is Martindale-Hubbell® AV Preeminent® Peer Rated for Highest Level of Professional Excellence and endorsed for High Ethical Standing.