Ron Spinner brings extensive business experience to his bankruptcy practice, developing results-oriented strategies and breaking new legal ground where necessary to do so.
Indeed, Ron's ability to deal with novel situations helped tremendously in the City of Detroit bankruptcy case, where questions of first impression arose regularly. His ability to navigate the unique aspects of chapter 9 aided (and continues to aid) the City in its recovery.
As another example, Ron represented a creditor who "factored" the debtors' invoices. Courts typically characterize factoring as a "true sale" or a lending relationship (with no ground in between), oversimplifying the relationship and often leading to unnecessary conflict. Ron persuaded the court to consider the factoring arrangement as a series of individual transactions, each of which it could authorize separately. This provided the factor with strong protections, allowing the debtor to retain its funding source for its bankruptcy case. Creative application of the bankruptcy code thus resulted in a successful reorganization for the debtor and payment in full for Ron's client.
Ron's specialty is preference defense, also known as "claw back actions," where a debtor seeks to recover money that it previously paid to its creditors. By resolving these cases out of court, Ron obtains exceptional results for his clients while keeping costs down. For example, one client asked Ron to defend five such actions for it, with over $2.4 million in total potential liability. After analyzing the claims, Ron was able to negotiate reasonable resolutions in all five cases. Two were resolved for small settlement payments and the remaining three were simply dismissed by the respective debtors for no payment at all.
More Legal and Business Bylines From Ronald A. Spinner
- Michigan Tax Foreclosures in Bankruptcy – An Auction and a Right to Claim Surplus Proceeds Insulates Against Challenge as a Fraudulent Transfer - (Posted On Friday, May 06, 2022)
- Bankruptcy Dollar Amounts Set to Rise April 1, 2022, by a Significant Amount - (Posted On Monday, February 28, 2022)
- What Do You Do If a Debtor Defaults on Its Confirmed Bankruptcy Plan? - (Posted On Tuesday, February 15, 2022)
- Michigan Tax Foreclosures May Be Avoidable in Bankruptcy - (Posted On Friday, January 21, 2022)
- Not All Student Loans Are Created Equal – Some May Be Dischargeable in Bankruptcy - (Posted On Friday, August 06, 2021)
- The Impact of the Bankruptcy Relief Act and Other Recent Bankruptcy Code Changes - (Posted On Friday, April 02, 2021)
- Congress Permits SBA to Make PPP Loans to Debtors in Bankruptcy, SBA Says "No" - (Posted On Friday, January 15, 2021)
- Eleventh Circuit Joins Fifth in Holding that the SBA May Deny Paycheck Protection Program Loans to Debtors in Bankruptcy - (Posted On Wednesday, December 23, 2020)
Miller Canfield has been awarded a 2022 Thought Leadership Award by the National Law Review for their coverage of ongoing changes to the U.S. Bankruptcy Code. On April 1, 2022, the Bankruptcy Code was adjusted for inflation and authors Ronald A. Spinner and Marc N. Swanson detailed the changes at length in their article, “Bankruptcy Dollar Amounts Set to Rise April 1, 2022, by a Significant Amount.” The authors’ timely and detailed analysis of the Bankruptcy code changes illustrates their depth of knowledge in the insolvency and restructuring areas of law.