Colette Gibbons focuses her practice on insolvency related issues, including representation of debtors, debtors-in-possession, creditors, lending institutions, hedge funds, trustees, receivers, creditors' committees, non-profit entities and health care providers in all aspects of state and federal insolvency proceedings and out-of-court resolutions.

Colette was admitted as a Fellow of the American College of Bankruptcy in 2010. She serves on the Board of Directors of the American College of Bankruptcy Foundation.

Colette has received numerous recognitions through the years for her Bankruptcy practice. Among those are Chambers USA, The Best Lawyers in America, and Ohio Super Lawyers. See Awards and Recognitions for the full list.

Colette's ongoing engagements include the representation of Mary Ann Rabin, Chapter 7 Trustee of InkStop, Inc., a chain of office technology retail stores; representation of Custodial Trustee in Eagle-Picher Holdings, Inc. charged with remediating and managing contaminated properties owned by a Trust created under a Chapter 11 Plan. She also currently represents receivers and parties in interest in state and federal court, and certain non-profit corporations in liquidation. Colette has served as a mediator in complex commercial cases and as a Receiver in corporate liquidations.
Representative Clients
Reported and Representative Cases
  • Served as the court-appointed Receiver in litigation related to an indoor mall facility filed in Cuyahoga County Court of Common Pleas Case No. CV-14-829151, titled U.S. Bank National Association, as Trustee vs. Severance SPE Feeco, LLC, et al. and operated and managed facility and its tenants through to a sale and disposition of the property.
  • Served as the court-appointed Receiver in a dispute regarding a multi-story building in downtown Cleveland with significant real property and safety challenges filed in Cuyahoga County Court of Common Pleas Case No. CV-11-752119, titled 2115-2121 Ontario Building, LLC vs. Dolores Anter, et al.
  • Represented four separate affiliates in the plastics industry that were subject to a lender initiated receivership process. Negotiated four separate sale transactions, each to a separate purchaser and each of which involved difficult issues and needed to close on the same date. The transaction involved significant negotiation with the lenders, the receiver for the entities and the purchasers.
  • Represented the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy filing of BPI Energy, Inc., an independent energy company engaged in the exploration, production and commercial sale of coalbed methane in the Illinois basin.
  • Represented the Official Committee of Unsecured Creditors in the Austin Company in substantially increasing the sale price for the debtors' assets to provide significantly greater potential for recovery for general unsecured creditors of the Austin Company and related debtors.
  • Obtained wide-ranging ruling and established limit on ability of creditors' committees to maintain derivative actions against former shareholders of Grand Eagle Companies, resulting in dismissal of Committee action against former shareholders. Official Committee of Unsecured Creditors of Grand Eagle Companies v. Asea Brown Boveri, et, al. 313 B.R. 219 (N.D. Ohio 2004.)
  • Argued for affirmance of trial and appellate holdings that guarantor is entitled to notice of sale of collateral and has the right to a commercially reasonable sale of collateral and that those rights are not valuable waivable prior to default. American Seaway Food v. Belden South (1995), 72 Ohio St. 3d 514.
Blog Posts
Published In
  • "Lien on Me: Recent decisions affecting the appointment and authority of receivers," co-author, Ohio Lawyer, a publication of the Ohio State Bar Association, May 2011.
  • “Park National Bank Affirms the Ability of Receivers to Sell Real Property Free and Clear of Liens,” coauthor, Cleveland Metropolitan Bar Journal, December 2010.
  • A Model Statute for Free-and-Clear Sales by Equity Receivers," American Bankruptcy Institute Journal, March 2009.
Speaking Engagements
  • Moderator, "Current Issues in Foreclosure and Receivership" webinar hosted by Ice Miller on July 20, 2016.
  • "Directors and Officers Part I: Obligations in Good Times and Bad" webinar hosted by Ice Miller on April 20, 2016.
  • Presentation to the Turnaround Management Association regarding receivership developments, November 21, 2013.
  • "No More Accidental Careers," Women in Law Section of the Cleveland Metropolitan Bar Association, July 10, 2013.
  • "When Alternatives Go Mainstream: Updates on the Continued Use of Alternatives to Bankruptcy," 2012 Cleveland Metropolitan Bar Association's William J. O'Neill Great Lakes Regional Bankruptcy Institute, May 17, 2012.
  • “Advice to the Bankruptcy Client in the Zone of Perjury,” 2011 Bench Bar Retreat, U.S. Bankruptcy Court for the Northern District of Ohio, October 27, 2011.
View Full Site View Mobile Optimized