News & Insights

Leader Of Dykema’s Bankruptcy Practice Group Speaks At American Bankruptcy Institute’s New York City Business Bankruptcy Conference

May 13, 2009

Bloomfield Hills

Dykema, a leading national law firm, announces that Sheryl L. Toby, Leader of the firm’s Bankruptcy Practice Group, participated in the Auto Industry Panel for the ABI New York Business Bankruptcy Conference. Ms. Toby’s presentation was focused on practicalities of the automotive manufacturing supply chain processes and why a fast sale process and payment to the suppliers was imperative to a successful outcome for Chrysler and other Original Equipment Manufacturers ("OEMs").

"I think that it is very realistic to sell assets and get that done in a very short period of time, but that won’t solve the bankruptcy case entirely," Ms. Toby told Reuters at the conference. She was also quoted in a May 4 CNBC story and in an article that appeared in the May 1 Detroit News.

The American Bankruptcy Institute (ABI) is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 11,500 attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and other bankruptcy professionals providing a forum for the exchange of ideas and information.

A member of the Board of Directors of the ABI, Ms. Toby is a prominent bankruptcy and restructuring attorney with more than 20 years in the field. She is known for providing creative solutions to creditors, debtors and lenders in addressing troubled company situations, and for her ability to coordinate activities for clients in complex matters, including commercial litigation, that cross multiple legal disciplines. Her practice has included representing a wide range of clients including manufacturing, retail, healthcare, real estate, financial institutions, real estate entities in real estate workouts, and creditors committees, and she has extensive experience in addressing problems associated with critical supplier issues.

A resident of Sylvan Lake, Ms. Toby received a B.A. from Michigan State University and a J.D., cum laude and Order of the Coif, from Wayne State University.