Photo of Sheryl L. Toby

Sheryl L. Toby Member

Areas of Practice

Industries

Bar Admissions

  • Michigan, 1986

Court Admissions

  • U.S. Court of Appeals, 6th Circuit, 1986
  • U.S. District Court, Eastern District of Michigan, 1986
  • U.S. District Court, Western District of Michigan, 1986
  • U.S. Supreme Court, 1996

Education

Wayne State University, J.D., cum laude

  • Order of the Coif
  • Law Review

Michigan State University, B.A.

Sheryl L. Toby has substantial experience in two unrelated fields that in recent years have intersected more than usual: First, she regularly advises manufacturing entities (such as automotive clients) in a wide variety of day-to-day supply chain issues that intersect operational and legal issues. This includes working closely with purchasing groups, in-house legal and management staff to address matters ranging from front end contracting best practices, “stop-ship” and other litigation threats, strategies for addressing financially troubled supplier situations that can threaten operations, to assisting in manufacturing review processes or investigations arising from employee complaints and potential whistleblower actions. Second, Ms. Toby is a prominent bankruptcy and restructuring attorney with 30 years of experience. She is known for her creative approach in providing solutions for creditors, debtors and lenders addressing financial challenges. Ms. Toby has extensive experience in representing a wide range of clients in industries including manufacturing, retail, healthcare, real estate, and financial institutions. Ms. Toby has been involved in numerous significant bankruptcy cases throughout the country and is a frequent speaker and media consultant in her fields. Ms. Toby is also a member of the Automotive and Manufacturing Industry Group.

Memberships & Involvement

  • ABA Section of Business Law, Co-Vice Chair of Business Transactions Subcommittee, 2014-Present
  • American Bankruptcy Institute Board of Directors, Education Committee, 2008-2012
  • ABI Commercial Fraud Task Force Committee, Co-Chair, 2007 and 2008
  • American Bankruptcy Institute Central States Division Conferences, Program Chair, 2004-2008
  • International Women's Insolvency/Restructuring Confederation Member, Michigan Network, Founder and Former Chair of Local Chapter
  • American Bar Association, Use and Disposition of Property Subcommittee of the Business Bankruptcy Committee, Vice-chair
  • Detroit Metropolitan Bar Association, Section of Debtor/Creditor, Vice-chair, 1997-1998
  • United States Bankruptcy Court, Eastern District of Michigan, Advisory Committee, Member, 1997-1998
  • American Bar Association, General Practice Section, Vice-Chair, 1992-1993
  • Federal Bar Association
  • Turnaround Management Association
  • State Bar of Michigan

Recognized in The Best Lawyers in America® for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Bankruptcy Litigation, 2007-2018. Copyright 2015 by Woodward/White, Inc., Aiken, SC

Named a Michigan Leading Lawyer in the areas of Bankruptcy & Workout: Commercial and Creditor's Rights/Commercial Collections Law by the Leading Lawyers Network, 2014-2017. Law Bulletin Publishing Company

Named a Top Lawyer by dbusiness Magazine for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization and Bankruptcy Litigation, 2010-2013, 2015-2016, 2018

Recognized in Michigan Super Lawyers®  for Business/Corporate and Bankruptcy & Creditor/Debtor Rights, 2007-2008, 2010-Present

Recipient of an AV® Preeminent™ Rating by Martindale-Hubbell, 2013

Bar Register of Preeminent Women Lawyers, Martindale-Hubbell, 2011

Selected as one of Crain's Detroit Business' "40 Under 40"

Honorable mention as one of the country's Outstanding Young Bankruptcy Professionals by Turnaround and Workout Publications

Featured in Insolvency & Restructuring Section of the Guide to the World's Leading Women in Business Law

Recipient of Martindale-Hubbell® AV® Preeminent™ Peer Review Rating