Allen Guon examines the personal liability of anyone in control of an insolvent debtor’s assets making distributions to unsecured creditors prior to satisfying Paycheck Protection Program (PPP) loans under the federal priority statute.
Allen advises debtors, creditors, purchasers, lenders, and other parties in interest in chapter 11 reorganizations, chapter 7 liquidations and out-of-court workouts. He focuses his practice on the representation of court-appointed fiduciaries and federal and state court receivers, as well as assignees in out-of-court liquidations. His experience includes the development of workout strategies for debtors and creditors; distressed asset sales; development and implementation plans of reorganization; and litigation of contested matters in state and federal courts and on appeal before the appellate courts.
Allen is the immediate-past chair of the Chicago Bar Association’s Bankruptcy and Reorganization Committee. He is also a former member of Bankruptcy Court Liaison Committee for the Northern District of Illinois. Allen is an active member of the American Bankruptcy Institute and the American Bar Association. He is currently a member of the Executive Committee of the Board of Directors of Credit Abuse Resistance Education (CARE), a national financial literacy program for young adults taught by bankruptcy and financial professionals that focuses on the responsible use of credit and student loans.
Allen earned his J.D. from Indiana University – Maurer School of Law and his B.S. from Indiana University – Bloomington.