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With more than four decades in practice, Pete Blain is of counsel and the former chair of Reinhart’s Business Reorganization Practice. He shares his wealth of knowledge and experience with the Reinhart team across a wide variety of practices to support creative solutions for clients. As part of the firm’s Associate Training Program, he teaches negotiation strategies to young lawyers and mentors their development.

Pete is one of the most experienced bankruptcy and creditors’ rights attorneys in Wisconsin. Throughout his career, he worked with clients in many industries, including manufacturing, airlines, real estate, energy, trucking and food and beverage. He has significant expertise in the purchase and sale of troubled businesses and has written extensively on distress mergers and acquisitions in bankruptcy and state court receiverships.

In addition to numerous publications and recognition, Pete was selected by the American Chamber of Commerce and the U.S. Ambassador to the Czech Republic to lead a team to Prague. He addressed Czech judges and lawyers on the reorganization proceedings in light of the Czech bankruptcy statute.

Pete stays very active in the community while serving as of counsel, having volunteered extensively with the Wisconsin Literacy Center. Currently, he advises indigent and disenfranchised clients at the Marquette Law School Volunteer Legal Clinic. He is also part of a local bicycle club and book club, takes guitar lessons and travels.

Education

  • J.D., Georgetown University Law Center
  • B.S., cum laude, Wisconsin State University-Stevens Point
  • Lieutenant, United States Army, 1972-1974

Bar Admissions

Wisconsin

Court Admissions

  • U.S. District Court, Eastern District of Wisconsin
  • U.S. District Court, Western District of Wisconsin
  • U.S. District Court, Northern District of Illinois

Matters

  • Represented financial institutions, creditors, debtors, creditors’ committees, trustees and others in bankruptcy proceedings, receiverships and workouts

  • Used the skills and knowledge acquired in 40+ years of practice to achieve uniquely successful results for his clients in complex business and commercial matters

  • Successfully mediated complex commercial disputes

Honors & Affiliations

Honors

  • Elected a Fellow in the American College of Bankruptcy

  • Best Lawyers in America, Since 1987 (Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law)

  • Best Lawyers’ 2011 Milwaukee Bankruptcy and Creditor-Debtor Rights Lawyer of the Year

  • Selected for inclusion in Wisconsin Super Lawyers since 2005

  • Selected for inclusion in Top 50 Wisconsin Super Lawyers (2005, 2006, 2007, 2009, 2010, 2012, 2013)

  • Selected for inclusion in Leading Lawyers, M: Milwaukee’s Lifestyle Magazine

  • Received the Hon. Dale E. Ihlenfeldt Bankruptcy Award from the Eastern District of Wisconsin Bar Association

  • Wisconsin Top Rated Lawyer Martindale-Hubbell AV® Preeminent™ Peer Review Rated since 1989

  • Who’s Who Legal USA: Insolvency and Restructuring

Affiliations

  • State Bar of Wisconsin

  • Turnaround Management Association

  • American Bankruptcy Institute

  • Eastern District of Wisconsin Local Bankruptcy Rules Committee

  • State Bar of Wisconsin’s Bankruptcy, Insolvency & Creditors’ Right Section (former chairman)

  • Milwaukee Bar Association’s Bankruptcy Section (former chairman)

  • Milwaukee Bar Association’s Bankruptcy Bench/Bar Committee (former co-chair)

  • Milwaukee Bar Association’s Pro Bono Project Committee (former co-chair)

  • Bankruptcy Committee of the Eastern District of Wisconsin Bar Association (former co-chair)

  • American Criminal Law Review (former editor)

  • City of Mequon’s Open Space Planning Commission

  • City of Mequon’s Ethics Committee (former member)

News & Insights

Presentations

  • September 2018, “I Only Wish I Had Known,” Ninth Annual American College of Bankruptcy Seventh Circuit Education Committee Seminar

  • September 2018, “Structuring Forbearance Agreements and Strengthening Lender Collateral Position,” Strafford Webinar

  • August 2017, “Structuring Forbearance Agreements and Strengthening Lender Collateral Position,” Strafford Webinar

  • March 2017, “So You Thought You Had a Senior Lien – Losing Priority Under State and Federal Law (And Other Lender Nightmares),” Clear Law Institute

  • November 2016, “So You Thought You Had a Senior Lien – Losing Priority Under Wisconsin and Federal Law (And Other Lender Nightmares),” Reinhart CLE Series

  • November 2016, “The Forbearance Agreement,” Clear Law Institute

  • November 2017, November 2016, November 2015, November 2014 & November 2013, “Supreme Court Bankruptcy Decisions: A Review, Eastern District of Wisconsin,” Lou Jones Breakfast

  • August 2016, “Structuring Forbearance Agreements and Strengthening Lender Collateral Position,” Strafford Webinar

  • February 2016, “A Primer on How Bankruptcy Affects Trusts,” Milwaukee Mid-Winter Estate Planning Clinic

  • November 2015, “Buying and Selling Businesses in Insolvency Proceedings,” Reinhart CLE Series

  • September 2015, “Exploring the Outer Limits of Avoiding Powers,” American College of Bankruptcy – 7th Circuit Annual Educational Program

  • August 2015, “Structuring Forbearance Agreements and Strengthening Lender Collateral Position,” Strafford Webinar

  • May 2015, “Associated Bank, N.A. v. Collier and Judgment Liens in Personal Property,” Eastern District of Wisconsin Bar Association Annual Meeting

  • January 2015, January 2014, “Structuring Forbearance Agreements and Strengthening Lenders Collateral,” Stafford Publications

  • May 2014, “Sales of Assets in Bankruptcy Proceedings,” Eastern District of Wisconsin Bar Association Annual Meeting

  • November 2012, “The Great Debate: Asset Sales in Bankruptcy,” Turnaround Management Association

  • September 2012, Panel Discussion on U.S. Trustee Fee Guidelines, American College of Bankruptcy – 7th Circuit Annual Educational Program

  • March 2012; September 2011; “Alternative to Bankruptcy: Chapter 128,” State Bar of Wisconsin

  • May 2011, “Pacific Lumber and Indubitable Equivalent Standard,” Seventh Circuit Bar Association Annual Meeting

  • June 2009, 7th Annual Commercial Real Estate Update,” State Bar of Wisconsin

  • May 2009, Bankruptcy and Economic Trends, Eastern District of Wisconsin Bar Association Annual Meeting

Publications