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Michael B. Lubic

Partner
+1.310.552.5030
Fax +1.310.552.5001
+1.415.882.8075
Fax +1.415.882.8220

Michael Lubic is a partner resident in the firm's Los Angeles office. He has a broad insolvency practice encompassing litigation, transactions, and counseling in connection with troubled businesses, distressed assets, and complicated commercial frauds.  His areas of industry focus include real estate, healthcare, hospitality, automotive, franchise and distribution, retail, insurance, energy, and aviation services.

Mr. Lubic's practice in the areas of insolvency, bankruptcy, creditors' rights and remedies, and transactions involving troubled companies is divided between "in court" work and "out of court" work.  The "in court" practice involves representing parties-including debtors, secured and unsecured creditors, creditors' committees, acquirers, and trustees-in connection with bankruptcy cases, as well as representing creditors and debtors in connection with state and federal court proceedings involving creditors' rights and remedies.  His work in bankruptcy cases generally involves Chapter 11 business reorganizations, although he is also experienced in Chapter 7 liquidations, Chapter 9 municipal bankruptcy, and Chapter 13 adjustment of debts.  Bankruptcy work includes litigation involving cash collateral, adequate protection, relief from the automatic stay, preferences, fraudulent transfers, dischargeability of indebtedness, and disclosure statement and plan confirmation issues.  Other federal and state court work generally involves representing creditors, including victims of fraud and white collar crime, in collecting money or recovering assets.  This work also includes issues related to prejudgment remedies, enforcement of judgments, and receiverships.

Mr. Lubic's "out of court" work includes counseling debtors and creditors in "work out" situations; mergers and acquisitions involving troubled companies or distressed assets, including the change of ownership of operating businesses through general assignments for the benefit of creditors; counseling businesses in difficult and crisis situations; business planning and structuring transactions to minimize future insolvency-related risks (particularly technology transactions, energy transactions, and supply chain transactions involving vendors of critical component parts);  representing both borrowers and lenders in connection with structured finance transactions and bankruptcy remote entities; and counseling boards of directors and companies in connection with the orderly winding up of businesses, including through general assignments for the benefit of creditors.

Professional Background

Prior to joining K&L Gates, Mr. Lubic led the West Coast bankruptcy, insolvency and creditors' rights practice of a national law firm as a partner in its Los Angeles office. He is a skilled mediator and mediates complicated business disputes. He has been appointed to the mediation panel of the United States Bankruptcy Court for the Central District of California since 1998. As a panel mediator, he frequently conducts mediations on a pro bono basis.  Mr. Lubic has been selected for inclusion in the Southern California Super Lawyers by Los Angeles Magazine every year since 2004.

Mr. Lubic engages in a wide variety of pro bono work and community activities.  He served on the board of the Alzheimer's Association.  He has represented Grameen Foundation USA (an internationally known organization promoting micro-lending to reduce poverty), the National Center for Science Education, various dog rescue and dog park groups, and CASA (court appointed special advocates for children) volunteers in children's court.  He also periodically lectures on law, business and economics at an inner-city high school.

Professional/Civic Activities

  • State Bar of California
  • American Bar Association (Section on Corporate, Banking, and Business Law)
  • American Bankruptcy Institute
  • Turnaround Management Association
  • Los Angeles County Bar Association (Member, Subcommittee on Bankruptcy Law, 1990-1993, 1999-present)
  • Financial Lawyers Conference
  • Los Angeles Bankruptcy Forum (Member, Board of Directors, 2011-present)
  • California Bankruptcy Forum, Education Co-chair 2015
  • California Receivers Forum
  • Alzheimer’s Association, California Southland Chapter (Member, Board of Directors, 2006-2010; Chair, Governance Committee, 2008-2009; Chair, Audit Committee, 2009-2010)
  • National Center for Science Education (Member, National Legal Advisory Panel, 2000-present)
  • University of Chicago Graduate School of Business Club of Southern California (Secretary, 1987-1990)

Speaking Engagements

  • Preparing for a Rising Interest Rate Environment (Association of Corporate Counsel Southern California, 2014)
  • Hang 9: The Future of Municipal Bankruptcies (California Bankruptcy Forum, 2014)
  • Pensions and Bankruptcy (Peace Officers Research Association of California (PORAC), 2014)
  • Advanced Topics in Assignments for the Benefit of Creditors (California Bankruptcy Forum, 2012)
  • Environmental Issues Affecting Real Property in Bankruptcy (California State Bar Annual Meeting, 2011)
  • The Beneficent Government: Federal and State Regulators in Bankruptcy Cases (Los Angeles Bankruptcy Forum, 2011
  • M&A in 2010: Solutions for the New Economic Landscape (Association of Corporate Counsel, Southern California Chapter, 2010)
  • How Practitioners Have Responded to the BAPCPA Amendments (Los Angeles County Bar Association, 2007)
  • Recent Amendments to Small Business Rules (Los Angeles County Bar Association, 2006)
  • General Assignments for the Benefit of Creditors (Santa Clara County Bar Association, 2001)
  • Guest Lecturer, Insolvency Considerations in Licenses of Intellectual Property (Loyola of Los Angeles Law School, 2001)
  • Is Bankruptcy the Answer to Your Environmental Woes (Environmental Law Section, Los Angeles County Bar Association, 1998)
  • Gender Bias in Bankruptcy Practice (Los Angeles County Bar Association, 1993)
  • Panel on Gender Fairness (Orange County Bankruptcy Forum, 1993)
  • Adjunct Lecturer, Bankruptcy Tax (Golden Gate University, 1993)
  • Investing in Troubled Companies (Los Angeles County Bar Association, 1992)
Published Decisions
  • PW Enterprises v. N.D. Racing Commission, 2008 Bankr. LEXIS 7020 (Bankr. D.N.D. 2008)
  • PW Enterprises v. N.D. Racing Commission, 540 F.3d 892 (8th Cir. 2008), reversing PW Enterprises v. N.D. Racing Commission, 363 B.R. 911 (8th Cir. BAP 2007)
  • PW Enterprises v. Kaler , 332 B.R. 581 (Bankr. D.N.D. 2005)
  • McMullen Oil Co. v. Crysen Refining (In re McMullen Oil Co.), 251 B.R. 558 (Bankr. C.D. Cal. 2000)
  • Shop Television Network, Inc. v. Chodos (In re Shop Television Network, Inc.) , 170 B.R. 413 (C.D. Cal. 1994)