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William E. Schonberg

Partner
Cleveland
T.
216.363.4634
liamE

William focuses his practice primarily on the representation of debtors and creditors in such matters as asset-based loan agreements, workouts, reorganizations, secured transactions, and loan origination, negotiation and restructurings.

He also has extensive experience with general corporate transactional strategic analysis and has handled matters in such industries as wholesale distribution, retail, light manufacturing and service.

Representative Experience

  • Represented a steel manufacturing company in a $22 million sale of its alloy extrusions businesses to a strategic purchaser.
  • Represented client as strategic Stalking-Horse Bidder to purchase assets as going concern in a Section 363 bankruptcy sale.
  • Represented the Ohio Casino Control Commission (OCCC) regarding the myriad issues arising as a result of the filings of chapter 11 bankruptcy petitions by Caesars Entertainment Operating Co.
  • Represented a leading promotional products company in connection with senior secured $10,000,000 credit facility and $3,250,000 subordinated term loan provided by an SBIC fund.
  • Representing a glass products manufacturer in its financial restructuring and recapitalization as a going concern.
  • Insolvency & Creditors’ Rights
  • Bankruptcy Litigation
  • Debt Restructurings
  • Commercial Finance & Banking
  • DIP Financing
  • Corporate & Securities
  • Workouts & Restructurings
  • Retail & E-Commerce
  • Cannabis
  • Cleveland State University College of Law, 1979, J.D.
  • Ohio University, 1976, BGS
    • cum laude
  • Ohio
  • U.S. District Court for the Northern District of Ohio
  • Listed, The Best Lawyers in America® 2007-2025 (Copyright 2019 by Woodward/White, Inc., of Aiken, SC)
  • AV® Rated, Martindale-Hubbell Peer Review
  • Listed, 2009 Corporate Counsel Top Lawyers: Bankruptcy and Creditor-Debtor Rights Law
  • Listed, Ohio Super Lawyers 2004, 2012-2021
  • Member, American Bar Association
  • Member, Ohio State Bar Association
  • Member, Cleveland Metropolitan Bar Association
  • Board of Directors, American ORT
  • Founding Member, Board of Directors, American Bankruptcy Board of Certification; former Chair, Standards Committee
  • Founding Member, Board of Directors, Northern Ohio Chapter of the Turnaround Management Association
  • Vice President and Trustee, The Mandel Jewish Community Center of Cleveland
  • Member, American Bankruptcy Institute
  • Member, Turnaround Management Association
  • Member, Attorneys Division of the Jewish Community Federation of Cleveland
  • Board of Trustees, Jewish Community Federation of Cleveland

Highlights

Martindale AV Rating

Martindale AV Rating

Martindale AV Rating
Articles and Presentations
March 26, 2020
Benesch COVID-19 Resource Center: Navigating Financial Distress Caused By The Coronavirus Pandemic
November 20, 2014
Market Trends and Developments in Distressed Investing
November 20, 2014
Market Trends and Developments in Distressed Investing

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News
February 11, 2025
Benesch Advises Cyprium Partners in Recapitalization of Remprex
August 15, 2024
132 Benesch Attorneys Recognized in 2025 Best Lawyers® Rankings
August 17, 2023
Best Lawyers in America® Rankings 2024

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