Pankow, Michael J.

Mike focuses his practice on representation of various parties in business reorganizations and debtor-creditor relations, both in and out of bankruptcy court. He represents a wide range of clients, including debtors, creditors committees, secured creditors and prospective purchasers in Chapter 11 cases.

Mike also serves as counsel for borrowers and secured creditors in out-of-court workouts and restructurings, and parties in equity receiverships. Mike represents clients in both litigation and transactional situations. In litigation, he prosecutes and defends claims for fraudulent transfer or preference, and related issues. On the transactional side, he provides structural advice regarding mergers and acquisitions and issuing and review of non-consolidation opinions in structured finance transactions. 

Mike is also involved in litigation related to debtor-creditor issues.

Representative Matters
  • Represented Mi Pueblo, a portfolio company of Victory Park Capital, in its sale to an affiliate of Kohlberg Kravis Roberts & Co. L.P. Mi Pueblo is Northern California’s leading Hispanic grocery retailer.

  • Counsel to Gilbert Hospital, LLC, a general acute-care hospital based in Gilbert, Arizona in connection with its merger with Florence Hospital at Anthem, LLC pursuant to a confirmed Chapter 11 plan of reorganization. Representation included all aspects of a sophisticated merger transaction, including transition of the two hospitals under joint ownership and operation, coordinating employment and equity compensation documents for employees, and identifying and resolving health care regulatory aspects of the foregoing, and strategic advice.

  • Represented Fresh Produce Holdings, LLC in its Chapter 11 case, having completed a sale of the Company's assets to a purchaser preserving the going concern after a robust auction.

  • Counsel to Regional Care Services Corporation, the parent company of Casa Grande Regional Medical Center based in Casa Grande, Arizona, in negotiating the sale of the hospital assets to Banner Health pursuant to an Asset Purchase Agreement and related transactions. Representation encompassed all aspects of this sophisticated sale transaction, including the sale process and APA, coordinating interim financing arrangements and reorganization under Chapter 11, and identifying and resolving all health care regulatory aspects of the foregoing.

  • Represented PAS Technologies Inc. in a squeeze-out merger of PAS Tech Holdings, Inc. and recapitalization by KRG Capital Partners, AlpInvest and Pennant Park, with simultaneous restructure of syndicated senior credit facility, conversion of subordinated debt to equity and equity capital infusion.

  • Represented Big Sandy Holding Co., Inc., a bank holding company, as seller and debtor in its Chapter 11 case in a Section 363 sale of its stock in Mile High Banks and concurrent recapitalization by Strategic Growth Bancorp, Inc. for a total of approximately $100 million. During the 363 process, Big Sandy received a competing bid from a third party, so the transaction involved the first-ever competitive auction of a bank in a Section 363 sale.

  • Representing the official unsecured creditors committee of a natural gas producer reorganizing in Chapter 11.

  • Represented the owner of the Landmark Condominiums and a retail mixed-use development in the $30 million DIP financing facility for Hypo Real Estate Capital, priming existing liens.

  • Representing the owner of the Landmark Condominiums and a mixed-use retail development in Chapter 11 reorganization.

  • Represented Mercury Companies, Inc., a holding company for title companies in numerous states, in a Chapter 11 adversary proceeding case, obtaining a judgment of over $6 million.

  • Represented Inner Doorway, Inc., a magazine and journal publisher, in bankruptcy proceedings and the sale of its assets to a strategic buyer who planned to continue the operations.

  • Represented Denver Radio Company, LLC and its subsidiaries as debtors in Chapter 11 cases, and as borrowers under a debtor-in-possession loan facility.

News & Events
Publications & Presentations
Education
  • J.D., 1989, magna cum laude, Creighton University School of Law
  • B.S.B.A., 1987, cum laude, Creighton University
Admissions
  • Colorado, 1992
  • Nebraska, 1989
  • U.S. District Court, District of Colorado
Recognition

Best Lawyers in America, 2010-2020

  •  Banking and Finance Law Lawyer of the Year, Denver, 2018

5280 Top Lawyers, Bankruptcy, 2015-2019

Law Week Colorado, Barrister’s Best “Best Bankruptcy Lawyer”, 2015

"Local Litigation Star," Benchmark Litigation, 2018

Denver Banking and Finance Law Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Lawyer of the Year, Best Lawyers, 2013

Colorado SuperLawyers, 2009

Membership

American Bankruptcy Institute

Colorado Bar Association

Nebraska State Bar Association

Turnaround Management Association

attorney-5966