Kenneth R. Beams
Ken handles all matters impacting small businesses and start-ups. From forming businesses and handling complicated transactions to litigating business disputes and guiding them through difficult financial times, Ken has been handling high stakes matters since 2001 when he joined the prestigious bankruptcy and insolvency firm Schafer and Weiner, PLLC.
Ken's recent engagements include representing the creditor in a high profile bankruptcy case in which he guided his client through contentious bankruptcy proceedings resulting in a settlement worth several millions of dollars. Also, Ken recently represented an investment fund that purchased pools of distressed notes and mortgages, successfully working to maximize the return on each of the loans through transactions, litigation, and foreclosures.
Ken helped several clients navigate through the real estate crisis that affected so many businesses, which experience is feeding the strategies that he is developing to guide his clients through the COVID-19 Crisis. Also, Ken was involved in handling numerous complicated bankruptcies, including the reorganization of Greektown Casino as well as reorganizations and liquidations of automotive suppliers and real estate developers.
Ken’s litigation experience includes:
- Membership and shareholder oppression suits
- Construction disputes, including lien foreclosures, quiet title actions, and construction defects
- Bankruptcy related litigation, including fraudulent transfers, preferences, dischargeability of indebtedness, and litigation related to plan confirmation
- Bank litigation, including collection of indebtedness and lender liability
- Suits against former employers for payment of wages
- Breach of fiduciary duty litigation
Ken has expertise in the following types of transactions:
- Purchase and sale of commercial real estate
- Formation of new companies
- Asset sales
- Secured loans
- Sale of businesses
Ken graduated in the top 20% of his class from Wayne State University Law School in 2001. While in law school, Ken clerked at Michigan National Bank, researching and analyzing commercial banking issues.