Glenn R. Heyman practiced law in the State of Illinois beginning in 1955, and retired from the practice of law in 2016. During his time at Crane, Heyman, Simon, Welch & Clar. Mr. Heyman devoted almost 100% of his private practice of law to bankruptcy and insolvency matters.
Mr. Heyman served as an Assistant United States Attorney from 1956 through 1960. For the last two and one-half years of his tenure in that office, he was the Assistant United States Attorney assigned to represent the United States Government in all bankruptcy matters arising in the Northern District of Illinois.
After leaving that office, he was appointed in various substantial bankruptcy cases by the United States Bankruptcy Court under the Bankruptcy Act prior to 1978 as a Trustee in bankruptcy and as a Receiver in bankruptcy. Subsequent to 1978, under the Bankruptcy Code, Mr. Heyman continued to serve on the panel of Bankruptcy Trustees and has represented estates as a trustee, examiner, counsel to the trustee and counsel to the examiner. As trustee operated various businesses from manufacturing to mercantile and liquidated businesses of all kinds.
Mr. Heyman has been retained to reorganize numerous corporate and business entities. His efforts have resulted in successful corporate reorganizations under the Bankruptcy Code requiring promulgating Plans of Reorganization, negotiation and litigation with Creditors' Committees and with secured creditors. In addition, he has been retained as counsel for creditors' committees, unsecured and secured creditors.
He served as Chairman of the Chicago Bar Association Committee on Bankruptcy and Reorganization, and has also served as an instructor for the Illinois Institute for Continuing Legal Education, Bankruptcy Skills Course. He has lectured in numerous seminars for the Chicago Bar Association and Illinois Bar Association in the fields of bankruptcy reorganizations and creditors' rights. Mr. Heyman was an advisor to the first United States Bankruptcy Trustee to be appointed in the Northern District of Illinois under the Bankruptcy Code of 1978.