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Phillip S. Stenger

Michigan, Minnesota, Kentucky, Georgia, Colorado, Ohio

Phillip S. Stenger

Phillip S. Stenger, is the founding partner of Stenger & Stenger, P.C. and practices in and manages the Firm’s Receivership law, Creditor’s Rights, Business and Commercial law and Real Estate practice groups. Mr. Stenger has been awarded Martindale-Hubbell’s highest rating, AV, as a pre-eminent attorney, has distinguished himself locally, nationally and internationally as a leading authority on securities fraud and investment schemes and is one of only six attorneys in the State of Michigan that is board certified in the area of Creditors’ Rights law.

Mr. Stenger has been appointed receiver in a number of highly publicized actions instituted by the United States Securities and Exchange Commission, and as receiver, has among other things, operated and/or liquidated a 28 store chain consumer retail lending operation located in 7 states throughout the South, a fixed based airport operation in Georgia, and a vintage car restoration business located in Kentucky. He has also liquidated a variety of assets throughout the United States and internationally including jet aircrafts, a yacht, race horses, real estate, vintage cars, oil and gas properties, stocks and bonds, art works and a wide variety of personal property. Mr. Stenger also has extensive experience in cross border liquidations with an emphasis in the Cayman Islands where he is acting as liquidator for 57 companies involved in a massive international Ponzi Scheme. He is also serving as receiver and Cayman Islands liquidator for hedge funds that have been sued by the SEC. Mr. Stenger has also served as settlement administrator of a $67.5 million settlement of a claim against an offshore bank and overseen the distribution of funds to investors in SEC actions. In addition to his Receivership law practice, Mr. Stenger serves individual and business clients in creditors’ rights and collections matters and business, commercial and real estate transactions.

Mr. Stenger is the author of the Receivership Sourcebook, which is a desk reference and treatise in receivership law, and has established an Internet reference resource entitled, Phil Stenger’s Encyclopedia of Receivership Law & Practice. Mr. Stenger is frequently sought as a guest speaker on a variety of legal topics, including securities fraud and investment schemes and creditors’ rights issues and has been quoted in a variety of news publications on the same subject matter. Mr. Stenger recently spoke at the Annual Bankruptcy Seminar for the Federal Bar Association of the Western District of Michigan where he presented a paper entitled, Strategies to Reclaim Fraudulently Diverted Assets In Foreign Jurisdictions and at the Offshore Alert Third Annual Due Diligence and Asset Recovery Symposium where he presented a paper entitled Failing To Comply With General Liability Laws.

Mr. Stenger received his undergraduate degree in Business Administration (concentration in accountancy) from the University of Notre Dame in 1985, his law degree from Wayne State University in 1988 and his Masters in Taxation from Grand Valley State University in 1993. Mr. Stenger has sat for and passed all four parts of the Certified Public Accountancy Examination and is a licensed real estate broker.

In addition to his legal practice, Mr. Stenger is married with five children and is actively involved in various community and civic matters.