Jason Torf Bio

Jason Torf helps companies maximize their recovery and minimize their risk when dealing with financially distressed customers, suppliers, and other related parties. In Jason’s creditor-focused bankruptcy practice, he is a creative thinker who considers possible avenues for higher-priority claims and better recoveries that might otherwise not be apparent. Jason devises and implements strategies to accomplish the goal of maximizing recovery for creditor-side clients, sometimes through negotiation after creating leverage through a court filing and other times through litigation in the bankruptcy court. This broad experience has resulted in Jason’s keen ability to anticipate various possible issues and arguments, enabling him to effectively negotiate and litigate. In defending preference cases, Jason takes a creative approach by studying some of the more subjective defenses from different angles. This allows him to put a client’s best foot forward in settlement negotiations to reach solutions that otherwise might not be obtainable through a more typical mechanical analysis. Jason frequently counsels clients on rights and remedies available under the Uniform Commercial Code and works with clients to exercise those remedies. When utilized properly, these tools often help get our clients a step ahead of other unsecured creditors. A believer in the adage that an ounce of prevention is worth a pound of cure, Jason works closely with clients from the outset to ensure they have a good, comprehensive, seller-friendly set of documents. He adds considerable value by revising or rewriting their terms and conditions, credit application forms, purchase order forms, sale agreements, and other operative documents to ensure they have good rights and remedies in the event of a customer default. Jason also counsels clients on best practices for ensuring enforceability of their terms and conditions. As part of his creditor-focused practice, he regularly speaks to creditor-side trade groups, including the National Association of Credit Management (NACM), Credit and Financial Development Division (CFDD), various NACM industry credit groups, and the Toy Industry Association. While his presentation topics vary, Jason’s focus remains on ways credit managers, credit departments, CFOs, and other C-suite executives can become more proactive creditors to minimize risk and maximize recoveries when dealing with financially troubled customers.