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Stephen J. Brown

Of Counsel
T 312 261 2184
F 312 261 1184
Stephen Brown, Pedersen & Houpt Photo

Bar & Court Admissions

  • Illinois
  • Michigan
  • Oregon
  • Wisconsin


  • University of Wisconsin Law School, 1998, J.D., cum laude
  • University of Wisconsin Business School, 1998, M.B.A. (Finance)
  • Diego Portales University, Santiago, Chile
  • University of Minnesota, 1991, B.A.
  • University of Madrid, Madrid, Spain


Joe Brown focuses his practice on bankruptcy, loan restructurings, loan workouts, secured lending, insolvency, and UCC issues.  Joe has 20 years of experience as a commercial litigator, and also has extensive experience with the factoring and merchant cash advance industries.   While primarily a lender’s attorney, Joe also has substantial experience in representing borrowers.

Joe advises lenders as to the most effective approach to enforce their positions and helps borrowers restructure their debts in a manner that repairs relationships with creditors, or at least prevents foreclosure.  Joe frequently serves as primary counsel in trials and evidentiary proceedings in state and federal courts and has served as primary debtor's counsel in two chapter 11 cases.  He advises major factoring and MCA organizations in connection with federal and state proceedings.  

As a bank-trained workout officer, Joe has also participated in scores of loan workouts in his career, representing both borrowers and lenders.  Joe is a member of Pedersen & Houpt's Creditors' Rights, Restructuring and Bankruptcy Practice Group, the Litigation and Dispute Resolution Practice Group, and the Corporate and Business Counseling Practice Group.  Joe graduated cum laude from the University of Wisconsin Law School in 1998 and also holds an M.B.A. in finance from the University of Wisconsin.  He is fluent in written and spoken Spanish.

Representative Experience

  • Represented strategic buyer in liquidation of large portfolio of mortgage-backed loans involving 20 commercial properties in Chicagoland area;
  • Reorganized chain of bed and breakfast locations as primary debtor’s counsel in Chapter 11 proceedings;
  • Successfully sued major loan servicers for systematic breaches of confirmed chapter 11 plans; and
  • Represented construction company in state and federal litigation against factors and MCAs.

News & Alerts

Professional Affililations

Professional Affiliations

  • American Bankruptcy Institute (ABI)
  • Turnaround Management Association (TMA)
  • Illinois State Bar Association
  • American Bar Association