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Sheryl L. Toby

Sheryl L. Toby



  • Bankruptcy, Insolvency & Creditors' Rights
  • Bankruptcy & Insolvency Litigation
  • Business & Commercial
  • Asset Purchases

WSG Practice Industries


Michigan, U.S.A.

WSG Leadership

ABA Group
WSG Coronavirus Task Force Group

Sheryl Toby (Member) has substantial experience in two unrelated fields. First she regularly advises manufacturing entities (such as automotive clients) in a wide variety of day-to-day supply chain matters. In both traditional and advanced technology manufacturing, she focuses on legal requirements within the context of practical application. She works closely with purchasing groups, in-house legal, finance and other business teams in developing strategy for addressing business challenges that intersect operational and legal issues. Her vast experience spans across matters such as, development of unique collaborative agreements in advanced vehicle manufacturing, front end procurement contracting best practices and addressing "stop-ship," financially troubled suppliers and other litigation threats. She is often called upon by entities to strategize with and lead experts in a variety of other disciplines to address unique challenges faced by companies in highly regulated manufacturing based industries including, for example, internal investigations of safety issues and other matters. Second, Ms. Toby is a prominent bankruptcy and restructuring attorney with over 30 years of experience. She is known for her creative approach in providing solutions for creditors, debtors and lenders addressing financial challenges. Ms. Toby has been involved in numerous significant bankruptcy cases throughout the country and is a frequent speaker and media consultant in her fields.

Bar Admissions

Michigan, 1986


Wayne State University, J.D., cum laude
  • Order of the Coif
  • Law Review
Michigan State University, B.A.
Areas of Practice

Asset Purchases | Bankruptcy & Insolvency Litigation | Bankruptcy, Insolvency & Creditors' Rights | Business & Commercial | Business Services | Commercial Lending | Creditors' Committees & Trustee Representation | In- and Out-of-Court Restructurings & Liquidations | Landlord Representation | Representation of Distressed Businesses

Professional Career

Professional Associations

  • Co-Chair, ABI Commercial Fraud Task Force Committee, 2007
  • Program Chair for the American Bankruptcy Institute Central States Division, 2004 - 2006
  • Michigan Network - Int'l Womens Insolvency/Restructuring Confederation Member; Founder and Chair of Local Chapter
  • Vice-Chair for the Use and Disposition of Property Subcommittee of the Business Bankruptcy Committee of the American Bar Association
  • Detroit Metropolitan Bar Association, Section of Debtor/Creditor - Vice Chair, 1997 -1998
  • United States Bankruptcy Court, Eastern District of Michigan, Advisory Committee - Member, 1997-1998
  • American Bar Association, Gen Practice Section - Vice Chair, 1992-1993
  • State Bar of Michigan
  • Federal Bar Association
  • American Bar Association
  • American Bankruptcy Institute

How Customers in the Automotive Supply Chain Can Prepare for Distressed Suppliers Resulting From COVID-19
Dykema, March 2020

The extent of disruption caused by COVID-19 is unknowable at this time. However, it is likely that there will be suppliers unable to economically weather the storm. Having represented manufacturing customers and suppliers for decades, one thing is certain: even the most sophisticated entities make costly mistakes in addressing distressed suppliers without realizing they paid more as a customer than was necessary...

Latest Developments on Trade Policy: Tariffs on Chinese Imports & Considerations When Applying for an Exclusion
Dykema, August 2018

With the ever-changing developments regarding trade policy, we wanted to take this opportunity to provide some clarity regarding the Administration's actions under Section 301 of the Trade Act of 1974, regarding products imported from China. Tariffs on Chinese Imports Section 301 of the Trade Act allows the President to take action against a foreign government that violates an international trade agreement or restricts U.S. commerce - in this case, China...

Contracting Is More than Standard Terms and Conditions
Dykema, February 2018

Strong contracting processes and communications which establishes clearly the expectations of each of the parties reduces disputes and costs and strengthens relationships. The key to strong contracting processes is to approach contracts in a holistic manner making sure all documents interconnect in a logical uniform manner. Because manufacturing processes can be complex, this is often not as easy as it sounds...

Additional Articles

  • 2005 - Logistics Today "How to Avoid Supply Chain Disruptions"
  • 2004 - Daily Bankruptcy Review "What Do You Mean, I Can''t Assume My Intellectual Property License?: Avoiding the Pitfall of Section 365(c)"
  • 2002 - NabTalk "Finding Assets"
  • 2002 - Michigan Lawyers Weekly "Bankruptcy Can Resolve Difficult Business Issues"

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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