Arlene Gelman helps lenders, lessors, equipment finance companies, and other creditors resolve disputes over unpaid obligations, breach of contract, and enforcement matters involving loans, leases and commercial agreements.
A member of Vedder’s Commercial Litigation and Bankruptcy & Financial Restructuring Groups, Arlene co-chairs Vedder’s Creditors’ Rights and Collections Group.
Drawing on more than three decades of experience, Arlene represents clients in federal, state and bankruptcy courts, arbitration and out-of-court workouts. She has litigated breach of loan and lease agreements across jurisdictions, negotiates complex workouts and settlements and regularly enforces creditor rights through replevin, detinue, and claim and delivery actions. Additionally, she advises clients throughout bankruptcies to protect their interests and recover assets.
Arlene is well-known in the equipment finance industry and has deep knowledge of the UCC (Uniform Commercial Code), Bankruptcy Code, and related enforcement statutes. A former federal judicial law clerk in the U.S. Bankruptcy Court and U.S. District Court for the Northern District of Illinois, she possesses insight into court procedures and regularly represents clients in U.S. state, federal district, appellate and bankruptcy courts.
Credentials
Education
- Boston University School of Law, J.D., 1994
- University of Illinois, B.A., with distinction, 1989
Bar Admissions
- Illinois, 1994
Court Admissions
- U.S. Court of Appeals, Fourth Circuit, 2007
- U.S. Court of Appeals, Seventh Circuit, 1995
- U.S. District Court, District of Colorado, 2019
- U.S. District Court, Southern District of Illinois, 2016
- U.S. District Court, Western District of Michigan, 2002
- U.S. District Court, Central District of Illinois, 2002
- U.S. District Court, Northern District of Illinois, 1994
Affiliations
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Member, The Illinois State Bar Association
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Member, Chicago Bar Association
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Member, American Bankruptcy Institute
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Member, International Women’s Insolvency & Restructuring Confederation (IWIRC)
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Member, The Equipment Leasing and Finance Association (ELFA)
Recognition
- Best Lawyers in America® – Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2023-2026)
- Leading Lawyers – Bankruptcy & Workout: Commercial; Secured Transactions Law, Leading Lawyer (2013-2025)
- Lawdragon 500 Leading Lawyers in America – Bankruptcy & Restructuring (2025)
- Martindale-Hubbell – AV Preeminent®
Insights & Events
News
76 Vedder Price Attorneys Recognized in 2026 Best Lawyers® in America
August 21, 2025
News
Arlene Gelman Named to Lawdragon’s 500 Leading U.S. Bankruptcy Restructuring & Lawyers
June 30, 2025
News
Vedder Price Expands Consumer Financial Services Capabilities
September 3, 2024
News
77 Vedder Price Attorneys Recognized in 2025 Best Lawyers® in America
August 15, 2024
News
Vedder Price Secures Significant Defense Judgment Victory in Illinois Appellate Court Ruling
July 12, 2024
News
Arlene Gelman Named to Lawdragon’s 500 Leading U.S. Bankruptcy & Restructuring Lawyers
June 18, 2024
Speaking Engagements
Vedder Price Attorneys to Present at Equipment Leasing and Finance Association 2024 Legal Forum
May 5, 2024
News
46 Vedder Price Attorneys Recognized in 2024 Best Lawyers® in America
August 17, 2023
