Jay Jaffe provides legal services and strategic counsel to clients facing financial distress. He advises financially distressed businesses and financial stakeholders on a variety of matters, including loan workout and restructuring, reorganization, transactions, litigation/creditor’s rights, and bankruptcy. Jay represents financial institutions, insurance companies, unsecured creditors, creditor committees, trustees, lessors, corporate debtors and individual debtors in large, non-consumer bankruptcies. In addition, he prosecutes and defends commercial contract litigation, foreclosure and replevin proceedings. Jay was a standing trustee for the United States Bankruptcy Court, Southern District of Indiana, Indianapolis Division, from 1986 to 1988. Jay was inducted as a Fellow in the 28th class of the American College of Bankruptcy on March 10, 2017.


Bar Admissions


Court Admissions

U.S. District Court for the Northern District of Indiana
U.S. District Court for the Southern District of Indiana
U.S. Court of Federal Claims
U.S. Supreme Court


Indiana University Maurer School of Law
J.D. cum laude (1982)

Indiana University, Bloomington
B.A. with high distinction and an Outside Field in Business (1979)

Insights & Events

Leadership & Community

Professional Associations

  • Indianapolis Bar Association — Board Member, 1998-2003; Finance Committee, 1997-98; Treasurer, 2000-01; Commercial and Bankruptcy Law Section (Chairman, 1992)
  • Indianapolis Bar Foundation — Board Member, 2009-11
  • Indiana State Bar Association — Bankruptcy and Creditors' Rights Section (Chairman, 1998-99; Editor, The Order for Relief, 1988)
  • Indiana Association for Corporate Renewal — Board Member, 2003-12; President, 2011
  • American Bankruptcy Institute


  • Best Lawyers® — Bankruptcy & Creditor Debtor Rights/Insolvency & Reorganization Law, 1995-2024; Bankruptcy Litigation, 2012-24 (Lawyer of the Year - 2013)
  • Indiana Super Lawyers — Bankruptcy: Business, 2004-23
  • American College of Bankruptcy — Fellow
  • Indiana State Bar Foundation— Distinguished Fellow
  • Indianapolis Bar Foundation — Distinguished Fellow and Distinguished Life Fellow
  • Phi Beta Kappa
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