Thomas Wallrich's broad experience encompasses four main practice areas: bankruptcy, banking and financing, commercial transactions and disputes, and real estate.
Mr. Wallrich's bankruptcy practice includes representing debtors, creditors, and committees in complex reorganization proceedings and work-outs, as well as debt and equity restructurings.
His banking practice is focused primarily on representation of community banks and regional banks in transaction documentation, participation agreements, regulatory matters, and debt restructuring transactions and litigation.
Mr. Wallrich's commercial transactions experience includes purchases and sales of businesses and significant import-export experience particularly in the Pacific Rim and Canada. His commercial dispute resolution experience includes significant litigation, non-litigation and administrative representations before the International Trade Commission (ITC) and the United States Trade Representative (USTR).
Mr. Wallrich's real estate practice involves representation of commercial landlords in lease creation, lease disputes, property recovery, and bankruptcy matters. He also represents many commercial and residential developers in land use issues, governmental approval matters, subdivision of land, tax increment financing, sales, financing, and debt treatment and restructuring matters.
Mr. Wallrich has over 50 reported decisions, representative examples of which are cited below:
- Dostal v. Fore - M, LLC., No. A05-1609, 2006 WL 1320301 (Minn. Ct. App., May 16 2006).
- TSM Development, Inc. v. Chicago Title Ins. Co., No. A05-212, 2005 WL 3111840 (Minn. Ct. App., Nov. 22 2005).
- TSM Development, Inc. v. Tappe Construction Co., No. A03-1059, 2004 WL 1152543 (Minn Ct. App., May 25 2004).
- Heritage Development of Minnesota, Inc. v. Carlson, 269 F. Supp.2d 1155 (D. Minn., 2003).
- Florida Vacation Store, Inc. v. Mall of America Co., No. C8-99-1006, 2000 WL 224869 (Minn Ct. App., Feb. 29 2000).
- E.M.D. Const. Co., Inc. v. McGrath, No. C9-97-2256, 1998 WL 252389 (Minn. St. App., May 19 1998).
- Broken Aero Service, Inc. v. Marquette Bank Monticello, No. C2-96-550, 1996 WL 706834 (Minn. Ct. App., Dec. 10 1996).
- Belcourt v. Anderson, No. C4-96-615, 1996 WL 523813 (Minn. Ct. App., Sept 17 1996).
- Harstad v. Catholic Charities of Archdiocese of St. Paul and Minneapolis, No. C9-95-2267, 1996 WL 208447 (Minn. Ct. App., Apr. 30 1996).
- Schaefer Brush Mfg. Co., Inc. v. Enercon Systems, Inc., No. CX-95-2391, 1996 WL 132168 (Minn. Ct. App., Mar. 26 1996).
- Franson v. Hartl, No. C9-95-1863, 1996 WL 81551 (Minn. Ct. App., Feb. 27 1996).
- In re Molitor, 76 F.3d 218 (8th Circuit, 1996).
- Osborne Properties v. Mitchell, No. C4-95-636, 1995 WL 479550 (Minn. Ct. App., Aug. 15, 1995).
- Port Authority of City of St. Paul v. Harstad, 531 N.W.2d 496 (Minn. Ct. App., 1995).
- Equitable Real Estate Shopping Ctrs., L.P. v. Duling Optical Corp., No. C4-95-975, 1995 WL 697561 (Minn. Ct. App. Nov. 28, 1995).
- In re Southern Kitchens, Inc., 216 B.R. 819, 32 Bank.Ct.Dec. 221(Bankr. D.Minn., Feb. 26, 1998).
- In re Kasden, 181 B.R. 390 (Bankr. D. Minn., 1995).
- In re Kasden, 186 B.R. 667 (D.Minn., 1995).
- In re Harstad, 170 B.R. 666 (D.Minn., 1994).
- In re Hanson, 171 B.R. 896 (Bankr. D. Minn., 1993).
- In re Harstad, 155 B.R. 500 (Bankr. D.Minn., 1993).
- Sanborn Mfg. Co. v. Campbell – Hansfield/Scott Fetzer Co., 828 F. Supp 652 (D.Minn., 1992).
Following an internship at the Office of the U.S. Attorney for the District of Minnesota from 1989 to 1990, Mr. Wallrich joined the Minneapolis law firm of Fredrikson & Byron, P.A. in 1990. He left Fredrikson & Byron in 1993 to form the law firm of Fafinski & Wallrich, P.A., which he grew from two to 10 attorneys. In 2002 the firm of Fafinski, Wallrich & Crema, PLLP disbanded and Mr. Wallrich lead a group of seven attorneys to the Minneapolis law firm of Mansfield, Tanick & Cohen, P.A.
From 2002 to 2007, Mr. Wallrich was a shareholder, officer and director of Mansfield, Tanick & Cohen. From 2004 to 2007, he served as the firm's Chief Financial Officer as the firm grew from 12 to 35 attorneys.
From 1996 to 2007 Mr. Wallrich was also a policy issuing agent for Old Republic National Title Insurance Company where he supervised, or participated in the supervision of, nearly $1 billion in escrow closings. In July 2007, Mr. Wallrich led a group of seven attorneys to the Minneapolis office of Hinshaw & Culbertson LLP, where he is a partner. He is a past co-leader of Hinshaw’s Bankruptcy Practice Group.
Mr. Wallrich is a member of the Minnesota State Bar Association, where he is active in the Real Estate Section. His professional memberships also include the Hennepin County Bar Association.
He is an adjunct professor at his alma mater, William Mitchell College of Law, and is co-director, with Hinshaw partner
Steven H. Silton, of its consumer bankruptcy clinic. In the spring of 2009, Mr. Wallrich and Mr. Silton launched the Bankruptcy Clinic at the University of St. Thomas Law School in conjunction with the University’s School of Psychology and Social Work. The clinic provides pro bono bankruptcy services as well as counseling to indigent people. Mr. Wallrich is also active in the University of St. Thomas Law School Mentorship Program.
In 2008 and again in 2009, Mr. Wallrich was named to the
Super Lawyers list in the area of Bankruptcy & Creditor/Debtor Rights by
Minnesota Super Lawyers magazine.
Mr. Wallrich speaks French.
Mr. Wallrich is the author of
Bankruptcy Reform, published in 2006 by the Minnesota State Bar Association. His other publications include:
He is also speaks regularly on bankruptcy, financing and other topics related to his practice. His presentations include:
- “What Every General Counsel Needs to Know About Bankruptcy,” 2012 Business Law Institute, Minneapolis, Minnesota, May 2012.
- “What We Know About Clawback Litigation after Madoff and Petters,” 2011 Business Law Institute, Minneapolis, Minnesota, May 2011.
- “The Nuts and Bolts of Bankruptcy Court,” Hispanic National Bar Association 2010 Annual Convention, Minneapolis, Minnesota, September 2010.
- “Considerations for the Insurer and Insured in a Bankruptcy Case,” Travelers, St. Paul, Minnesota, June 2010.
- "The Life Cycle of a Distressed Business,” Minnesota Bar Association 2010 Business Law Institute, Minneapolis, Minnesota, May 2010.
- “Practical, Ethical and Psychological Issues that Debtors’ Counsel Faces” and “Chapter 7, 11 or 13: Selecting the Right Chapter for Your Client,” National Business Institute seminar “Personal Bankruptcy: the Basics of Filing an Individual Case,” live webcast, October 2009.
- “Ethical, Practical and Psychological Issues in Representing Individuals and Business in Financial Distress,” Minnesota State Bar Association 2nd Annual Family and Closely held Business Conference, Minneapolis, Minnesota, August 2009.
- “The Impact of Bankruptcy on the Collection Process,” and “Ethical Conduct in Bankruptcy Proceedings,” parts 10 and 11 in an 11-part, live teleconference series, National Business Institute, August 2009.
- “Secrets to Conducting the Initial Client Interview,” “Bankruptcy Litigation and Procedure,” “Chapter 11 Essentials,” “Essential Bankruptcy Issues Related to Foreclosure Proceedings,” and “Fraudulent Conveyance,” parts five through nine, in an 11-part, live teleconference series, National Business Institute, July 2009.
- “Bankruptcy Reform and Current Issues” and “The Means Test – From the Trustee’s Viewpoint,” parts one and four, respectively, in an 11-part, live teleconference series, National Business Institute, June 2009.
- “Workout Issues,” Lorman Education Services seminar “Commercial and Real Estate Loan Documents: More Than Just Papers in Minnesota,” Bloomington, Minnesota, September 2008.
- “Piercing the LLC Veil,” Minnesota CLE Seminar, “Business Law 103,” Minneapolis, Minnesota, October 2007.
- “Workout Issues,” Lorman Education Services seminar, “Commercial and Real Estate Loan Documents: More Than Just Papers in Minnesota,” Bloomington, Minnesota, September 2007.
- “Construction Lending / Financing,” Lorman Education Services, 2006.
- “Purchasing Assets from a Bankruptcy Estate,” Business Law Institute, 2005.
- “Bankruptcy Lawyers Handbook for Business Lawyers,” Business Law Institute, 2005.
- “Buying and Selling a Personal Injury Practice: How to Get Paid for a Brand You Have Spent Millions to Build,” Association of Trial Lawyers of America, CLE 2247, 2004.
- “Counseling Financially Distressed Business Clients,” Business Law Institute, 2004.
- “Read & Interpret Bankruptcy Plan,” Business Law Institute, 2004.
- “The Business Lawyers Handbook to Bankruptcy Reorganizations and Liquidations,” Business Law Institute, 2003.
- “The Dos and Don'ts of Office Leasing,” Minnesota State Bar Association, 1998.
Mr. Wallrich sits on the boards of directors for a number of for-profit and not-for profit corporations.
He is actively involved in fund-raising for several nonprofits, including St. David's Early Childhood Development School, The John Ireland School and The Immaculate Heart of Mary Catholic School.
French