Practice Areas
Bankruptcy and Creditors' Rights
Professional Experience
Timothy A. Solomon is an associate at Sussman Shank LLP in the Bankruptcy Department. Mr. Solomon has represented debtors, creditors, committees and trustees in some of the largest and most complex bankruptcy cases in the country. Notable matters have included, among others, the successful reorganization of a major satellite imaging company; obtaining a $45.5 million cash settlement in an avoidance action on behalf of a committee of unsecured creditors after extensive discovery, motion practice, briefing, and mediation; and obtaining full dismissal of all claims against a large hedge fund/co-defendant in a $1.1 billion avoidance action.
Tim's experience extends to all major aspects of bankruptcy law, including issues relating to:
• determination of property of the debtor's estate
• the use of cash collateral
• professional carve-outs
• debtor-in-possession financing
• the automatic stay
• assumption and rejection of executory contracts
• determination of the validity and priority of liens
• section 363 asset purchases and sales
• setoff and recoupment
• the avoidance and recovery of fraudulent and preferential transfers
• proofs of claim and claim objections
• equitable subordination
• plans of reorganization and liquidation
• the appointment of chapter 11 trustees
• corporate governance issues; and
• the fiduciary duties of committees, directors, and officers
Tim also has significant experience in general commercial litigation, including trademark, breach of contract, civil assault, and professional negligence cases.
Before joining Sussman Shank LLP, Tim was an associate at Latham & Watkins LLP and another major law firm in New York City.
Education
B.A., Philosophy, Reed College
J.D., Columbia University School of Law
Senior Executive Editor, Columbia Journal of Environmental Law
Admitted to Practice
Oregon State Bar
U.S. District Court, District of Oregon
New York State Bar
U.S. District Court, Eastern District of New York
U.S. District Court, Southern District of New York
Articles
"What to Do When a Commercial Tenant Files Bankruptcy," (The Daily Journal of Commerce, December 2009)
"Purchase Money Security Interests," Co-Author (NACM Business Credit Journal, October 2009)
"Crystal Ball Required? A Debtor's Obligation to Preserve Electronic Data in Anticipation of Future Avoidance Litigation," Co-Author (The Bankruptcy Strategist, January 2008)
"Seller Beware: The Complexity and Uncertainty of Actions Seeking to Recover the Value of Preferential Transfers of Goods or Equipment," Co-Author (The Bankruptcy Strategist, December 2007)
Articles
Past Speaking Engagements
The Role of Creditors' Committees in Chapter 11 Bankruptcy Cases Webinar, NACM Oregon (2010)
