Sussman Shank is nationally recognized as one of the Pacific Northwest's leading law firms in troubled company restructuring and insolvency matters. We have experience dealing with financially distressed entities in matters throughout the country, including serving as lead counsel in some of the largest, most complex restructuring and insolvency cases on the West Coast.
We represent troubled companies and individuals, lenders, creditors, equity holders and investors in both formal and informal restructuring situations. We also represent creditors' committees, trustees, receivers, turnaround managers, and other professionals involved in restructurings and liquidations.
When cases call for it, we draw upon our expertise in banking, business, corporate, environmental, real estate, tax and litigation. This allows us to guide clients through complex Chapter 11 cases and restructurings with seamless integration.
Each partner in our practice group has over 20 years experience and is AV® Preeminent™ rated by Martindale-Hubbell. All have been selected as Super Lawyers® in Bankruptcy and Creditors' rights.
Our areas of expertise include:
Practice Area Chair(s)
Agriculture liens and insolvency
Asset value litigation
Arbitration and mediation
Assignments for the benefit of creditors
Bankruptcy trustee represenation
Bankruptcy claim resolution
Business and financial restructuring
Business termination and liquidation
Chapter 7, 11 and 12 creditor and debtor representation
Chapter 13 creditor representation
Contested plan confirmation issues
Creditors committee representation
Divorce issues in bankruptcy
Out of court workouts
Thomas W. Stilley
Articles related to this area
Oregon's Long-Term Care Lien Law
What to Do When a Commercial Tenant Files Bankruptcy
The Unique Challenges of Contractor Bankruptcies
Cases associated with this practice area
Archdiocese of Portland in Oregon
We served as lead counsel to the Archdiocese of Portland in the first Chapter 11 bankruptcy case filed by a Roman Catholic diocese in the United States. We developed and implemented a strategy that considered the interplay of first amendment religious rights, charitable trust, and bankruptcy law in proposing and confirming a reorganization plan that resulted in the settlement and payment of over 250 known clergy sex abuse claims, provided a trust for the liquidation and payment of future abuse claims, and preserved the assets and operations of 124 parishes and three Catholic high schools.
Assignment for the Benefit of Creditors
We represented the assignee for the benefit of creditors of a major in-store and website camera retailer in two mult-million sales of the company's assets. We prepared the formal asset assignment agreement, sale documents, and handled creditor-related claim and payment issues. All secured and priority claims were paid in full with unsecured creditors receiving a large percentage of their claims through an earn-out.
Bankruptcy Litigation Involving Electrical Co-Ops
We recovered virtually the entire amount requested in a lawsuit filed on behalf of an Oregon bankruptcy trustee against an Oregon electric cooperative alleging breach of fiduciary duty and breach of bylaws. We argued the bankruptcy trustee had a right, as successor to the debtor-cooperative member's interest, to obtain payment of its capital contributions on an accelerated basis under a bylaw provision permitting distributions upon the "death" of a member. This was a case of first impression in the District of Oregon. We argued on behalf of the trustee that a Chapter 7 corporate debtor is "dead" for purposes of entitlement to distributions upon the death of a member. Based on this result, we have been retained and have successfully negotiated resolutions in two other cooperative cases. A third case is pending.
Clients associated with this practice area
Billing Concepts, Inc.
Attorneys practicing in this area
Caplan, Barry P. -
Carlton, Robert L. -
Ford, Susan S. -
Levine, Howard M. -
Misley, Jeffrey C. -
Parkin, Matthew S. -
Sanchez, Gabriela -
Solomon, Timothy A. -
Stilley, Thomas W. -
Paralegals supporting this practice area
Gruetzmacher, Majesta P. -
Moody, Kathy A. -