Borrowing and lending money is a regular part of commercial life. On occasion, borrowers have trouble repaying their debts. As a result, restructuring financial transactions, from the simple to the complex, is also a common occurrence. The bankruptcy option, either the straight liquidation of assets or the complete reorganization of a company, is now seriously considered by individuals and businesses of all sizes. Buyers of assets of insolvent businesses frequently insist that the seller complete the sale in a bankruptcy setting in order to avoid real or imagined successor liabilities. As the bankruptcy courts have become increasingly active, Congress annually considers dozens of changes to the Bankruptcy Code and regularly enacts amendments. In short, the business of troubled businesses has become a permanent part of our everyday life.
The Creditors’ Rights and Bankruptcy practice also prides itself on providing “small firm” personal service, while striving to produce creative solutions tailored to our client’s needs and the economic realities of the case. Our ability to draw on focused knowledge and skills of other Foster Pepper attorneys assures the client that the case receives the most efficient and economical attention.
Through the representation of our clients, be they creditor or debtor, the group’s vast experience brings to each case a complete understanding of the process and the alternatives available. The group was recently top-ranked by the highly-regarded Chambers USA 2012 legal directory, which annually interviews firm clients. In its 2012 ranking, Chambers noted the bankruptcy practice "is widely renowned as being one of the most effective in the region." Chambers singles out four members (firm owners) of the group as Leading Individuals in the Bankruptcy/Restructuring area, and sources say the group is "a top-flight practice."
The group has been ranked in the U.S. News/Best Lawyers firm rankings each year since the inaugural edition in 2011. In 2013, the group was placed in Tier 3 on the national level and in Tier 1 for Seattle in the areas of Bankruptcy and Creditor/Debtor Rights/Insolvency and Reorganization Law and Litigation - Bankruptcy.
Individually, the 2013 Best Lawyers® edition listed all five members of the group in one or more practice areas, making the practice top-ranked in Washington for Bankruptcy and Creditor/Debtor Rights/Insolvency and Reorganization Law.