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 Group 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 legal directory, which annually interviews firm clients. In its 2010 ranking, About Foster Pepper's Creditors' Rights and Bankruptcy group, Chambers noted, “Sources say: A top-tier lender practice. Jack Cullen has represented a range of creditors, debtors, trustees and purchasers of assets in bankruptcy cases. Dillon Jackson is the group’s other standout bankruptcy practitioner.”
Additionally, the 2011 Best Lawyers® list named all the Group's members (partners) to its list, as well as named the Group's practice as #1 in Washington.