Bankruptcy and Creditors' Rights
The Bankruptcy and Creditors’ Rights Practice Group, with its continually expanding Northwest footprint, has been an integral part of Lane Powell for over 30 years. Our bankruptcy and finance attorneys have extensive experience in representing financial institutions, creditors’ committees, receivers, trustees, purchasers and borrowers in numerous industries, including forestry, agriculture, manufacturing, real estate, energy, utilities, media and retail.
Our attorneys provide full “cradle to grave” financial and restructuring services to their clients from the drafting stage through enforcement, restructuring and bankruptcy, receiverships or assignments for benefit of creditors. Our attorneys also have represented financial institutions, creditors’ committees, agent banks, borrowers, prospective purchasers and others in litigation, including lender liability matters, inter-creditor disputes, UCC litigation, fraudulent conveyance claims, contested cash collateral hearings, plan confirmation disputes, preference actions and breach of fiduciary duty claims. Representative clients include KeyBank, National Association, Wells Fargo Bank, Washington Federal, Bank of Hawaii, Premera Blue Cross and Nordstrom.
Lane Powell has extensive bankruptcy and restructuring experience, representing secured creditors, trustees, debtors, creditors’ committees, foreign receivers and trustees, DIP lenders, asset purchasers and other parties of interest in workouts, receiverships and business bankruptcy cases throughout the United States, including Washington, Oregon, Alaska, Idaho, Montana, Colorado, California, New York, New Jersey and Delaware. We handle all aspects of bankruptcy cases, including cash collateral, adequate protection, relief from stay, 363 sales, DIP financing and plan confirmation. We regularly represent parties in fraudulent conveyance, preference, breach of fiduciary duty claims, equitable subordination, lender liability actions and bankruptcy-related UCC and general commercial litigation. We have developed expertise in international insolvency matters, especially in representing foreign receivers and trustees in Chapter 15 cases and cross border workouts. In fact, Lane Powell filed one of the first Chapter 15 cases in the United States after its enactment and obtained the first order recognizing a foreign representative in the U.S. Bankruptcy Court. Members of our group frequently participate as leaders and lecturers in numerous bankruptcy and turnaround professional organizations including the Turnaround Management Association, ALI/ABA, Washington State Bar Association, Oregon State Bar Association, American Bankruptcy Institute, King County Bar Association, National Association of Credit Management, Northwest Bankruptcy Institute and the National Business Institute.
Lane Powell’s bankruptcy practice has consistently been ranked preeminent and recognized as “first-rate” and “one of the largest and strongest bankruptcy groups” in the region by Chambers USA: America’s Leading Lawyers for Business. One client enthuses: “I had a very positive experience; I would recommend them to anyone with a bankruptcy matter.” The Firm’s bankruptcy practice has also been highly ranked in the U.S. News and Best Lawyers annual “Best Law Firms” survey, where sources describe Lane Powell as “second to none” and recognize the Firm for its “experienced, professional, personalized and effective counsel.”