Amidst the disruption and uncertainty related to coronavirus (COVID-19), please be assured that The Tracy Law Group is here and ready to help meet your needs during this time of financial distress. We are just a phone call away, even if we are working remotely. Contact us: (206) 624-9894

Recent Firm News

Confirmation of Chapter 11 Plan for Retail Pharmacy Chain

TTLG recently represented a small retail pharmacy chain that not only survived the COVID-19 pandemic, but became one of the busiest vaccination centers in Western Washington.  This allowed TTLG to confirm a Chapter 11 Plan of Reorganization, resolve difficult litigation matters and obtain long term stability with the company’s main distributor.

Confirmation of Chapter 11 Plan for Rural Health Clinic

TTLG recently represented a federally identified Rural Health Clinic in restructuring its outstanding obligations.  TTLG was able to successfully negotiate the Clinic’s outstanding tax obligations and unsecured debt and confirm a Chapter 11 Plan of Reorganization, all during the COVID-19 pandemic. 

Sale of Medical Device Manufacturer

TTLG recently represented a financially-distressed manufacturing Company in the greater Seattle area. At the time that TTLG was initially hired the Company was in default of its obligations to its senior secured lender. Working with the Company’s board of directors, it’s senior secured lender, and a turnaround specialist, TTLG was able to assist the Company in effectuating a successful sale of the Company in the upper seven figure range. The proceeds generated from the sale were sufficient to pay back all of the Company’s debts in full and also produced a substantial return to the Company’s equity holders. An outstanding result for all parties involved.

Settlement of Fraudulent Conveyance Action/ Confirmation of Chapter 11 Plan

TTLG represented an individual real estate broker and developer in the greater Seattle Area in a Chapter 11 proceeding. The individual owned hundreds of individual pieces of real property and was embroiled in multi-million dollar fraudulent transfer litigation with one of his lenders. TTLG assisted the individual in confirming a Chapter 11 Plan of Reorganization which settled the fraudulent transfer litigation and provided the debtor with a clear path to reorganize and regain profitability.

Settlement of Multiple Eight Figure Tort Claims

TTLG has successfully utilized its insolvency law experience to assist both Defendants and Plaintiffs in order to provide settlement solutions that avoid the costs of a trial and avoid the costs of an insolvency case that is likely to follow entry of a large judgment.  Our strategies maximized a return to the parties involved while avoiding the steep financial and personal costs associated with a bankruptcy filing. 

Confirmation of Multiple Individual Chapter 11 Plans

TTLG recently confirmed one of the first individual Subchapter V Chapter 11 Plans in the Western District of Washington for a local small business owner who faced aggressive collection efforts.  During that case, TTLG successfully navigated multiple claim issues and negotiated settlement of an adversary proceeding, leading to plan confirmation.

TTLG also recently confirmed a consensual individual Chapter 11 Plan for a high wage earner, allowing that client to keep his house and retain his unvested shares from his employment compensation package.

Todd Tracy Recognized As ‘Super Lawyer’

For the last several years, Todd Tracy has been one of only a handful of bankruptcy attorneys in the Seattle area to be named as a ‘Super Lawyer’ by SuperLawyers Magazine. Todd has been practicing bankruptcy for over 30 years and his depth of experience and knowledge shows in and out of the courtroom.  His consistent recognition as a Super Lawyer reflects his colleagues longstanding acknowledgement of his excellence.

Jamie McFarlane Recognized As ‘Rising Star’

Jamie McFarlane has been named a bankruptcy “Rising Star” by SuperLawyers Magazine in recognition of Jamie’s excellence as an attorney specializing in insolvency issues for individuals.  Jamie is well known for his expertise in individual Chapter 7, 11 and 13 matters as well as for his ability to successfully negotiate with creditors on his client’s behalf.