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.
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.
Steven Reilly Recognized As ‘Rising Star’
For the fourth year in a row, TTLG’s very own Steven J. Reilly was recognized as a ‘Rising Star’ in the field of Business Bankruptcy by SuperLawyers Magazine. The designation of ‘Rising Star’ is coveted and is difficult to obtain. It is only bestowed upon 2.5% of eligible attorneys. Steven’s designation as a ‘Rising Star’ reflects his position as one of the top young bankruptcy practitioners in the Seattle area.
Steven recently had two articles published in highly-acclaimed national bankruptcy journals. The first, What Is An Individual Chapter 11 Debtor’s Business For Purposes of § 1141(d)(3)(B)?, was published in the November 2018 American Bankruptcy Institute Journal. The article discussed Congress’ intended meaning of the word ‘business’ in the context of a bankruptcy code subsection that was originally drafted to only deal with corporations. Exciting stuff. The second article, Are Arbitration Clauses Regarding the Dischargeability of Student Loan Debts Under 11 U.S.C. § 523(a)(8) Enforceable in Bankruptcy?, was published in the April 2019 Norton Journal of Bankruptcy Law and Practice. The article examined the enforceability of arbitration clauses contained in private student loan agreements in the context of bankruptcy proceedings in light of recent Supreme Court jurisprudence addressing the Federal Arbitration Act.