Kevin J. Funk
Elizabeth L. Gunn
John C. Smith
Roy M. Terry, Jr.

Bankruptcy is an increasingly sophisticated practice area, as we know from representing scores of individuals and corporations in bankruptcy proceedings over the years. Whether you own a business considering its reorganization options, or are an unwilling creditor brought into a remote bankruptcy proceeding, you want counsel with experience and knowledge of the complex rules governing bankruptcy.

We appear regularly in the bankruptcy courts of the Eastern and Western Districts of Virginia, encompassing the entire Commonwealth of Virginia. Our lawyers appear in bankruptcy courts in other jurisdictions as well, as may be necessary to properly represent your interests.

For businesses in need of breathing room, we offer a wealth of experience in:

Informal workouts and Chapter 11 bankruptcy reorganizations
Complex Chapter 7 bankruptcy liquidations for business owners and professionals who conducted their businesses as solo practitioners.

We bring and defend adversary proceedings for:
                      Recovery of preferences
                      Determining of discharge ability

    

The Bankruptcy Practice Group is well experienced in serving as a judicially appointed receiver.  In SEC v. Vavasseur Corp., et al, Roy M. Terry, Jr. and DurretteBradshaw have been tasked by the U.S. District Court, Western District of Virginia, with unraveling an international securities fraud scheme (Ponzi) totaling in excess of $100 million, and with returning funds to injured investors.  In discharging its duties to recover assets, the firm has worked with accountants and attorneys in the UK who are performing similar functions with respect to a side of the scheme perpetrated there.  A court-approved cooperation agreement with the UK Liquidator is believed to be the first of its kind.  Mr. Terry also became the first U.S. lawyer authorized to address the High Court in Guernsey.  For more on this case you can go to articles in Virginia Lawyers Weekly and Forbes magazine.

In Sec v. International Fiduciary Corp., Roy M. Terry, Jr. has again been appointed by the U.S. District Court, Eastern District of Virginia, to sort through the aftermath of a $45 million Ponzi scheme affecting investors in the U.S. and Canada.  The Bankruptcy Practice Group has also been appointed by the U.S. District Court, Eastern District of Virginia, at the request of the U.S. Attorney, to facilitate restitution to victims following upon a check fraud scheme.

DurretteBradshaw also represents:

• Bankruptcy trustees
• Unsecured creditors
• Financial institutions

Roy M. Terry, Jr., Chairman of the Bankruptcy Practice Group, serves as a Chapter 7 Panel Trustee for the U.S. Bankruptcy Court, Richmond Division.

The rules of bankruptcy are frequently unfamiliar to the litigant. Also, money--frequently large amounts--is virtually always an issue in bankruptcy cases. The knowledge and experience of the DurretteBradshaw Bankruptcy Practice Group can assist you in achieving your goals, and help make the process an understandable one.

Roy M. Terry, Jr. is the Chairman of the Bankruptcy Group.