Director
voice: (804) 775-6948
fax: (804) 775-6911
rterry@durrettebradshaw.com
Practice Groups:
Bankruptcy
Roy M. Terry, Jr. is a Chapter 7 Panel Trustee of the
U. S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. He chairs the firm’s bankruptcy practice group, and has 30 years' practice experience in representing both businesses and individuals as debtors and creditors under all chapters of the Bankruptcy Code.
Mr. Terry has been selected by his peers as one of the Best Lawyers in America and one of Virginia’s “Legal Elite” in Bankruptcy/Creditors’ Rights, according to Virginia Business Magazine in cooperation with the Virginia Bar Association. Mr. Terry is named as a Super Lawyer in the area of Bankruptcy & Creditor/Debtor Rights practice area in Law & Politics magazine.
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 became the first U.S. lawyer allowed 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.
Mr. Terry has served as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Lee County Community Hospital. Through a bidding process concluded at a sale hearing held on April 17, 2001, in the United States Bankruptcy Court for the Western District of Virginia, Roanoke Division, the hospital’s assets were sold for a price which provided a 100% recovery plus interest for unsecured creditors.
Personal Background: Professional Affiliations: Publications: A New Twist on the Classic Ponzi Scheme The Intersection of Domestic Relations and Bankruptcy Law, appearing in the October, 03 issue of VA Lawyer The Vavasseur Prime Bank Securities Fraud Speaker topics/engagements: Mr. Terry is a frequent CLE speaker and spoke at the 2008 23rd Annual Mid-Atlantic Institute on Bankruptcy and Free Organization Practice. His topic was “Ethics-How to Deal with Transmission of Metadata”.
Mr. Terry attended Law School at the University of Richmond and was admitted to the Virginia Bar in 1978. During law school, he received the American Jurisprudence Book Award for Bankruptcy. Mr. Terry earned his undergraduate degree at the College of William and Mary in history. He attended Bath University, England, during 1973-74. As the son of a Virginia State Police Captain, he grew up living throughout the Commonwealth.
