Ragan Powers represents investors, secured and unsecured lenders, debtors and lessors in restructuring and bankruptcy. He handles out-of-court workouts and restructurings, consensual and litigated Chapter 11 cases, distressed business transactions and related litigation. Ragan has helped clients with a range of issues including underperforming equity investments, large secured transactions, management of troubled loan portfolios and distressed financing arrangements.
Representative Experience
Associated Grocers Inc.
Represent former large wholesale grocery distributer in wind down and liquidation of business. (Ongoing)
In re AmericanWest Bancorp
Represent Starbuck Bancshares in Chapter 11 proceedings of AmericanWest Bancorp, including acquisition of AmericanWest Bank in Section 363 sale. (Ongoing)
In re AMR Corp.
Represent Alaska Airlines Inc. in Chapter 11 bankruptcy proceedings of American Airlines. (Ongoing)
In re Big Nevada LLC
Represent Canadian receiver in Chapter 15 proceedings involving several operating casinos in Washington state. (Ongoing)
In re Borders Books Group, Inc.
Represent Seattle's Best Coffee in Chapter 11 bankruptcy proceedings of Borders Group, Inc. and its affiliates. (Ongoing)
In re Plum TV, Inc.
Represent secured noteholders in Chapter 11 proceedings of Plum TV, Inc., including in connection with Section 363 sale. (Ongoing)
MKA Real Estate Opportunity Fund
Represented Freestone Investments in seeking recovery of $25MM from individual guarantors. (Ongoing)
In re Coast Crane, Inc.
Represented secured lenders of Coast Crane in Chapter 11 proceedings of Coast Crane, Inc. including Section 363 sale process. (2011)
M/V Alucia
Represented purchaser in distressed acquisition of deep ocean exploration vessel. (2011)
Seattle Four Seasons project restructuring
Represented equity owners in restructuring secured debt and resolving construction litigation claims related to the Four Seasons project in Seattle. (2011)
Suncadia Resort
Represented JELD-WEN, Inc. in connection with disposition of its interest in Suncadia Resort. (2011)
Groshong v. Sapp, et al.
Represented shareholder and former CEO of MILA, Inc., in connection with claims brought by MILA trustee, including Directors & Officers (D&O) fraudulent conveyance and preference claim. (Bankr. W.D. Wash. 2010)
In re Madill Equipment Canada
Represented Canadian receiver in Chapter 15 proceeding involving U.S. business assets. (2008)
In re Brown & Cole Stores LLC
Represented debtor's primary supplier and major lessor of grocery store locations in Chapter 11 proceedings, including contested plan confirmation and defense of complex breach of contract and related claims. (2007)
Securities transaction for Rocketplane, Inc.
Representation of restructured company in capital raising activities and government contracting. (2007)
In re Kistler Aerospace Corp.
Represented debtor in successful Chapter 11 reorganization in which $600 million of pre-petition debt was restructured. (2006)
In re Larry's Markets
Represented primary supplier to grocery store chain, including Section 363 sale process. (2006)