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Admitted to Practice

  • Washington, 1981
  • U.S. District Court Western District of Washington
  • U.S. District Court Eastern District of Washington

Ragan Powers

PowersRagan
Partner
T206.757.8123
F206.757.7123

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)

Professional & Community Activities

  • American Bankruptcy Institute
  • American Bar Association
  • Board Member, NW Chapter of Turnaround Management Association

Professional Recognition

  • Named as one of "America’s Leading Lawyers for Business" in Bankruptcy/Restructuring (Washington) by Chambers USA, 2005-2014; Received "Band 1" ranking, 2012-2014 
  • Named one of the "Best Lawyers in America" in Bankruptcy and Creditor-Debtor Rights Law by Best Lawyers, 2001-present
  • Selected to "Washington Super Lawyers," Thomson Reuters, 2001-2002, 2004, 2006-2014
  • Named as one of "155 Top Lawyers" by Seattle Magazine and Seattle Business Monthly, 2007