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Contact Teresa

3400 U.S. Bancorp Tower
111 S.W. Fifth Avenue
Portland, OR 97204
T: 503.205.2646

Teresa H. Pearson

Partner
Represented secured lender in commencing federal receivership of one of the world’s largest distributors of building materials and wood products.
Represented trustee in Chapter 11 case of mortgage lender, including resolution of tax issues under 11 USC § 505(a) and various adversary proceedings filed by secured lender against trustee and by trustee against former majority shareholder.
Represented receiver in state-court receivership of senior living facility and Chapter 11 cases of three separate tenant-in-common limited liability company owners of facility. Confirmed and consummated joint plan with senior secured lender in Chapter 11 case pending in Oregon. Obtained dismissal of Chapter 11 cases filed in Washington and Delaware as bad-faith filings. Represented receiver in completing sale of facility.
Represented numerous secured lenders in SEC Receivership and Chapter 11 bankruptcy cases of Sunwest Management, Inc., its related senior living facilities, and its principal, Jon Harder. Restructured loan terms for some lenders and obtained releases of collateral for other lenders. Negotiated and documented sales of collateral.
Represented secured lender in obtaining relief from stay and abandonment of collateral from Chapter 11 case, foreclosure, and receivership of property to handle land use issues pending foreclosure.
Represented secured trade creditor with security interest in accounts receivable and aircraft in Chapter 11 case of aircraft manufacturer.
Represented secured creditor in commencing state-court receivership proceeding to reopen closed dental practice with more than a dozen employees and sell practice as going concern, preserving significant value over liquidation value.
Represented bankruptcy trustee in appeal of preference case, leading to new law on the issue of how the ordinary course of business defense to an alleged preference applies to first-time transactions between a debtor and a creditor, and how the defense applies to restructuring agreements.
Represented debtor as special counsel for insurance issues in Chapter 11 bankruptcy case. Obtained settlement of insurance claims, which funded debtor’s Chapter 11 plan.
Represented secured creditor in multistate related bankruptcy cases, including obtaining appointment of Chapter 11 trustee in California case.
Represented unsecured creditors’ committee in negotiating confirmed Chapter 11 plan for group of aluminum smelters and aluminum manufacturing businesses.
Represented majority shareholder in Chapter 11 case of owner and operator of a submarine telecommunications cable connecting Alaska with the continental United States, including negotiated settlement incorporated into confirmed Chapter 11 plan.
Represented secured creditor in state-court receivership and bankruptcy case of fuel distributorship, including liquidation of assets.