Christine Tobin-Presser

Chapter 11 representation of a debtor that held highly disputed interests in intellectual property related to technology that improves diesel engine efficiency. The Debtor filed Chapter 11, which prevented all stakeholders from being wiped out through a receivership proceeding, and settled the disputed ownership claims, which allowed for potential recovery to unsecured creditors and equity.

Chapter 11 representation of a Whatcom County, Washington, property developer. The Debtor filed a Chapter 11 case to prevent a foreclosure which would have resulted in no payments to unsecured creditors. During the case, the Debtor obtained necessary post-petition financing, completed entitlement work on a significant development in Whatcom County, sold the development, and paid its creditors in full.

Chapter 11 representation of three debtors that operating skilled nursing facilities in Washington state. The Debtor, pursuant to Section 363, sold their operations to a new operator, which allowed more than 200 residents to remain in their homes during the COVID pandemic.

Bush Kornfeld represented 7 related companies in consolidated Chapter 11 cases. The companies owned and operated several large oil/gas construction support vessels operating primarily in the Mexican Gulf of Mexico and needed to restructure their secured debt of approximately $50 million and their operating liabilities. The companies confirmed a Joint Plan of Reorganization that completed the restructure and allowed continued, profitable, uninterrupted operations.

Bush Kornfeld represented a pod storage company in its Chapter 11, with a focus on selling the business/assets as a going concern. Successfully completed a Section 363 sale of the going concern assets.

Bush Kornfeld represented TC Global, Inc. (Tully's Coffee) in its sale process through Chapter 11, working with the company to set up an auction process and completing the details which lead to a closed-sale transaction sufficient to pay general unsecured creditors 90% of debt.

Bush Kornfeld represents James F. Rigby, Jr., Trustee of the Michael R. Mastro bankruptcy estate. The case involves over $600,000,000 in total debt and substantial litigation against various parties related to the Debtor.

Bush Kornfeld represented The Seattle Times in successfully restructuring its long-term debt, as well as other operational and related issues. As a result of the restructure, The Seattle Times remains viable and the sole-surviving daily newspaper in Seattle.

Bush Kornfeld represented Brown & Cole which initially operated 30 grocery stores in Northwest and Central Washington, with approximately 1,200 mostly union employees, and generating annual sales of almost $300 million. At the time of filing its Chapter 11 case, Brown & Cole’s secured debt exceeded $100 million. Brown & Cole confirmed an operating Plan, successfully restructuring its capital structure and pension obligations to facilitate its continued operation.

Represented debtor in the successful Chapter 11 reorganization of nine Sonic franchise restaurants in the Boise, Idaho area, resulting in preservation over 125 jobs.

Represented Chapter 11 trustee in substantively consolidating nine related entities comprising a resort and selling the consolidated business as an operating entity through a plan of liquidation resulting in 100% payment to all non-subordinated creditors.

Served as special counsel to the Chapter 7 trustee in Anchorage, Alaska, negotiating a $1,500,000 settlement from the debtor’s former principal to be paid to creditors.

Representation of Unsecured Creditors Committee in achieving distribution of approximately 50% where no distribution had been anticipated at the outset.

Served as counsel to Pivotal Solutions, Inc., state court-appointed receiver, in winding up the company’s affairs, including overseeing resolution of numerous pending foreclosure-related lawsuits.