Wesley D. Ray
Wes Ray devotes his practice to the resolution of
complex business and financial problems encountered by clients ranging from sole
proprietorships to publicly traded companies.
Wes’s practice includes financial restructuring and
business litigation, with specific emphasis in consensual debt restructurings
and Chapter 11 bankruptcy proceedings.
The Super Lawyers and Best Lawyers in America® honoree and
2018 Best Lawyers Bankruptcy and Creditor Debtor Rights “Lawyer of the Year” (Scottsdale) has
successfully represented real estate developers, banks, operating companies,
loan servicers, and ownership groups in workout negotiations, bankruptcy,
receivership proceedings, and joint venture transactions.
In every representation, Wes strives to offer
aggressive and creative counsel intended to realize each client’s objectives
while minimizing delay and expense.
Bankruptcy and Restructuring
Chapter 11 Reorganization
Honors and Awards
The Best Lawyers in America®: “Lawyer of the
Year” (Scottsdale), Bankruptcy and Creditor Debtor Rights / Insolvency and
Reorganization Law, 2018
The Best Lawyers in America, Bankruptcy and
Creditor Debtor Rights/Insolvency and Reorganization Law, 2016-present
Super Lawyers (Bankruptcy), 2021; Rising Stars, 2012-2020
AZ Business Magazine Top Lawyers: Up-and-Comer,
Served as counsel for the debtors in a Chapter 11 case
in which plans of reorganization were confirmed for a public corporation and 15
of its affiliates.
Assisted a national restaurant operator with the
consensual restructuring of $70 million in indebtedness.
Served as counsel for the primary secured creditor in
the Chapter 11 proceedings of five affiliated hotels located in three states.
Negotiated and documented a transaction in which a
private equity firm acquired equity positions, in multiple tranches, and
subsequently real estate, relating to a luxury residential and golf development
in northern Arizona.
Negotiated and effectuated a sale of approximately $29
million in assets pursuant to Section 363 of the Bankruptcy Code.
Successfully represented the equity holders of a large
temporary housing company in a Chapter 11 proceeding in which the company was
reorganized and the equity retained.
Represented an international aviation company in myriad
post-confirmation and operational disputes.
Represented four affiliated debtors in bankruptcy
proceedings occasioned by the collapse of a Ponzi-style financial company.
Represented a fundraising company in a pre-negotiated
reorganization that was quickly approved by all critical constituencies.
Successfully assisted multiple clients in restructuring
SBA loans outside of bankruptcy.
Represented eight affiliated entities, which comprised
a national plumbing and HVAC enterprise, in a successful Chapter 11
Served as counsel for the debtor in the publicized
bankruptcy proceedings of a nonprofit organization responsible for the
management and maintenance of a notable municipal golf course.
Served as counsel for a real estate developer in a
Chapter 11 bankruptcy in which a $13 million reduction in indebtedness was
negotiated and effectuated.
Advised a distressed healthcare facility in all aspects
of its operations, including management, personnel and accounting, in order to
reestablish financial viability.
Presented appeals to the Bankruptcy Appellate Panel and
the U.S. Court of Appeals for the Ninth Circuit.
Professional Memberships and Activities
American Bankruptcy Institute
Arizona Bankruptcy American Inn of Court, 2011-2014
American Bar Association: Young Lawyers Division
State Bar of Arizona: Bankruptcy Section
Maricopa County Bar Association: Bankruptcy Section
Community Legal Services: Volunteer Lawyers Program
Phoenix School of Law: Former Adjunct Professor,
U.S. Court of Appeals, Ninth Circuit
U.S. District Court, District of Arizona
U.S. Bankruptcy Court, District of Arizona
Articles and Presentations
Is the Newly Enacted Section of the Bankruptcy Code Small Business Reorganization a Lifeline or Curse for Debtors and Creditors?
(webinar), Maricopa County Bar Association, May 2020 |
“A Bankruptcy Course in Professionalism,” State Bar of
“Ethical Considerations for the Bankruptcy
Practitioner,” State Bar of Arizona, 2014
“Examination of Expert Witnesses,” Arizona Bankruptcy
American Inn of Court, 2013
“Evidentiary Objections,” Arizona Bankruptcy American
Inn of Court, 2012
“Troubled Debt Restructuring Transactions,” National
Business Institute, 2012
J.D., magna cum laude, James E. Rogers College
of Law, University of Arizona, 2008: Business Editor, Arizona Journal of
International and Comparative Law; The Hon. William D. Browning Award for
Excellence in Constitutional Law
International Commercial Law Program, University of
B.A., summa cum laude, Information Systems
Management, Arizona State University, 2005
Cactus Horizon Little League: Board of Directors;
Executive Committee; Treasurer
Spectrum Business Leadership Forum
Greater Phoenix Economic Council: Certified Ambassador,
Greater Phoenix Chamber of Commerce: Former Member,
Economic Development Committee