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Wes Ray




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Wesley D. Ray
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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.

Practice Areas

Bankruptcy and Restructuring

Chapter 11 Reorganization

Loan Workouts

Business Law

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; Bankruptcy Litigation, 2022

Super Lawyers (Bankruptcy), 2021; Rising Stars, 2012-2020

AZ Business Magazine Top Lawyers: Up-and-Comer, 2014

Representative Cases

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 reorganization.

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, Creditor/Debtor Rights

Court Admissions


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 | PowerPoint PDF and Narrative

“A Bankruptcy Course in Professionalism,” State Bar of Arizona, 2015

“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 Cambridge-England, 2006

B.A., summa cum laude, Information Systems Management, Arizona State University, 2005

Community Activities

Cactus Horizon Little League: Board of Directors; Executive Committee; Treasurer

Spectrum Business Leadership Forum

Greater Phoenix Economic Council: Certified Ambassador, 2014

Greater Phoenix Chamber of Commerce: Former Member, Economic Development Committee