Sacks Tierney P.A.

Member of Meritas: 173 full-service law firms serving more than 200 markets worldwide

Scottsdale-Phoenix | 480.425.2600

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Randy Nussbaum, Phoenx-Scottsdale Bankruptcy Lawyer

Randy Nussbaum

Wes Ray, Phoenix-Scottsdale Bankruptcy Lawyer

Wes Ray

Phil Rudd, Phoenx-Scottsdale Bankruptcy Lawyer

Phil Rudd

Jim Samuelson, Phoenix-Scottsdale Bankruptcy Attorney

Jim Samuelson

Greg Gillis, Phoenix-Scottsdale Bankruptcy Attorney

Greg Gillis

Sierra Minder, Phoenix-Scottsdale Bankruptcy Attorney

Sierra Minder



Best Law Firms

Ranking Arizona

Restructuring and Bankruptcy Attorneys

Sacks Tierney’s Corporate Restructuring and Bankruptcy Group is nationally known and respected for representing financially distressed companies and high net worth individuals in complex debt restructuring, and in protecting the interests of lenders and other creditors.

Sacks Tierney is a "Best Law Firms" Regional Tier 1 selectee for Bankruptcy and Bankruptcy Litigation and is a Top 10 bankruptcy firm in Ranking Arizona.


Negotiating the Pandemic: 2020 and Beyond,” July 2020

Changes to the Bankruptcy Code May Offer Relief for Small Businesses as the Financial Impact of COVID-19 Grows,” April 2020

The Looming Bankruptcy Pandemic and the Impact of the New Small Business Reorganization Act's Changes to the Bankruptcy Code,” April 2020

The Intersection of Bankruptcy Preferences and Mechanic’s Lien Waivers — A Wrong Turn Can Be Costly,” October 2019

Debtor Representation

Financially distressed businesses and individuals can rely on Sacks Tierney in financial restructuring, finding new sources of financing, workout negotiations, asset protection, Chapter 11 reorganization and bankruptcy litigation.

You may benefit from our creativity in resolving your financial pressures, and from our ability to find solutions that are both efficient and effective. We offer aggressive and creative counsel intended to realize each client’s objectives while minimizing delay and expense.

Creditors' Rights

Sacks Tierney's bankruptcy attorneys’ major clients have included secured creditors, such as financial institutions and mortgage lenders; unsecured creditors, including lessors, vendors and other parties to executory contracts; equity holders; institutions involved in post-petition debtor-in-possession financing; and parties interested in acquiring stock or assets of a financially troubled company.

Trustee Representation

We have also represented third-party custodians, such as receivers and bankruptcy trustees, in their duties to oversee the operation and liquidation of assets.

Scope of Services

Our experience and services include litigation in U.S. Bankruptcy Court and Federal District Court, advising troubled businesses, and finding new funding for businesses.

The scope of our bankruptcy and creditors' rights practice includes adversary litigation and appellate work in all aspects of restructuring and bankruptcy.

Our industry experience encompasses every major Arizona economic sector, including:

  • Real estate development

  • Hospitality

  • Banking

  • Manufacturing

  • Construction

  • Finance

  • Professional services

Representative Matters

  • In re: Miles Machinery: the first successful rejection of a UAW collective bargaining agreement

  • In re: Frutchey Bean: successful reorganization of Michigan’s largest edible bean processing facility; the plan was a complex tax strategy involving a reverse triangular reorganization under the Internal Revenue Code

  • In re: Aerospace America: successful reorganization of a large government contractor

  • Dore & Associates Contracting, Inc.: successful reorganization for one of the nation’s largest demolition contractors, with projects in 27 states

  • In re: Photocomm: successful reorganization in which a private company was successfully taken public using the Bankruptcy Code’s safe harbor provisions

  • In re: Great Western Systems: successful reorganization of an American Stock Exchange company

  • In re: Prime Financial: successful reorganization of an American Stock Exchange company

  • Confirmed plan of reorganization for a luxury home and golf course development in Flagstaff, Arizona

  • Confirmed plan of reorganization for Class A office building in an upscale area of Scottsdale, Arizona

  • Through the use of the Chapter 11 reorganization process, negotiated a significant discounted cash payoff of a $31 million senior living facility debt through the sale of assets, which also resulted in a full release of all guarantees

  • Confirmed a contested Chapter 11 cram-down plan of reorganization for an office building, which significantly reduced the secured creditor's $21 million claim and allowed the debtor's interest holders to retain their interests in the reorganized debtor

  • Through the Chapter 11 reorganization process for a storage facility, negotiated a significant discounted cash payoff of a $7.5 million secured claim, which allowed the interest holders to retain their interests in the debtor

  • Following heavily contested valuation and plan confirmation proceedings, negotiated a consensual plan of reorganization with the secured lender regarding its $21 million claim in a retail and office center in Las Vegas, which allowed the interest holders to retain their interests in the reorganized debtor and provided for a release of guarantees

  • 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