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 debt
restructurings and Chapter 11 bankruptcy proceedings.
The Best Lawyers in America® honoree has successfully represented real estate developers,
banks, loan servicers and ownership groups in workout negotiations, bankruptcy
and 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®, Bankruptcy and
Creditor Debtor Rights/Insolvency and Reorganization Law, 2016-2018
Super Lawyers Rising Stars, 2012-present
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.
Successfully represented a former executive of a failed
lending institution in bankruptcy proceedings and related litigation.
Negotiated and effectuated a sale of approximately $29
million in assets pursuant to Section 363 of the bankruptcy code.
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.
Obtained summary judgment in excess of $4 million on a
client’s claims for breach of contract and violation of the Prompt Pay Act.
Represented several judgment debtors in multi-million
dollar collection actions.
Obtained court approval of a dirt-for-debt Chapter 11
plan over the objection of the secured creditor.
Professional Memberships and Activities
American Bar Association: Young Lawyers Division
State Bar of Arizona: Bankruptcy Section
Maricopa County Bar Association: Bankruptcy Section
Arizona Summit Law School: Former Adjunct Professor
Community Legal Services: Volunteer Lawyers Program
Court and Bar 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
“A Bankruptcy Course in Professionalism,” State Bar of
“Ethical Considerations for the Bankruptcy
Practitioner,” State Bar of Arizona, 2014
“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
Greater Phoenix Chamber of Commerce: Economic