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Philip R. Rudd, Scottsdale-Phoenix Bankruptcy Attorney

480.425.2676

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Philip R. Rudd

Philip Rudd’s clients appreciate his people-focused approach to practicing law and his skill in achieving resolution of their complex financial disputes.

Phil has represented borrowers and creditors in resolving their financial and operational challenges through workouts and negotiated restructurings, contested and uncontested bankruptcies, receiverships, asset and stock sales and liquidations, and litigation. He has also represented third-party custodians, such as receivers and bankruptcy trustees, in their duties to oversee the operation and liquidation of assets.

Practice Areas

Bankruptcy

Financial Restructuring

Loan Workouts

Creditors’ Rights in Bankruptcy

Representative Cases

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.

Professional Memberships and Activities

American Bankruptcy Institute

State Bar of Arizona: Bankruptcy Section

Maricopa County Bar Association: Bankruptcy Section (Chairman, 2000-2001; Secretary/Treasurer, 1999-2000; Executive Board Member, 1996-2001)

Turnaround Management Association: Board of Directors, 2004-2006

Honors and Awards

“Top People to Know in Commercial Real Estate,” AZRE Magazine, 2011

Court and Bar Admissions

Arizona, 1991

U.S. District Court, District of Arizona, 1991

U.S. Court of Appeals, Ninth Circuit, 1997

Articles and Presentations

“Judgment Enforcement in Arizona,” Lorman Education Services, 1998-2000

“Basic Bankruptcy Concepts for Non-Bankruptcy Lawyers,” Barrister, Summer 1996

Education

J.D., cum laude, James E. Rogers College of Law, University of Arizona, 1991: Dean’s List; University of Arizona Law Review; Honorable Mention, Best Moot Court Brief

B.A., University of Arizona, 1988

Birthplace

West Point, New York