Garrett S. Ledgerwood

Garrett S. LedgerwoodPractice Emphasis
Creditors’ Rights
Licensed to practice in Oregon, New York and Washington

Washington and Lee University School of Law, J.D. (2009) (summa cum laude)
(Order of the Coif)
Texas Tech University, BBA (2001) (cum laude)

Garrett is a partner in Hershner Hunter’s Bankruptcy and Creditors’ Rights groups.  He joined the firm in 2014 and is licensed to practice in Oregon and New York.

Garrett has a broad range of experience advising clients in bankruptcy, restructuring, and finance matters.  His practice involves all aspects of in-court and out-of-court restructurings of financially distressed businesses.  Garrett’s practice focuses primarily on representation of creditors in foreclosure and distressed debt situations.  Garrett also has extensive experience representing creditor committees, lenders, and third-party purchasers in chapter 11 cases, including in connection with bankruptcy sales, debtor-in-possession and exit financing, and plan negotiation and formulation.

Prior to joining Hershner Hunter, Garrett was an attorney with Fried, Frank, Harris, Shriver & Jacobson, as a member of Fried Frank’s New York Bankruptcy and Restructuring group.  Prior to joining Fried Frank, Garrett was a law clerk to the Hon. S. Martin Teel, Jr., United States Bankruptcy Judge for the United States Bankruptcy Court of the District of Columbia.

Garrett attended the Washington and Lee University School of Law, where he graduated summa cum laude in 2009.  At Washington and Lee, Garrett was the Editor-in-Chief of the Washington and Lee Law Review, was elected to the Order of the Coif, and was awarded the American Bankruptcy Institute’s Medal of Excellence in Bankruptcy.  Garrett received his undergraduate degree in Economics from Texas Tech University in 2001, where he graduated cum laude.

Garrett grew up in southern New Mexico and is pleased to be returning west.  Outside of the office, Garrett enjoys participating in sports, including running, tennis, and golf, and working in his woodshop.

Garrett’s representative experience includes:

  • Representation of ad hoc committee of senior secured lenders holding more than $100mm in secured debt in out-of-court and in-court restructuring of Penson Worldwide, Inc. (Bankr. D. Del., Case No. 13-10061).
  • Representation of ad hoc committee of secured lenders holding more than $100mm in secured debt in out-of-court restructuring of privately held defense contractor, including representation in connection with debt-for-equity swap, exempt securities issuance, and new debt financing.
  • Representation of prospective stalking-horse bidder in In re LightSquared, Inc. (Bankr. S.D.N.Y., Case No. 13-12080), in connection with $1bb+ bid for the acquisition of substantially all of LightSquared’s assets.
  • Representation of bidder in In re Revel Casino (Bankr. D.N.J., Case No. 14-22654) in connection with bid for substantially all of the assets of the Revel Atlantic City Casino.
  • Representation of real estate investment fund in In re South Side House, LLC (Bankr. E.D.N.Y., Case No. 09-43576) in connection with multi-million-dollar bankruptcy sale acquisition of multi-unit rental property located in Brooklyn, New York.
  • Representation of landlord in connection with lease rejection action in In re C&K Markets (Bankr. D. Or., Case No. 13-64561).
  • Representation of certain equity holders of Tribune Company in multi-billion-dollar fraudulent conveyance action commenced by certain of Tribune’s pre-bankruptcy noteholders and litigation trustee.
  • Representation of real estate investment funds in connection with $350mm acquisition of EVOQ Properties, a property holding company with real property assets located primarily in Downtown Los Angeles.
  • Advising distressed debt and hedge funds in connection with debt and equity acquisitions in distressed companies.
  • Representation of borrowers and lenders in secured financings, including senior secured term loans and revolving credit facilities and debtor-in-possession financings.