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Elizabeth Lee Thompson

Elizabeth Lee Thompson

Liz Thompson's practice focuses on creditors' rights, bankruptcy, and business litigation.  She handles loan restructurings, work-outs, collection actions and foreclosures. She represents lenders with respect to real estate loans, securitized loans, and asset-based lender credit. She represents equipment and agricultural lenders in state court replevin and collection matters; and as secured creditors in Bankruptcy Court. She represents parties in litigation, including lender liability, mortgage litigation, and other litigation.  She also represents secured creditors, sureties, substantial claimants, contractors, landlords, purchasers of assets, creditors' committees and debtors in Chapter 11 bankruptcies.  She litigates and defends fraudulent conveyance and preference actions.  She helps asset managers and investment funds identify and purchase commercial and industrial ("C&I") and commercial real estate ("CRE") credit facilities and assists with loan acquisitions and note buying.  

Ms. Thompson has extensive trial experience before state and federal judges in both the Eastern and Western Districts of Kentucky. She also frequently litigates evidentiary hearings before the United States Bankruptcy Court for the Eastern District of Kentucky in adversary proceedings and contested matters.

She joined the firm in 1995, previously served on its Management Committee, is head of its Creditors' Rights & Bankruptcy Service Group.

Recent Assignments

  • Represent agricultural and equipment lenders in farm bankruptcies
  • Represent suppliers in Chapter 11 Bankruptcy of Westinghouse Electric Co. in the United States Bankruptcy Court for the Southern District of New York
  • Represented secured creditors including regional banks and community banks in state and federal court litigation 
  • Collected millions of dollars in judgments including $1.5 million recovery from enforcement of a U.S. judgment in Paris, France, in 2012 
  • Represented creditors, sureties and other parties in Chapter 11 coal company bankruptcies in several states including Lodestar, Inc., Horizon Natural Resources, Trinity Coal Corporation, Patriot Coal Corporation, Alpha Natural Resources, and Peabody Coal Company 
  • Represented asset managers, investment funds and lenders in acquisition of C&I and CRE loans, note purchases, and loan servicing 
  • Litigated enforcement of commodities contracts in state and bankruptcy courts
  • Served as the principal bankruptcy attorney in the firm's engagement as counsel for the official unsecured creditors' committee in one of the biggest and highest-profile, personal bankruptcies in the history of Kentucky, the bankruptcy of Kentucky's former governor, Wallace G. Wilkinson 
  • Represented the debtor in Calumet Farm, Inc., the Chapter 11 bankruptcy of the largest horse farm in the nation
  • Represented the secured creditor and DIP Lender in the Chapter 11 bankruptcy of a major regional clothing retailer

Recent News, Articles & Speaking Engagements

Before Stites & Harbison

Liz was Shareholder and Vice President of the Lexington office of a commercial law firm. She managed that office and served as senior litigation attorney.

Besides Stites & Harbison

Liz and her husband, J.D., are the proud parents of two grown sons, Warren S. Thompson and Lee S. Thompson.

Professional Accolades

Martindale-Hubbell® AV-Preeminent® Peer Review Rated

Best Lawyers in America®, Bankruptcy & Creditor-Debtor Rights / Insolvency & Reorganization Law (2007-19)

Best Lawyers in America®, Lexington Area Lawyer of the Year for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2018)

The University of Kentucky Law Alumni Association, Professional Achievement Award (2009)

Certified in Business Bankruptcy by the American Board of Certification

Community Involvement

  • Northern Kentucky University, Board of Regents, 2010-16
  • Central Kentucky International Womens' Insolvency and Restructuring Confederation Board
  • Women Leading Kentucky Advisory Board
  • Leadership Kentucky, Class of 2004
  • Mary Queen of the Holy Rosary parish, member
  • Catholic Action Center, volunteer