Member

Elizabeth Lee Thompson

Liz Thompson's practice focuses on creditors' rights, bankruptcy, and business litigation. She works with secured lenders to recover their loans and collateral through workout and forbearance, self-help remedies, state or federal court litigation, or bankruptcy proceedings. She assists secured and unsecured creditors, debtor in possession lenders, creditors' committees, sureties, suppliers, contractors, landlords, utilities, and purchasers of assets in complex commercial bankruptcies, including Chapter 11 and Chapter 12 cases nationally.

She represents equipment and agricultural lenders in state court replevin and collection matters, and parties in state and federal court litigation, including lender liability, mortgage litigation,and other litigation. She also 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.

Liz 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 bankruptcy courts in adversary proceedings and contested matters. Liz is certified as a Business Bankruptcy Specialist by the American Board of Certification.

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

Recent News, Articles & Speaking Engagements

Local Bankruptcy Rules: Kentucky (E.D. KY)

Commencement of Case

ABA Fidelity & Surety Law Committee, May 27, 2021

Chapter 5: Commencement of Case

Surety Aspects of Bankruptcy Law and Practice, American Bar Association, April 2021

Creditors Take Notice: Changes to House Bills 155 and 411

Collecting a Judgment

Webinar, July 8, 2020

Asset Recovery Orders/Replevin Overview & Local Rules

Webinar, June 30, 2020

Proofs of Claim and Adequate Protection

Webinar, June 19, 2020

Hot Bankruptcy Decisions of 2019

Webinar, June 10, 2020

New Bankruptcy Law May Increase Small Business Filings

Information You Need on the COVID-19 Coronavirus

Westmoreland Coal to liquidate, but mines will continue bearing its name

by Ellie Potter, S&P Global Market Intelligence, March 7, 2019

Attorneys: Reopening Alpha bankruptcy case unlikely to impact coal producer

by Ellie Potter, S&P Global Market Intelligence, January 11, 2019

Law Firm Lawyers: Elizabeth Lee Thompson

Chapter 3, Grit, The Secret to Advancement: Stories of Successful Women Lawyers, by Milana Hogan, American Bar Association Commission on Women in the Profession, August 2017

Debtor-In-Possession and Exit Financing

Recent Assignments
Bar Admissions
Kentucky
Pro Hac Vice admission - U.S. Bankruptcy Court for the Eastern District of Virginia
Pro Hac Vice admission - U.S. Bankruptcy Court for the Northern District of California
Pro Hac Vice admission - U.S. Bankruptcy Court for the Southern District of New York
Pro Hac Vice admission - U.S. Bankruptcy Court for the Southern District of Texas
U.S. Court of Appeals for the 6th Circuit
U.S. District Court for the Eastern District of Kentucky
U.S. District Court for the Western District of Kentucky
Firm Leadership

Creditors' Rights & Bankruptcy Service Group, Prior Chair

Management Committee, Past Member

Memberships
American Bar Association
Kentucky Bar Association
Fayette County Bar Association
American Bankruptcy Institute
Fayette County Women Lawyers Association, Founder and first president
Community Involvement

Northern Kentucky University, Board of Regents, (2021-27; 2010-16)

Central Kentucky International Women's Insolvency and Restructuring Confederation Board

Women Leading Kentucky Advisory Board

Catholic Action Center, Volunteer

Education
More Than 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.

Liz and her husband, J.D. enjoy spending time with their children and grandchildren, playing tennis, and vacationing in Santa Rosa Beach, Florida, and Frankfort, Michigan.

Accolades

Martindale-Hubbell® AV-Preeminent® Peer Review Rated

Best Lawyers in America®, Bankruptcy & Creditor-Debtor Rights / Insolvency & Reorganization Law (2007-23)

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

Fayette County Bar Women Lawyers' Association, 2021 Woman of the Year

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

Certified as a Business Bankruptcy Specialist by the American Board of Certification

M Hicon 2020
Thompson Best Law2023
Best Lawyers Lawyer Of The Year 2018
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See more related to Elizabeth Lee Thompson
Press Releases

Stites & Harbison, PLLC Lawyers Named to 2023 Best Lawyers® Publications

LOUISVILLE, Ky.—Stites & Harbison, PLLC is pleased to announce that 98 of its lawyers are included in the 2023 Edition of The Best Lawyers in America©. Additionally, 11 Stites & Harbison attorneys are named as “Lawyer of the Year” and 19 attorneys are recognized in “Best Lawyers: Ones to Watch,” which recognizes attorneys early in their careers for outstanding professional excellence in private practice in the United States.

by Stites & Harbison, PLLC August 18, 2022
Articles

Local Bankruptcy Rules: Kentucky (E.D. KY)

Bankruptcy attorneys Brian Pollock, Chrisandrea Turner and Elizabeth Thompson discuss Kentucky bankruptcy rules in this Practical Law Practice Note.

by Brian R. Pollock, Elizabeth Lee Thompson, and Chrisandrea L. Turner August 03, 2022
Press Releases

FCBA’s Women Lawyers’ Association Names Elizabeth Lee Thompson as Woman of the Year for 2021

LEXINGTON, Ky.—The Fayette County Bar Association’s Women Lawyers’ Association (FCBA WLA) has named Stites & Harbison, PLLC attorney Elizabeth Lee Thompson as its Woman of the Year for 2021.

by Stites & Harbison, PLLC December 17, 2021
Press Releases

Stites & Harbison, PLLC Lawyers Named to 2022 Best Lawyers® Publications

LOUISVILLE, Ky.—Stites & Harbison, PLLC is pleased to announce that 93 lawyers are included in the 2022 Edition of The Best Lawyers in America©. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Additionally, 11 attorneys are named as “Lawyer of the Year” and 14 attorneys are recognized in “Best Lawyers: Ones to Watch,” which recognizes attorneys early in their careers for outstanding professional excellence in private practice in the United States.

by Stites & Harbison, PLLC September 01, 2021
Client Alerts

Secured Lenders Fail to Manage the Risk of “Springing Liens” at Their Peril

“Springing liens” are first priority statutory liens on property that spring into existence when certain obligations remain unpaid. Springing Liens can attach to real estate, for example, when the following obligations are not paid: taxes, condominium association dues, or claims for construction labor or materials.

by Elizabeth Lee Thompson July 29, 2021
Press Releases

Elizabeth Lee Thompson Appointed to NKU Board of Regents

LEXINGTON, Ky.—Governor Andy Beshear has appointed Stites & Harbison, PLLC attorney Elizabeth Lee Thompson as a member of the Northern Kentucky University (NKU) Board of Regents.

by Stites & Harbison, PLLC July 13, 2021
Presentations

The Coronavirus and Beyond: Strategies for Creditors During Uncertain Economic Times

In this recorded webinar, Creditors' Rights & Bankruptcy attorneys Elizabeth Lee Thompson, Brian M. Bennett, Chrisandrea L. Turner and John S. Wathen discuss the latest legal issues impacting businesses during these uncertain economic times.

by Elizabeth Lee Thompson and Chrisandrea L. Turner November 13, 2020
Press Releases

Stites & Harbison, PLLC Lawyers Named to 2021 Best Lawyers® Publications

LOUISVILLE, Ky.—Stites & Harbison, PLLC is pleased to announce that 82 lawyers are included in the 2021 Edition of The Best Lawyers in America©.

by Stites & Harbison, PLLC August 20, 2020