Liz Thompson's practice focuses on creditors' rights, bankruptcy, and business litigation. She represents lenders with respect to real estate loans, securitized loans, and asset-based lender credit. She works with secured lenders in protecting and recovering their collateral whether 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 both complex commercial bankruptcies as well as large and small individual Chapter 11 and Chapter 12 cases nationally. Liz represents plaintiffs and defendants in preference actions, fraudulent conveyance actions, claim objections, breach of fiduciary duty investigations, and any other contested or litigation matters in bankruptcy court.
She represents equipment and agricultural lenders in state court replevin and collection matters; and secured creditors in bankruptcy court. Liz represents parties in state and federal court litigation, including lender liability, mortgage litigation, landlord claims 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 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, and is head of its Creditors' Rights & Bankruptcy Service Group.
LinkedIn, March 20, 2020
LinkedIn Video, January 2020
LinkedIn video, November 2019
by Ellie Potter, S&P Global Market Intelligence, March 7, 2019
by Ellie Potter, S&P Global Market Intelligence, January 11, 2019
Agricultural Bankruptcy Issues
Law Firm Lawyers: Elizabeth Lee Thompson
Finishing First: Superior Client Service
Note Sale Expansion: Its Source and Implications
Are slow pay customers undermining your small company's profits
Creditors' Rights & Bankruptcy Service Group, Chair
Management Committee, Past Member
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
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.
Martindale-Hubbell® AV-Preeminent® Peer Review Rated
Best Lawyers in America®, Bankruptcy & Creditor-Debtor Rights / Insolvency & Reorganization Law (2007-20)
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
Stites & Harbison has assembled a Coronavirus Response Team which consists of a cross-disciplinary task force of attorneys and critical staff members to ensure our firm remains “On the Job” for you. Updated 04/07/20
On Wednesday, February 19, 2020, the Small Business Reorganization Act of 2019 creating a new Subchapter V for small-business debtors (less than $2,725,625 in debt) becomes effective. The purpose of this act is to eliminate some of the costly elements of a business bankruptcy reorganization and streamline the procedures.
LOUISVILLE, Ky.—The Best Lawyers in America© 2020 has recognized 75 Stites & Harbison, PLLC attorneys as selected by their peers in 49 areas of practice. Forty-three of those attorneys selected have been honored for 10 consecutive years or more.
Presentation by Liz Thompson, Ian Ramsey and Sarah Spurlock.