Member

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, suppliers, 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 News, Articles & Speaking Engagements

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

Electronic Transactions in Kentucky - A New Way of Doing Business?

Will the New Tax Law Result in Increased Equipment Demand?

Agricultural Bankruptcy Issues

various in-house client presentations, 2017

Rights of Equipment Lenders in Chapter 13, 11 and 12 Bankruptcy Cases

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

Injunctions Aren't Just for Executive Orders

Finishing First: Superior Client Service

with Kimberly Schmittel, Director of Marketing & Client Development, Stites & Harbison Creditors' Rights & Bankruptcy Day at the Races, Keeneland, April 14, 2016

Note Sale Expansion: Its Source and Implications

with Alyson M. Cox (former Summer Associate), The Real Estate Finance Journal, Fall/Winter 2015

Note Sale Expansion: Its Source and Implications (Part Three)

Note Sale Expansion: Its Source and Implications (Part Two)

Note Sale Expansion: Its Source and Implications (Part One)

Are slow pay customers undermining your small company's profits

Business First of Louisville, May 29, 2015

Collecting Charge-Offs: A Valuable Source of Revenue (Part Three of Three-Part Series)

Collecting Charge-Offs: A Valuable Source of Revenue (Part Two of Three-Part Series)

Collecting Charge-Offs: A Valuable Source of Revenue (Part One of Three-Part Series)

OCC Issues New Guidance for National Banks

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, 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, 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

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 (2007-20)

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

Mhicon
Thompson Best Law2020
Thompsone Bestlawloy2018
Best Lawyers Lawyer Of The Year 2018
See more related to Elizabeth Lee Thompson
Press Releases

Best Lawyers in America Honors 75 Stites & Harbison attorneys for 2020

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.

by Stites & Harbison, PLLC August 22, 2019
Press Releases

Best Lawyers in America honors 72 Stites & Harbison attorneys for 2019

LOUISVILLE, Ky.—The Best Lawyers in America© 2019 has recognized 72 Stites & Harbison, PLLC attorneys as selected by their peers in 49 areas of practice. Forty-two of those attorneys selected have been honored for 1...
by Stites & Harbison, PLLC August 16, 2018
Client Alerts

Electronic Transactions in Kentucky - A New Way of Doing Business?

At the end of the 20th century, the international legal community attempted to address increasingly common issues with the use of electronic signatures. At the federal level, Congress enacted the Electronic Signatures in Global and...
by Elizabeth Lee Thompson June 18, 2018
Client Alerts

Will the New Tax Law Result in Increased Equipment Demand?

Based on a recent Wall Street Journal article, companies that purchase equipment this year can expense 100% of the acquisition cost. While I am not qualified to provide tax advice (although many of my colleagues...
by Elizabeth Lee Thompson March 05, 2018
Client Alerts

Rights of Equipment Lenders in Chapter 13, 11 and 12 Bankruptcy Cases

INTRODUCTION The Federal Reserve reports that delinquency rates on agricultural loans are up from .78% in the 3rd Q 2015 to 1.53% in 2nd Q 2017. Likewise, default rates on C&I loans are up from...
by Elizabeth Lee Thompson August 31, 2017
Press Releases

Best Lawyers in America honors 79 Stites & Harbison attorneys for 2018

LOUISVILLE, Ky.—The Best Lawyers in America© 2018 has recognized 79 Stites & Harbison, PLLC attorneys as selected by their peers in 51 areas of practice. The number of honorees increased since last year, 74 to...
by Stites & Harbison, PLLC August 17, 2017
Press Releases

Best Lawyers names 11 Stites & Harbison attorneys as "Lawyer of the Year" for 2018

LOUISVILLE, Ky.—The Best Lawyers in America©, one of the oldest and most respected peer-review publications in the legal profession, has named 11 attorneys from Stites & Harbison, PLLC as “Lawyer of the Year” for 2018...
by Stites & Harbison, PLLC August 16, 2017
Client Alerts

Injunctions Aren't Just for Executive Orders

The 9th Circuit’s refusal to set aside a preliminary injunction of President Trump’s immigration ban made headlines recently. The Court refused to set aside a preliminary injunction issued by the District Court since it determined...
by Elizabeth Lee Thompson February 15, 2017
Press Releases

Best Lawyers in America honors 74 Stites & Harbison attorneys for 2017

LOUISVILLE, Ky.—The Best Lawyers in America© 2017 has recognized 74 Stites & Harbison, PLLC attorneys as selected by their peers in 51 areas of practice. The Best Lawyers in America© is a nationally recognized referral...
by Stites & Harbison, PLLC August 29, 2016
Client Alerts

Note Sale Expansion: Its Source and Implications (Part Three)

In this series, Stites & Harbison is examining the expansion of notes sales in recent years. The first part of this series discussed the reasons behind this expansion, including the surplus of under-performing notes post-2007...
by Elizabeth L. Thompson, Member, and Alyson M. Cox, and Summer Associate November 12, 2015
Client Alerts

Note Sale Expansion: Its Source and Implications (Part Two)

Part II As discussed in Part I of this series, note sales have significantly expanded in recent years. Part I explained the reasons behind this expansion, including the surplus of non-performing notes, lenders’ preference for...
by Elizabeth L. Thompson, Member, and Alyson M. Cox, and Summer Associate October 20, 2015
Client Alerts

Note Sale Expansion: Its Source and Implications (Part One)

As intangible pieces of personal property, promissory notes are freely assignable in most instances, aside from contractual limitations. There has historically been a market for note sales in the realm of real estate. Today, however...
by Elizabeth L. Thompson, Member, and Alyson M. Cox, and Summer Associate October 05, 2015
Press Releases

Best Lawyers honors 72 Stites & Harbison attorneys for 2016

(image) LOUISVILLE, Ky.—The Best Lawyers in America® 2016 has recognized 72 Stites & Harbison, PLLC attorneys as selected by their peers in 50 areas of practice. The Best Lawyers in America® is a nationally recognized...
by Stites & Harbison, PLLC August 20, 2015
Presentations

Privacy & Data Security - April 23, 2015

Presentation by Liz Thompson, Ian Ramsey and Sarah Spurlock.

by Ian T. Ramsey, Sarah Cronan Spurlock, and Elizabeth Lee Thompson July 28, 2015
Press Releases

Best Lawyers honors 89 Stites & Harbison attorneys for 2015

(image) LOUISVILLE, Ky.—The Best Lawyers in America® 2015 has recognized 89 Stites & Harbison, PLLC attorneys as selected by their peers in 57 areas of practice. The Best Lawyers in America® is a nationally...
by Stites & Harbison, PLLC August 22, 2014
Client Alerts

Collecting Charge-Offs: A Valuable Source of Revenue (Part Three of Three-Part Series)

In this three-part series, Stites & Harbison (“S&H”) is examining how banks can take advantage of the opportunities to recover loans that were charged off in the Great Recession. As the economy recovers, borrowers...
by Elizabeth L. Thompson, Member and Robin Frazer, and Summer Associate July 28, 2014
Client Alerts

Collecting Charge-Offs: A Valuable Source of Revenue (Part Two of Three-Part Series)

Part II In this three-part series, Stites & Harbison (“S&H”) is examining the opportunities banks have to recover the large amount of loans that were charged off in the Great Recession. Last week, the...
by Elizabeth L. Thompson, Member and Robin Frazer, and Summer Associate July 21, 2014
Client Alerts

Collecting Charge-Offs: A Valuable Source of Revenue (Part One of Three-Part Series)

Part I At the height of the Great Recession—the fourth quarter of 2009—banks charged off 3.1% of all loans,1 resulting in a net loss of nearly $51 billion in that quarter alone.2 Over $2...
by Elizabeth L. Thompson, Member and Robin Frazer, and Summer Associate July 16, 2014
Creditors' Sidebar

Where Did They Get That Payoff?

As the saying goes: "Don't look a gift horse in the mouth." But, should you question the source of the horse? Most lenders with non-performing loans welcome a lump-sum settlement no matter the origins of...
by Elizabeth Lee Thompson March 31, 2014
Press Releases

Eighty-nine Stites & Harbison attorneys honored by Best Lawyers in America for 2014

LOUISVILLE, Ky.—Stites & Harbison, PLLC, is pleased to announce that 89 of our attorneys were recently selected by their peers for their work in 57 areas of practice in The Best Lawyers in America®...
by Stites & Harbison PLLC August 27, 2013
Press Releases

Seventy-five Stites & Harbison attorneys honored in Best Lawyers in America

LOUISVILLE, Ky.—Stites & Harbison announced today that 75 of its attorneys were recently selected by their peers for their work in 55 areas of practice in The Best Lawyers in America® 2012. Twenty-five of...
by Stites & Harbison, PLLC September 12, 2011
Client Alerts

OCC Issues New Guidance for National Banks

The Office of the Comptroller of the Currency (“OCC”) recently issued guidance for national banks on the appropriate methods for overseeing and managing mortgage foreclosure practices. National banks are required to perform self-assessments to...
by Elizabeth Lee Thompson July 22, 2011
Articles

Debtor-In-Possession and Exit Financing

Below is an excerpt from Chapter 11 of Debtor-In-Possession and Exit Financing: Leading Lawyers on Securing Funding and Analyzing Recent Trends in Bankruptcy Financing, written by Elizabeth L. Thompson, a Member in the firm's...
by Elizabeth Lee Thompson February 01, 2010
Press Releases

Seventy-two Stites & Harbison attorneys honored in "Best Lawyers in America"

LOUISVILLE, Ky.—Stites & Harbison announced today that 72 of its attorneys were recently selected by their peers for their work in 33 areas of practice in The Best Lawyers in America® 2010. Those attorneys...
by Stites & Harbison, PLLC September 10, 2009