Christine Tobin-Presser, a native of Seattle, joined the law firm of Bush Kornfeld in 1998 and was named partner in 2006. Christine’s practice emphasizes commercial creditor-debtor issues, out-of-court workout agreements, Chapter 11 bankruptcy reorganizations and liquidations.
Boise Food Services, Inc. Christine represented the debtor in all aspects of its Chapter 11 case, obtaining confirmation of a plan of reorganization restructuring significant secured prepetition debt and providing for the continued operation of nine Sonic franchise restaurants in the Boise, Idaho area, as well as preserving over 125 jobs.
TC Global, Inc. (Tully's Coffee) The firm represented TC Global, Inc. (Tully's Coffee) in its sale process through Chapter 11, working with the company to set up an auction process and completing the details which lead to a closed-sale transaction sufficient to pay creditors all, or nearly all of their debt. The process generated a greater return than estimated by financial professionals and proceeds are being distributed to unsecured creditors.
Mastro Bankruptcy Bush Kornfeld represents James F. Rigby, Jr., Trustee of the Michael R. Mastro bankruptcy estate. The case involves over $600,000,000 in total debt and substantial litigation against various parties related to the Debtor.
Seattle Times Christine assisted in the representation of The Seattle Times in its successful restructure of its long-term debt, as well as other operational and related issues. As a result of the restructure, The Seattle Times remains viable and the sole-surviving daily newspaper in Seattle.
Coast Crane Creditors Committee Bush Kornfeld represented the Unsecured Creditors Committee in the Coast Crane Chapter 11 bankruptcy proceeding. The unsecured creditors in the case received an exceptional dividend even though the secured creditors were not paid in full. Payments were made to unsecured creditors within a few months of commencement of the bankruptcy proceeding.
Deep Ocean Expeditions, LLC Christine represented the debtor in all aspects of its Chapter 11 case, including negotiating DIP financing to allow pre-confirmation payment of approximately $3 million in maritime liens and completion of the Debtor’s 183-foot vessel equipped with three deep diving submersibles, as well as confirming a plan of reorganization restructuring over $18 million of additional prepetition debt.
Ace Tank & Equipment Christine was substantially involved in the representation of the Unsecured Creditors Committee in the bankruptcy of Ace Tank & Equipment, a long standing company that manufactured, installed, and serviced underground tanks in the Pacific Northwest. Bush Kornfeld obtained Court approval to allow the Committee to pursue litigation against Ace Tank’s insiders. After significant litigation, the matter settled for a substantial amount which funded a distribution to creditors.
Larry’s Markets, Inc. Christine was significantly involved in Bush Kornfeld’s represention of Larry’s Markets in its Chapter 11 case culminating in a sale of the business and stores, after an auction process, to several buyers. Larry’s initially operated 6 grocery stores in the Seattle area, employed approximately 500 mostly union employees, and generated annual sales of approximately $100 million.
Brown & Cole, LLC Christine was significantly involved in Bush Kornfeld’s representation of Brown & Cole in its Chapter 11 case. Brown & Cole initially operated 30 grocery stores in NW and Central Washington, has approximately 1200 mostly union employees, and generates annual sales of almost $300 million. At the time of filing, Brown & Cole’s secured debt exceeded $100 million. After making modifications to it operations during its Chapter 11, Brown & Cole confirmed an operating Plan of Reorganization in December 2007, successfully restructuring its capital structure and pension obligations to facilitate its continued operation.