Katy Samiljan moved to Seattle after graduating from law school in 1998, and joined the law firm of Bush Kornfeld in 2002. She was named a partner in 2008. Katy’s practice emphasizes commercial creditor-debtor issues, out-of-court workout agreements, receiverships, and Chapter 11 bankruptcy reorganizations and liquidations.
Brown & Cole Stores LLC Katy was substantially 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 1,200 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 its 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.
Entellium Corporation Katy represented Entellium in a Chapter 11 that was filed to facilitate the sale of its business. Entellium successfully completed the sale and the distribution to creditors.
Larry’s Markets, Inc. Katy was substantially involved in Bush Kornfeld’s representation 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.
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.
Pierce County Housing Authority Katy represented Pierce County Housing Authority in its pending Chapter 9 municipal bankruptcy, the first Chapter 9 in Western Washington in approximately 20 years. PCHA owns and operates 14 housing apartment complexes and a number of other single-family residences in Pierce County, and it currently serves thousands of individuals with low or moderate income in Pierce County. The bankruptcy was filed to allow PCHA to adjust its obligations. PCHA successfully confirmed its Plan of Adjustment of Debts.
Port Townsend Paper Bush Kornfeld represented Port Townsend Paper Corporation, the owner of a large paper mill in Port Townsend, Washington, in its Chapter 11. Port Townsend Paper employed more than 300 individuals in the U.S. and together with its affiliates generated annual sales of $200 million prior to its Chapter 11 filing. Port Townsend’s secured debt, including bond debt, exceeded $100 million. Port Townsend Paper successfully confirmed a Plan of Reorganization converting its secured debt to equity and continues to own and operate its mill.