Ashley S. Rusher

Ashley serves on the firm’s Management Committee and chairs both the Business Bankruptcy and Creditor’s Rights Practice Group and the Outside General Counsel Services Practice Group. She is an effective, results-driven advocate for her clients.  Her background of 30 years in business bankruptcies, distressed debt workouts, problem loan recovery, and real estate title and commercial litigation provides her with a solid foundation of general business, accounting and legal skills.  In addition, her combination of experience in private practice, as in-house counsel and from federal judicial clerkships offers clients relevant insight.  These skills and experience make Ashley the ideal resource for our business clients who seek general legal counsel on a variety of issues.

Whether assisting a business or financial institution with a distressed debt situation, or guiding a financially sound business client as acting Outside General Counsel, Ashley helps clients reach their business goals by offering pragmatic and efficient solutions.

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Areas of Focus

  • Outside General Counsel Services
  • Problem Loan Recovery and Workout
  • Business Bankruptcy
  • Receiverships, Collections and Foreclosures
  • Lender Liability Litigation
  • Title Curative Litigation
  • Commercial Litigation

Ashley devotes her practice to three, often interwoven, practice areas – bankruptcy and creditor’s rights, outside general counsel services, and title curative litigation. She has a regional bankruptcy practice representing financial institutions, trade creditors, adversary proceeding defendants, bankruptcy trustees, landlords and tenants, creditors’ committees and Chapter 11 debtors-in-possession, in the workout and restructuring of distressed debt.  She also provides an array of creditor’s rights services to clients including problem loan recovery and asset recovery.

 

Her experience in guiding distressed companies and their financial institutions through restructuring, recapitalization or sale has made her a trusted advisor to business clients on legal matters as Outside General Counsel. Ashley provides sound legal counseling to clients from a business–centric perspective.

 

Ashley also represents a number of the largest title companies operating in North Carolina on title curative matters, including actions to quiet title, reformation, and imposition of equitable liens.

  • Provide day to day legal advice to major manufacturing company
  • Perform due diligence and document drafting for purchase of business interests or purchase of assets
  • Negotiated and drafted documents for $23,000,000 purchase of major manufacturing company
  • Negotiated and drafted ABL loan documents for secured lender
  • Drafted major revisions to AIA contracts for general contractor
  • Recovered in excess of $8,000,000 in insider transfers while acting as Special Litigation Counsel for Chapter 11 Trustee;
  • Obtained dismissal of Chapter 11 petition as a bad faith filing for secured lender with real estate loans in excess of $6,000,000;
  • Liquidated two operating hotels in receivership action for secured lender owed in excess of $11,000,000;
  • Work out of problem loan for secured lender with shopping center loans in excess of $12,000,000;
  • Restructured and reorganized six operating nursing home facilities in Chapter 11 saving 504 jobs;
  • Reorganized small closely held construction company in Chapter 11;
  • Filed involuntary bankruptcy proceedings to preserve assets for benefit of creditors
  • Middle District Bankruptcy Seminars, Inc., President and Chair Board of Directors
  • North Carolina Bar Association Bankruptcy Section, Immediate Past Chair
  • North Carolina Bar Association Bankruptcy Section, Former Chair of CLE Committee, Former Council Member
  • American Bankruptcy Institute, Member
  • American Bankruptcy Institute, Southeastern Bankruptcy Workshop Advisory Board of Directors
  • Risk Management Association, Triad Chapter Board of Directors
  • International Women’s Insolvency and Restructuring Confederation, Former Chair Carolinas Chapter Board of Directors
  • North Carolina Bankruptcy Practice Manual, Chapter Editor, Fifth (2003) and Sixth (2006) Editions
  • Leadership Winston-Salem, Class of 2010
  • Financial Pathways of the Piedmont, Board of Directors, Former Chair of the Board of Directors
  • Center for Home Ownership, Former Chair of the Advisory Board
  • Winston-Salem Youth Chorus, Chair of the Board of Directors