Ted G. Fates

When it comes to complex matters of receivership, creditors' rights, and bankruptcy, Ted's clients—creditors, receivers, and trustees—rely on his depth of experience, ability to efficiently solve difficult problems, and responsiveness to their needs.

In a wide variety of cases, Ted is a trusted strategic advisor. He frequently represents real property owners and landlords in tenant and guarantor bankruptcies involving leases and other real property disputes, including assumptions and assignments of commercial real property leases to the buyers of debtors’ assets. His work extends to loan defaults and restructures and other commercial litigation related to bankruptcies and receiverships, such as fraudulent transfers, mortgage foreclosures, and outstanding business loans. Ted possesses a deep understanding of the markets, the courts, and the range of obstacles that arise in bankruptcy and receivership matters.

Ted has extensive experience in handling all aspects of equity receiverships initiated by federal regulatory agencies and pursuing litigation against professionals, financial institutions, and recipients of profits from fraudulent schemes. His clients include equity receivers appointed for various securities trading and investment firms, real estate and healthcare industry lenders, internet-based investment programs, and Ponzi schemes. Collectively, these entities raised more than $2.5 billion from their participants. His clients also include state court receivers appointed to manage or sell real estate and other business assets.

In equity receiverships, Ted’s work often involves selling unique and complex assets—from movie rights, intellectual property, and luxury real estate, yachts, and cars to non-traditional manufacturing facilities and business operations. Along with the Allen Matkins transactional team, he handles negotiations, documents deals, and obtains court approval of such transactions and advises on related contracts and insurance coverage.

Where equity receiverships involve victims of fraud, Ted has handled cases involving tens of thousands of claims, establishing an orderly, efficient process for validating claims and resolving claim disputes, as well as obtaining court approval of distribution plans tailored to the unique equities of the case.

• Honorable John E. Ryan (Ret.), U.S. Bankruptcy Court
• Central District of California and Ninth Circuit Bankruptcy Appellate Panel