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Roy M. Terry, Jr. is a judicially appointed Chapter 7 Panel Trustee of the U. S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. He chairs the firm's bankruptcy practice group, and has 29 years practice experience in representing both businesses and individuals as debtors and creditors under all chapters of the Bankruptcy Code.
Mr. Terry has been selected by his peers as one of Virginia's 2007 and 2003 "Legal Elite" in Bankruptcy/Creditors' Rights, according to Virginia Business Magazine in cooperation with the Virginia Bar Association. Mr. Terry is also named as a 2006 Super Lawyer named in the area of Bankruptcy & Creditor/Debtor Rights practice area in Law & Politics magazine.
The Bankruptcy Practice Group is well experienced in serving as a judicially appointed receiver. In SEC v. Vavasseur Corp., et al, Roy M. Terry, Jr. and DurretteBradshaw have been tasked by the U.S. District Court, Western District of Virginia, with unraveling an international securities fraud scheme (Ponzi) totaling in excess of $100 million, and with returning funds to injured investors. In discharging its duties to recover assets, the firm has worked with accountants and attorneys in the UK who are performing similar functions with respect to a side of the scheme perpetrated there. A court-approved cooperation agreement with the UK Liquidator is believed to be the first of its kind. Mr. Terry also became the first U.S. lawyer authorized to address the High Court in Guernsey. For more on this case you can go to articles in Virginia Lawyers Weekly and Forbes magazine.
In Sec v. International Fiduciary Corp., Roy M. Terry, Jr. has again been appointed by the U.S. District Court, Eastern District of Virginia, to sort through the aftermath of a $45 million Ponzi scheme affecting investors in the U.S. and Canada. The Bankruptcy Practice Group has also been appointed by the U.S. District Court, Eastern District of Virginia, at the request of the U.S. Attorney, to facilitate restitution to victims following upon a check fraud scheme.
Mr. Terry has also served as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Lee County Community Hospital. Through a bidding process concluded at a sale hearing held on April 17, 2001, in the United States Bankruptcy Court for the Western District of Virginia, Roanoke Division, the hospital's assets were sold for a price which provided a 100% recovery plus interest for unsecured creditors.
Personal Background:
Mr. Terry attended Law School at the University of Richmond and was admitted to the Virginia Bar in 1978. During law school, he received the American Jurisprudence Book Award for Bankruptcy. Mr. Terry earned his undergraduate degree at the College of William and Mary in history. He also attended Bath University, England, during 1973-74. As the son of a Virginia State Police Captain, he grew up living throughout the Commonwealth.
Professional Affiliations:
U.S. Bankruptcy Courts for the Eastern and Western Districts of Virginia (Mr. Terry has appeared before bankruptcy courts in New York, Tennessee, and North Carolina.)
Board of Governors for the Bankruptcy Section of the Virginia State Bar
Past chair of the Bankruptcy Section of the Richmond Bar Association
Co-founder, past president and board member of the Business Finance and Turnaround Association, formerly the Business Workout Council
Publications:
The Intersection of Domestic Relations and Bankruptcy Law, appearing in the October, 03 issue of VA Lawyer
Speaker topics/engagements:
Bankruptcy issues for Virginia CLE (January 2004)
National Bankruptcy Institute (November 2003)
Mr. Terry participated in a panel speaking before the combined Bankruptcy and Domestic Relations sections of the Virginia State Bar at its annual meeting.
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