Bar Bulletin

Bar Bulletin

Exercising Creditors’ [Lesser Known] Rights

October 2017 Bar Bulletin

By Dominique Scalia and Dan Bugbee

One of our firm’s primary practice areas is creditors’ rights. We represent receivers, creditors, and sometimes debtors in a wide variety of circumstances where creativity offers the best hope of ensuring repayment, recovering a debt or saving a valuable asset from deterioration.

Yet, despite the seemingly endless useful applications of Washington’s robust laws, such as the Receivership Act, many people we talk to — attorneys included — are unfamiliar with concepts beyond the basic deeds of trust and accompanying nonjudicial foreclosure.

For example, receiverships are just one of several creditor remedies under Washington law that many attorneys do not consider when formulating...

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