Davidson Backman Medeiros PLLC

Davidson Backman Medeiros PLLC provides legal counsel and representation to businesses and business owners experiencing severe financial challenges. The firm assists clients in assessing their financial situation and developing strategies to achieve realistic and feasible outcomes for all stakeholders.

The firm's practice focuses on several key areas designed to address business insolvency and financial distress. These include Receivership, a legal remedy to protect assets and operations when a business faces financial difficulty or inability to pay debts. Receivership can involve a court-appointed receiver managing affairs, preserving value, resolving debts, and facilitating the sale or liquidation of assets. The firm highlights receivership as a potentially faster, less contentious, and less costly alternative to Chapter 11 bankruptcy in Washington State.

Another core service is Restructuring, particularly through Chapter 11 bankruptcy, which allows businesses to reorganize operations and debts under an automatic stay on creditor actions. The firm also handles Assignments for the Benefit of Creditors (ABC), where assets are assigned to an independent third party for administration and distribution to creditors. An ABC can serve as a non-judicial procedure for liquidating assets or as a stepping-stone to a general receivership. The firm has experience with court-supervised sales of businesses and business assets. For specialized issues such as complex litigation, intellectual property, tax matters, or employment law, the firm frequently associates with other professionals.