Felton Parrish represents businesses and their owners in connection with business and real estate transactions, commercial disputes, and bankruptcy matters. Mr. Parrish firmly believes that the best way to represent parties in business disputes is to fully understand how deals are structured. He also believes that understanding future litigation and insolvency risks is a key component to structuring a successful deal. For these reasons, he maintains an active transactional and litigation practice.
Before joining Hull & Chandler, Mr. Parrish was a partner with a large, international law firm where he represented parties in corporate finance transactions, corporate bankruptcy matters, and commercial litigation. Mr. Parrish joined Hull & Chandler in 2016 so that he could focus his practice on helping locally-based businesses and their owners in a more efficient and cost-effective manner.
Mr. Parrish has extensive experience representing parties in chapter 11 bankruptcy cases and other situations involving financial distress. He has represented borrowers and lenders in commercial finance transactions and has also represented buyers and sellers of businesses. On the litigation front, he has represented parties in all types of complex commercial litigation including contractual disputes, disputes between business partners, and disputes between borrowers and lenders.
Mr. Parrish received his undergraduate degree from Wake Forest University where he received a B.S. in Mathematical Economics, and he then obtained his law degree from the University of North Carolina. He is licensed to practice in North Carolina and Georgia.
Mr. Parrish is a member of the American Bankruptcy Institute and the Turnaround Management Association. He was named a North Carolina Super Lawyers’ Rising Star in 2011 and 2013 and previously served as a member of the Pro Bono Services Committee of the North Carolina Bar Association and as a member of the CLE Committee of the Mecklenburg County Bar.
- Represented the successful appellant in the appeal of the original plan of reorganization of the bankruptcy case of DBSD North America, Inc. The original plan of reorganization provided minimal recovery to Mr. Parrish’s client. After a successful appeal before the Second Circuit Court of Appeals and subsequent litigation, the client obtained a recover in excess of $100 million.
- Counsel to a publicly traded textile manufacturer in its chapter 11 bankruptcy case that resulted in a confirmed plan of reorganization.
- Counsel to a publicly traded medical staffing company in its chapter 11 bankruptcy case that resulted in a successful 363 sale
- Represented telecommunications company as a borrower in a $500 million term loan facility.
- Represented the collateral agent for $1 billion debtor-in-possession financing agreement in a cross-border insolvency proceding.
- Represented a leading publicly traded snack food manufacturer in its acquisition of substantially all assets of Archway Cookies, Inc. pursuant to a sale conducted under Section 363 of the Bankruptcy Code.
Publications & Speaking Engagements
- “Yes, but don’t Forget the Kitchen Sink! Secured Creditors’ Right to Recover Principal + Interest + Default Interest + Original Issue Discount + Late Fees + Prepayment Premiums + Fees + Expenses“, American Bankruptcy Institute Southeast Conference, Amelia Island, Florida, July, 2015
- “Litigating Business Valuation Disputes,” Mecklenburg County Bar Association, Charlotte, NC, February, 2015
- “Navigating D&O Fiduciary Duties in the Zone of Insolvency,” Stafford Publications, Inc., Webinar, June, 2014
- “Application of 506 (b) in Multi-Debtor Cases: Is Value Based on Combined Value of All Debtors,” XXXII ABI Journal 11, 22, 78-79, December, 2013
- “Buyer Beware: The Potential Downsides of Purchasing Claims and Positions in Troubled Businesses,” American Bankruptcy Institute Southeast Conference, Amelia Island, Florida, July, 2013
- “Paloian v. LaSalle Bank NA: Just How Remote is That Bankruptcy-Remote Entity?,” XXX ABI Journal 1, 30-31, 74-75, February 2011
- “Sales of Assets Under Section 363,” Collier Guide To Chapter 11 (LexisNexis September 2010)
- “Yellowstone: New Standards for Lender Liability in Today’s Economic Climate,” American Bankruptcy Institute Journal, September 2009
- “Two Decisions Show §363 Sales Are Not Dead in the Ninth Circuit,” American Bankruptcy Institute Journal, July/August 2009
- “What is Left for Creditors- Part II,” American Bankruptcy Institute Journal, Vol. XXVII, No. 10, December 2008
- “What is Left for Creditors-Part I,” American Bankruptcy Institute Journal, Vol. XXVII, No. 9, November 2008