Penelope ParmesMediator / Arbitrator
Penelope Parmes is a senior partner resident in the Troutman Sanders’ Irvine, California office, where she heads up the firm’s West Coast bankruptcy and insolvency practice.
For over 32 years, Penelope has specialized in representing non-debtor parties in insolvency matters including, lenders, landlords, asset purchasers, directors and officers, and vendors – both in bankruptcy courts and in state courts. She also frequently represents companies in out of court workouts and restructurings. Her experience covers both operating companies and real estate matters.
Penelope has been a Central District Bankruptcy Court approved mediator since 1995, and been certified by the Pepperdine School of Law mediator program. She is also a graduate of Pepperdine’s Advanced Mediator Program. Over the years, Penelope has been recognized by the Central District Bankruptcy Court as having successfully mediated some of its largest cases.
A frequent lecturer on bankruptcy matters, a former lawyer representative to the Ninth Circuit, and past president of both the California and Los Angeles Bankruptcy bar associations, Penelope’s experience and skills are well suited for handling complex mediations and arbitrations.
- Counseling board of directors on duties of officers and directors pre-and post-FDIC receivership, and overseeing ultimate bankruptcy filing by the bank holding company, after seizure of the bank by the FDIC
- Numerous representations of institutional lenders in workouts, receiverships and other enforcement actions regarding a variety of loan relationships such as: home builders, guarantors, technology companies, service providers, retailers and suppliers.
- Numerous representations of suppliers and landlords in workouts, collection actions and bankruptcy matters (including reclamation claims, preference and fraudulent conveyance defenses, and critical vendor negotiations).
- Representation of national real estate franchisor and lender regarding residential real estate brokerage franchisees involving workout negotiations, foreclosures of personal property interests including membership interests and intellectual property rights, as well as bankruptcy litigation relating to cram down and valuation disputes.
- Representation of corporate debtors in non-bankruptcy workout negotiations with secured creditors in oil and gas and ethanol industries
Background & Education
- Senior partner resident in the Troutman Sanders’ Irvine, California office; heads up the firm’s West Coast bankruptcy and insolvency practice
- San Francisco Law School, J.D., with highest honors, 1982
- University of Denver
- Pepperdine University School of Law, Institute for Dispute Resolution graduate, 1995
- Pepperdine University School of Law, Institute for Dispute Resolution Advanced Mediator Program graduate
Memberships & Professional Affiliations
- Ninth Circuit Judicial Conference, Lawyer Representative (1998-2002)
- California Bankruptcy Forum (2003-2004 President, Board of Directors)
- Warren J. Ferguson American Inn of Court (President 2002-2003)
- Los Angeles Bankruptcy Forum (President 1997-1998)
- Panel of Approved Mediators, U.S. Bankruptcy Court, Central District
- Los Angeles County Bar Association (Sections on Commercial Law and Bankruptcy)
- Orange County Bar Association (Sections on Commercial Law and Bankruptcy)
- Orange County Jewish Bar Association
- Orange County Lavender Bar Association (Supporting Member)
Awards & Recognition
- Southern California “Super Lawyer” 2005-2014
- Southern California "Super Lawyer" Business Edition, 2012-2014
- Peter M. Elliott Award, Orange County Bankruptcy Forum, 2010
- Southern California “Super Lawyer”, Corporate Counsel Edition, 2010-2014