Victoria Powers serves as Chair of Ice Miller’s Bankruptcy and Financial Restructuring Practice Group. She concentrates her practice in the areas of complex Chapter 11 reorganization, corporate trust default, bankruptcy and commercial litigation, foreclosure and receivership, creditors’ remedies, debtors’ rights, out-of-court workouts and healthcare-related matters. Her current engagements include representing corporate trust trustees in defaulted matters, bankruptcies and workouts, representing a national insurance company in bankruptcy matters, representing a health care provider in its capacity as a receiver, and representing a Chapter 11 debtor.

Victoria is a frequent speaker on various topics and her most recent topics include: Porfolio Companies in Distress:  Challenges and Opportunities; The Automatic Stay; Freezing Accounts Without a Setoff Right; Director and Officer Liability Issues; Professionalism and the Art of Negotiation; Creditors' Remedies; Commonly Negotiated Issues in DIP Loan Documents; Creditors’ Committees: Thorny Issues and Recent Developments; Bankruptcy Topics in the Construction Industry; Complex Chapter 11 Confirmation Issues: Cramdown and the Absolute Priority Rule; Claims Considerations in Commercial Cases; and Debtor-in-Possession Financing.

Victoria was named the 2015 Bankruptcy Litigator of the year in Columbus, Ohio by The Best Lawyers in America©. She has been listed in The Best Lawyers in America©, Bankruptcy and Creditors-Debtors Rights Law, since 2005 and Bankruptcy Litigation since 2011; as an Ohio Super Lawyers since 2004; and in Chambers USA America’s Leading Lawyers for Business Bankruptcy/Restructuring since 2005, recognized in Band 1 since 2013.

Victoria is also a leader in the community.  Currently, she is the Chair of the BalletMet Board of Trustees, serves as a trustee of the Bexley Education Foundation, serves on the Judicial Liaison Committee of the Ohio State Bar Association, Bankruptcy Subcommittee, acts as the treasurer of the Mount Holyoke College Central Ohio Alumnae Club, serves on the personnel committee at her church, and leads the law firm's Pelotonia team, which raises funds for cancer research.

Representative Transactions
  • Currently represents trustees in bankruptcy, foreclosure, workout and restructuring matters.  Has represented corporate trust trustees in their capacity as indenture trustee, collateral trustee, escrow agent, and similar capacities as default counsel in a variety of matters ranging from Chapter 11 cases such as In re AmTrust, In re TWA and In re LTV to foreclosures and workouts in municipal improvements and low income housing.   
  • Represents a national insurance company in bankruptcy litigation and agency-related matters across the country.
  • Represents a custodian of a Chapter 11 debtor, currently completing asset recovery litigation and asset sales.
  • Represents a trustee in a series of Chapter 11 cases of related obligors, currently defending claims litigation, working on a 363 sale process and negotiating plans of reorganization.
  • Represents a healthcare provider as receiver of a healthcare facility.
  • Represented a senior secured lender in an assignment for the benefit of creditors in Ohio state court.
  • Represents the special servicer for a trustee in connection with commercial mortgage pass-through certificates in a $30 million foreclosure matter.
  • Represented the Official Committee of Unsecured Creditors in Chapter 11 bankruptcies and the Post-Consummation Committee and the Liquidating Trust Administrator in liquidating all assets of the bankruptcy estate, including pursuit of preference actions and other recoveries and completion of the claims resolution process.
  • Represented a national institution as Indenture Trustee for $50 million in adjustable rate bonds supported by a letter of credit. The bonds were subject to an optional redemption by the bondholders, a transaction that was complicated by the fact that certain parties sought to amend portions of the indenture to reflect, among other things, a change in the party primarily responsible for payment obligations in connection with bonds. Ultimately, the transaction was successful.
  • Represented national institution serving as collateral trustee under a Trust Agreement involving a $140 million securitized loan backed by a surety bond in favor of the collateral trustee. Workout and restructure culminated in an agreed sale of all collateral and defeasance of the loan to provide scheduled payments under the underlying note.
  • Served as an expert on complex bankruptcy and foreclosure matter.
Selected Experience
  • Representing corporate trust trustees including BNY Mellon and U.S. Bank and trust departments of banks, including First Midwest Bank in defaulted matters, bankruptcies, foreclosures and workouts;
  • Representing Official Committee of Unsecured Creditors and liquidating trust trustees in Chapter 11 bankruptcy;
  • Representing a national insurance company in bankruptcy, workout and advisory matters;
  • Preparing legal opinions on bankruptcy issues;
  • Representing parties in default, receivership, workout and similar matters.
  • Victoria speaks regularly on a wide variety of topics and has given several lectures at the Fisher Business School and Moritz College of Law, both at The Ohio State University.
Blog Posts
Published In
  • “The Current Status of the Patient Care Ombudsman Program Mandated by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005,” American Health Lawyers Association Business Law & Governance Quarterly, June 2009.
  • Co-author with Daniel Anderson, “Section 363 Bankruptcy Sales,”, February 23, 2009.
  • Co-author with Daniel Anderson, "Congress Acts on Bankruptcy Reform," Business First, April 15, 2005.
Speaking Engagements
  • "Portfolio Companies in Distress: Challenges and Opportunities" webinar with Amherst Partners and Ice Miller, February 22, 2017.
  • "Relief From Stay" American Bankruptcy Institute's Central States Workshop, June, 2016.
  • Moderator, "Directors and Officers Part II: Insurance Issues" webinar hosted by Ice Miller on May 18, 2016.
  • Moderator, "Directors and Officers Part I: Obligations in Good Times and Bad" webinar hosted by Ice Miller on April 20, 2016.
  • "Professionalism and the Art of Negotiation: Lessons from the Transactional and Trial Lawyer Perspective," CO-ACC Data Privacy and Professionalism CLE Presentation, Columbus, Ohio, March 19, 2015.
  • "Secured Creditor Remedies" with John Robinett, Ohio State Bar Association Webcast, January 27, 2015 and November 13, 2013.
  • "Commonly Negotiated Issues in DIP Loan Documents"  American Bankruptcy Institute's Central States Bankruptcy Workshop, June, 2014.
  • "Claims in Bankruptcy" and "Creditors' Committee Thorny Issues and Recent Developments," Midwest Bankruptcy Seminar, August 2013.
  • "Hot Topics in Creditor Issues," Bankruptcy Law Institute, May 2013.
  • “My Sub/GC Just Went Bankrupt. Now What?” with Tyson Crist, Central Ohio Chapter of the Construction Financial Management Association Meeting, February 19, 2013
  • “Selected Secured Remedies and Issues,” Creditor’s Remedies Seminar, Ohio State Bar Association, March 2011, May 2010.
  • “Distressed Mergers and Acquisitions,” Lecturer, Fisher College of Business, The Ohio State University, May 2011, April 2010, May 2009.
  • “The Financial Crisis Symposium - Transactions for Distressed Companies,” Invited Panelist, Capital University Law School, October 2009.
  • “Officer and Director Liability” and “Hot Issues in Creditor Strategies and Claims,” Midwest Regional Bankruptcy Seminar, August 2008.
  • “Practical Issues in Representing Creditors” Invited Panelist, William J. O’Neill Regional Bankruptcy Institute, April 2007.
  • Chapter 11 Topics – "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005," May 2006.
  • Bench and Bar Retreat, March 2006 and March 2005.
  • "The CBA and BAPCPA: Practical Applications," September 2005.
  • "First Day Orders," August 2003.
  • "Problem Loans – Strategic Considerations," February 2003.
  • "Trustee Action: What to Do When the Bondholders are Silent," October 2002.
  • "Selected Secured Creditor Remedies and Issues," August 2002.
  • "Continuing to Sue Your Indenture Trustee and Its Professionals," October 2001
  • "A View to Kill; Evidence in Bankruptcy," May 2001.
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