Payam Khodadadi Counsel

Payam practices in the areas of bankruptcy, insolvency and complex commercial litigation. While attending Loyola Law School, he earned the Highest Grade Awards in Bankruptcy and Commercial Law, and externed for the Honorable Thomas B. Donovan, United States Bankruptcy Judge.

From 2004 to 2005, he served as president of the Jewish Law Student Association. Payam graduated in the top 3% of his law school graduating class and was admitted to the honor society Order of the Coif for his accomplishments. In each year from 2013 through 2018, Payam was selected by the prestigious Super Lawyers publication as a "Rising Star."

Payam has a wide range of experience in bankruptcy cases and adversary proceedings, and has represented corporate debtors, indenture trustees, secured creditors, unsecured creditors, lessors, lessees, contract counterparties and other interested parties in bankruptcy cases and related litigation. Payam’s practice has encompassed managing bankruptcy cases from the early stages of the case through to the end. Payam’s practice includes strategizing, negotiating and litigating issues related to maintaining the operations of a debtor’s business when representing debtors, and issues related to relief from stay, use of cash collateral, financing, assumption and rejection of contracts and leases, disclosure statement approvals and plan confirmations when representing debtors, creditors or other interested parties. Payam is also very experienced in litigation involving preferential and fraudulent transfers.

Payam’s practice also encompasses complex commercial litigation. Payam’s civil litigation work includes strategizing regarding commercial and financial disputes before litigation is commenced, as well as litigation strategy after litigation is commenced. Prior to litigation, Payam’s practice includes evaluation of a client’s case and its strength in litigation. During litigation, Payam’s practice includes drafting pleadings, fact and expert discovery practice, law and motion practice, alternative dispute resolution practice and pre-trial practice. Payam has represented clients in both federal and state courts.

Experience

Bankruptcy Experience

Representing corporate debtors, bankruptcy trustees, creditors’ committees, indenture trustees, secured creditors, unsecured creditors, lessors, lessees, contract counterparties and other interested parties in bankruptcy cases and related litigation.

Managing bankruptcy cases from the early stages of the case through to the end.

Strategizing, negotiating and litigating issues related to maintaining the operations of a debtor’s business when representing debtors, and issues related to relief from stay, use of cash collateral, financing, assumption and rejection of contracts and leases, disclosure statement approvals and plan confirmations when representing debtors, creditors or other interested parties.

Negotiating, conducting and seeking bankruptcy court approval of sales of substantially all assets of debtors’ estates pursuant to Section 363 of the Bankruptcy Code. Representing plaintiffs and defendants in adversary proceedings initiated in bankruptcy cases, with an emphasis on preferential and fraudulent transfer matters and creditors’ rights.

Managing west coast credit card litigation commenced by debtors and trustees against one of the firm’s major banking institution clients in bankruptcy cases.

Civil Experience

Represented clients in both federal and state courts.

Strategizing regarding commercial disputes before litigation is commenced, including evaluation of a client’s case and its strength in litigation.

Managing complex commercial litigation matters, including drafting pleadings, discovery practice (including managing all aspects of written and electronic discovery and witness preparation), law and motion practice (including drafting, responding and arguing motions), alternative dispute resolution practice and pre-trial practice.

  • California
  • U.S. Court of Appeals for the 9th Circuit
  • U.S. District Court for the Central District of California
  • U.S. District Court for the Eastern District of California
  • U.S. District Court for the Northern District of California
  • U.S. District Court for the Southern District of California

Named to "Southern California Rising Stars," Bankruptcy: Business, Super Lawyers, Thomson Reuters, 2013-2018

  • Author, Statement By Debtor About Single Asset Can Be Statement Respecting Debtor’s Financial Condition Under Bankruptcy Code Section 523(a)(2)(B), McGuireWoods Legal Insights, July 13, 2018
  • Contributor, "How Far Will Good Faith Get You in the Ninth Circuit After Clear Channel?," American Bankruptcy Institute Newsletter, Vol. 6, No. 3, March 2009
  • Co-author, Implications of Sarbanes-Oxley on the Bankruptcy Practice, Understanding the Bankruptcy Reform Act of 2005 in California, Lorman Education Services, February 2006
  • Co-author, Chapter 15 - Dealing with Transnational and Cross-Border Insolvencies, Understanding the Bankruptcy Reform Act of 2005 in California, Lorman Education Services, February 2006
  • Loyola Law School Los Angeles, JD, cum laude, Staff Writer, Loyola of Los Angeles Entertainment Law Review, Order of the Coif, 2005
  • University of California Los Angeles, BA, Political Science, cum laude, 2002

Member, California State Bar

Member, Financial Lawyers Conference

Member, Turnaround Management Association

  • Persian
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