Barry A. Solodky, Esq.
Barry A. Solodky, Esq. focuses his practice in Bankruptcy and Financial Restructuring and is also a member of the firm’s Business and Corporate and Real Estate Groups. He brings four decades of experience in all aspects of debt settlement and bankruptcy law. Barry has a reputation for providing timely and practical advice to protect his clients’ interests, preserve value, minimize risk of loss and maximize recovery.
In his practice, Barry assists those facing financial issues by providing evaluations and alternative solutions for bankruptcy such as workouts with creditors, negotiating payment terms and strategies for asset protection. When warranted, he can also assist with business liquidations or make recommendations for other strategic alternatives such as a merger, acquisition or other corporate transaction.
For businesses affected by COVID-19, Barry and the Saxton & Stump team can provide guidance and support regarding Coronavirus Aid, Relief and Economic Security (CARES) Act loans and tax credit eligibility for employers, Paycheck Protection Program (PPP) loans as well as health plans, retirement plans and nonqualified/deferred compensation plans.
Barry also represents secured and non-secured creditors, businesses, vendors, suppliers, bankruptcy trustees, purchasers of assets and individual creditors on small and large claims. He can assist those dealing with debtors or customers with payment issues by providing guidance on how to best apply payments, handle reclamation rights and executory contacts and unexpired leases. He can also assist with preference payment claims by defending preference actions.
Barry previously served 33 years as a court-appointed Chapter 7 trustee providing independent oversight for bankruptcy cases and as counsel for other fellow trustees. He has previously been appointed as a receiver in several cases, managing assets for insolvent businesses during proceedings. Barry is also an appointed mediator in the Bankruptcy Court for the Eastern District of Pennsylvania.
He is regularly invited to lecture on bankruptcy issues and is an annual guest speaker at the Lancaster Bar Association Bankruptcy Seminar.
Duquesne University School of Law, J.D., 1974
Boston University, B.A. in Business Administration, 1971
U.S. District Court of the Eastern District of Pennsylvania
U.S. District Court of the Middle District of Pennsylvania
U.S. Bankruptcy Court for the Eastern District of Pennsylvania
U.S. Bankruptcy Court for the Middle District of Pennsylvania
Pennsylvania Bar Association
Lancaster Bar Association (former Treasurer)
National Association of Consumer Bankruptcy Attorneys
American Bankruptcy Institute
Middle District Bankruptcy Bar Association
“The New Subchapter V of the Bankruptcy Code,” Lancaster Bar Association, July 22, 2020
“Navigating Uncertain Finances: Non-Bankruptcy and Pre-Bankruptcy Planning Alternatives for Small Businesses,” Gibbel Kraybill & Hess LLP, May 12, 2020
Lancaster Bar Association Bankruptcy Seminar
Pennsylvania Bar Institute Bankruptcy Seminar
Best Lawyers in America, 2022
Pro Bono Attorney of the Year award from Lancaster Bar Association, 2017
Select Lawyer, 2014 and 2016
Recognition Award from former State Senator Mike Brubaker for aiding local community members in a mortgage fraud bankruptcy case, 2008
Temple Beth El Lancaster, former board member
Lancaster Jewish Community Center, former board member
Manheim Township Parks and Recreation Board, former board member and president
Served as a Trustee for a commercial equipment dealer liquidating over $3 million in assets
Acted as a liquidating receiver for a machine manufacturer liquidating over $1 million in assets
Acted as a liquidating receiver for a real estate holding company with over $2 million in assets
Represented a Chapter 11 debtor in the turf grass business securing a confirmed Plan
Successfully defended preference claims for creditors in various bankruptcy cases
Acted as trustee in liquidating and selling numerous restaurants
Negotiated workouts for a children’s furniture retailer and a bed and furniture retailer
Served as trustee in a bankruptcy proceeding involving an equipment leasing company that owed $500,000 to its creditors
Represented a building company in Chapter 7 proceedings
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