Parmes, who was a partner at Rutan & Tucker LLP, practices business insolvency law, with a particular focus on representing non-debtors in workouts and bankruptcy matters. Her clients include secured creditors, landlords, buyers and sellers, trade creditors, and other parties affected by financial insolvency.
"We are very pleased to add Penelope to our bankruptcy team," said William Withrow, Chair of Troutman Sanders' Business Litigation Department. "Her experience dealing with issues arising out of debtor-creditor relationships will be an asset not only to our bankruptcy practice, but to our real estate and financial institutions practices as well."
A substantial portion of Parmes’ practice includes the representation of lenders regarding adequate protection and cash collateral litigation, valuation issues, avoiding actions and plan confirmation litigation. Parmes also handles local, regional and national matters in bankruptcy cases of all sizes.
"Penelope has an excellent reputation in the market because of her demonstrated ability to solve complex problems,” said Bob Pozin, Managing Partner of Troutman Sanders' Orange County office. “Her significant experience in several areas, including buying assets out of bankruptcy and representing institutional lenders in workouts, receiverships and other enforcement actions, will be of great value to our practice here in California, as well as nationally.”
"I am very excited to join Troutman Sanders,” said Parmes. “The firm’s national reach, substantial bankruptcy and workout practice and deep experience in the financial institutions industry provide a great platform for my practice.”
Parmes is a former president of both the California and Los Angeles bankruptcy bar associations. She is also a certified mediator for the Bankruptcy Court of the Central District of California.
Parmes earned a J.D. from San Francisco Law School and attended the University of Denver. She is admitted to practice in California.
About Troutman Sanders:
Troutman Sanders LLP is an international law firm with more than 600 lawyers and offices located throughout the United States and China. Founded in 1897, the firm’s lawyers provide counsel and advice in practically every aspect of civil and commercial law related to the firm’s core practice areas: Corporate Law, Energy and Industry Regulation, Finance, Litigation and Real Estate. Firm clients range from multinational corporations to individual entrepreneurs, federal and state agencies to foreign governments, and non-profit organizations to businesses representing virtually every sector and industry. See troutmansanders.com for more information.