Ray has represented clients for more than 30 years in matters relating to bankruptcy and insolvency, litigation and general business issues. He has substantial experience assisting healthy businesses, as well as financially challenged businesses, navigate their paths forward. He has represented high net worth individuals through complicated business transactions and contractual negotiations, as well as representing business entities in out-of-court restructurings.
Ray has represented constituencies on all sides of insolvency proceedings including unsecured creditors’ committees, equity security holders’ committees, debtors in Chapter 11 bankruptcy proceedings, landlords, Chapter 11 and Chapter 7 trustees, post-confirmation Trustees and buyers of assets. He also has an active transaction practice in which he represents both buyers and sellers of businesses and businesses seeking equity or debt financing.
In addition to maintaining a robust business and insolvency practice, Ray also speaks on corporate law as well as business reorganization topics and is the co-author of the “Appointment of the Committee and Retention/Compensation of Professionals” chapter of Representing The Creditors’ Committee, A Guide for Practitioners, a publication from the American Bankruptcy Institute. Ray also volunteers pro bono for the Homeless Advocacy Project (HAP) and is on the Board of Directors of Consumer Bankruptcy Assistance Project (CBAP).
Boston University School of Law, J.D.
Haverford College, B.A.
Member, Delaware Bar Association
Member, Philadelphia Bar Association
Member, American Bankruptcy Institute
Member, Eastern District of Pennsylvania Bankruptcy Conference
Member, Board of Directors, Consumer Bankruptcy Assistance Project (CBAP)
Co-Chair, Philadelphia Bar Association Small Business Committee
Martindale-Hubbell “AV Preeminent” rated.*
Named to “The Best Lawyers in America” for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in Delaware by Best Lawyers (2010-2023)*
Named to “The Best Lawyers in America” for Litigation – Bankruptcy in Delaware by Best Lawyers (2011-2023)*
Named to the “Pennsylvania Super Lawyers” list by Thomson Reuters for Bankruptcy (2012-2022)*
Named to the “Delaware Super Lawyers” list by Thomson Reuters for Bankruptcy (2011)*
Presenter, “Intersection of IP and Bankruptcy Law,” Pennsylvania Bar Association, May 12, 2022
Panelist, “What Can You Do For Me? Resources Available to Philadelphia Businesses,” CLE webcast, Philadelphia Bar Association, November 16, 2021
Presenter, “Subchapter V – Bankruptcy for Small Business,” accredited CLE program, November 3, 2021
Presenter, “Navigating Uncertain Finances: Non-Bankruptcy and Pre-Bankruptcy Planning Alternatives for Small Businesses” webinar, Gibbel Kraybill & Hess LLP, May 12, 2020
Guest, “Behind the Numbers with Dave Bookbinder,” Podcast, Dave Bookbinder