Ragan Powers

Partner

Ragan Powers represents investors, secured and unsecured lenders, debtors and lessors in restructuring and bankruptcy. He handles out-of-court workouts and restructurings, consensual and litigated Chapter 11 cases, distressed business transactions and related litigation. Ragan has helped clients with a range of issues including underperforming equity investments, large secured transactions, management of troubled loan portfolios, and distressed financing arrangements.

Associated Grocers Inc.

Representing former large wholesale grocery distributer in wind down and liquidation of business. (Ongoing)

In re AmericanWest Bancorp

Representing Starbuck Bancshares in Chapter 11 proceedings of AmericanWest Bancorp, including acquisition of AmericanWest Bank in Section 363 sale. (Ongoing)

In re AMR Corp.

Representing Alaska Airlines Inc. in Chapter 11 bankruptcy proceedings of American Airlines. (Ongoing)

In re Big Nevada LLC

Representing Canadian receiver in Chapter 15 proceedings involving several operating casinos in Washington state. (Ongoing)

In re Borders Books Group, Inc.

Representing Seattle's Best Coffee in Chapter 11 bankruptcy proceedings of Borders Group, Inc. and its affiliates. (Ongoing)

Admitted to Practice

Washington, 1981
U.S. District Court, Western District of Washington
U.S. District Court, Eastern District of Washington

Education

J.D., University of Washington School of Law, 1981
- Order of Barristers
- Member, Moot Court Honor Board
B.A., Economics, Political Science, University of California, Davis, 1978, with highest honors

Memberships & Affiliations

- American Bankruptcy Institute
- American Bar Association
- Former Board Member, NW Chapter of Turnaround Management Association

Professional Recognition

- Named as one of "America's Leading Lawyers for Business" by Chambers USA in Bankruptcy/Restructuring (Washington), 2005-2024; Received "Band 1" ranking, 2012-2024
- Selected by Best Lawyers as Seattle's "Lawyer of the Year" in Litigation – Bankruptcy, 2016; in Banking and Finance Law, 2025
- Named one of the "Best Lawyers in America" by Best Lawyers in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, 2001-present; in Litigation - Bankruptcy Law, 2015-present; in Banking and Finance Law, 2018-present; in Commercial Litigation, 2025-present
- Selected to "Washington Super Lawyers," Thomson Reuters, 2001-2002, 2004, 2006-2024
- Selected for "11th Annual Turnaround Award: Materials Deal of the Year (Under $250MM)" for 363 Sale of Quantum Technologies by The M&A Advisor, 2017
- Named as one of "155 Top Lawyers" by Seattle Magazine and Seattle Business Monthly, 2007