Philomena S. Ashdown

Attorney
Philomena S. Ashdown

Cincinnati Office

The Federal Reserve Building
150 East Fourth Street
Fourth Floor
Cincinnati, Ohio 45202-4018
P 513.629.9456
F 513.241.8259

www.strausstroy.com

Admitted to Practice

  • Ohio
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Philomena S. Ashdown

Biography

Philomena Ashdown's practice includes general business and commercial transactions and related litigation. Her specialty is in the insolvency area, Chapter 11 bankruptcy, receiverships and assignments for the benefit of creditors. She also handles purchase and sales of distressed assets, including real estate and debt.

Philomena is recognized for her knowledge of insolvency issues and speaks regularly on related subjects. She is also known in the community for her efforts in business development and mentoring women and in the Asian Indian business community.

Philomena is a native of Madras, India, and a former law clerk to U.S. Bankruptcy Judge Robert K. Rodibaugh.

Biography

Philomena Ashdown's practice includes general business and commercial transactions and related litigation. Her specialty is in the...

Significant Representations

Representations include defense of commercial foreclosure actions as well as representing Creditor Committees, Trustees, Receivers, Assignees for the Benefit of Creditors, Debtors and Creditors in Chapter 11 cases and preference and avoidance of lien issues.

Reported Case:

  • Bergman v. OSI Development, 2010 Ohio 3259 (12th Dt. App.)

Chapter 11 Debtor Representation:

  • Miller Bros. Paint & Wallpaper
  • J.B. Flex, Inc.
  • Old Town Apartments
  • The Cincinnati Cordage & Paper Company
  • The Perron Printing Company dba Image Graphics
  • In re Pella Marketing
  • The Gibson Group
  • Clinch River Corporation
  • Building Technologies Corporation

Committee and Large Creditor Representation:

  • In re Lotto World; F&C International; Norwood, Inc.

Fiduciary Representation:

  • George Fels, Receiver and Assignee 2007 to present
  • James Collier, Receiver and Responsible Designee, 2006 to present

Significant Clients:

  • Dayton Grand Hotel
  • Pegasus Technical Services
  • Chiman Patel (Holiday Inn Franchisee)
  • Baldev Chokshi (BP and Marathon Franchisee)

Articles, Publications & Lectures

  • Cincinnati Bar Association,  Bankruptcy Committee, "Receiverships," 2012
  • Clermont County Bar Association, "Receiverships," 2011
  • Commercial Real Estate Women Seminar: “Dealing With Distressed Assets,” 2010
  • “Receiverships,” Cincinnati Bar Association Journal, July and September 2009
  • "State Insolvency Proceedings" for the Bankruptcy Seminar Class at UC College of Law, 2009
  • “Predatory Lending” in the Cincinnati Bar Association Journal, 2008
  • Cincinnati Bar Association (CBA) Real Property Institute  on Receiverships, 2008
  •  “Foreclosures Procedures” for Sterling Seminars, 2008
  • CBA  Bankruptcy Seminar -- Professionalism in Bankruptcy Practice, 2004
  • CBA  Bankruptcy Seminar– Chapter 11 Claims Litigation, 2003
  • CBA  Bankruptcy Seminar --  Preference Defense Strategies, 2002
  • Foreclosures and Repossession, 2000
  • Real Property Foreclosures, 1999
  • Successful Judgment Collections  for the National Business Institute, 1997
  • Ohio CLE Institute on UCC Article 4A, 1992

Areas of Concentration

  • Workouts, restructurings, bankruptcy
  • Preference Litigation
  • Debtor-Creditor rights
  • Receiverships
  • Assignment for Benefit of Creditors
  • Acquisitions | Sales of Hotel, Motel, C-Stores
  • Distressed Asset Transactions

Professional/Community Involvement

  • Bayley Life, Member, Board of Trustees
  • Mother Margaret George Society at Bayley Life, Co-Chair
  • International Women's Restructuring & Insolvency Confederation (IWIRC) of Cincinnati
  • Commercial Real Estate Women; co-founder and the first president (CREW)
  • Indian American Chamber of Commerce, Cincinnati, Ohio
  • Cincinnati Bar Association, Bankruptcy Committee
  • Cincinnati Bar Association Co-Chair, CARE Subcommittee
  • Cincinnati Bar Association Judicial Liaison Subcommittee
  • Catholic Charities of Southwest Ohio, member, 2002-2008, board president 2007-2008
  • Saint Antoninus Church, Finance Committee 2007-present
  • Asian Indian American Business Group president 2007-2009
  • Greater Cincinnati Women Lawyer's Association former president
  • Tri-State Association for Corporate Recovery former president and current member

Cincinnati Office

The Federal Reserve Building
150 East Fourth Street
Fourth Floor
Cincinnati, Ohio 45202-4018
P 513.629.9456
F 513.241.8259

www.strausstroy.com

Admitted to Practice

  • Ohio

Industry Experience

  • Banking
  • Finance
  • Commercial Development
  • Hospitality | Hotels

Education

  • University of Notre Dame (J.D.)
  • University of Madras Law School (LL. B.)
  • University of Madras (B.S.)

Honors & Recognition

Philomena S. Ashdown
  • AV Rated by Martindale Hubbell, 2008 – present
  • Cincy Leading Lawyers, 2009 – present