Philomena S. Ashdown
Of CounselPhilomena 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.
Education
- University of Notre Dame (J.D.)
- University of Madras Law School (LL. B.)
- University of Madras (B.S.)
Practice Areas
- Workouts, restructurings, bankruptcy
- Preference Litigation
- Debtor-Creditor rights
- Receiverships
- Assignment for Benefit of Creditors
- Acquisitions | Sales of Hotel, Motel, C-Stores
- Distressed Asset Transactions
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
Honors & Recognition
- Ohio Super Lawyers (2023, 2024)
- The Best Lawyers in America® (2019-2024)
- AV Rated by Martindale Hubbell (2008-present)
- Cincy Leading Lawyers (2009-present)