Elizabeth Lee Thompson: Lawyer with Stites & Harbison, PLLC

Elizabeth Lee Thompson

View Elizabeth Lee Thompson 's Martindale-Hubbell Connected Profile
Lexington,  KY  U.S.A.

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AV® Preeminent

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Practice Areas

  • Arbitration
  • Mediation and Alternative Dispute Resolution
  • Bankruptcy
  • Business Litigation
  • Financial Services Litigation
  • Environmental Surety Law
  • Financing
  • Creditors' Rights & Bankruptcy
  • Creditors' Rights
  • Out-of-Court Workouts & Commercial Litigation
  • Litigation & Appeals
  • Banking/Financial Services
  • Energy
University University of Kentucky, B.B.A., with high distinction, 1979
Law SchoolUniversity of Kentucky College of Law, J.D., 1982
Admitted1982, Kentucky; U.S. Court of Appeals for the 6th Circuit; U.S. District Court for the Eastern District of Kentucky; U.S. District Court for the Western District of Kentucky


American Bar Association

Kentucky Bar Association

Fayette County Bar Association

American Bankruptcy Institute

Fayette County Women Lawyers' Association, Founder and first president

BornJefferson County, Kentucky, December 20, 1957

Liz Thompson is a Member of the firm based in its Lexington office. Her practice focuses on creditors' rights, bankruptcy, and business litigation. She represents secured creditors, substantial claimants, purchasers of assets, creditors' committees and debtors in Chapter 11 bankruptcies. She also represents creditors in loan restructurings, work-outs, collection actions and foreclosures. She helps investment funds identify and purchase credit facilities and assists with loan acquisitions and note buying. She joined the firm in 1995, previously served on its Management Committee, is head of its Creditors' Rights & Bankruptcy Service Group and developed and facilitates its associate mentoring program.

Ms. Thompson has extensive trial experience. In the past several years, she has litigated over 20 evidentiary hearings before the United States Bankruptcy Court for the Eastern District of Kentucky in adversary proceedings and contested matters including evidentiary hearings on appointment of Chapter 11 Trustees, Chapter 11 plan confirmation, change of venue, non-dischargeability and approval of asset sales. Ms. Thompson has litigated more than 20 bench trials and more than 10 jury trials in commercial litigation actions before state and federal judges in both the Eastern and Western Districts of Kentucky. She was appointed, by Governor Beshear, to the Northern Kentucky University Board of Regents, August 2010.

Recent Assignments

•Represented secured creditors in state and federal court litigation
•Represented the secured creditor and purchaser of Samaritan Hospital in its Chapter 11 bankruptcy
•Collected millions of dollars in judgments including $1.5 million recovery from enforcement of a U.S. judgment in Paris, France, in 2012
•Represented investment funds and lenders in secured debt acquisitions and note sales
•Represented the unsecured creditors' committee in the CLASSICSTAR Chapter 11 bankruptcy
•Litigated enforcement of commodities contracts in state and bankruptcy courts
•Served as the principal bankruptcy attorney in the firm's engagement as counsel for the official unsecured creditors' committee in one of the biggest and highest-profile, personal bankruptcies in the history of Kentucky, the bankruptcy of Kentucky's former governor, Wallace G. Wilkinson
•Represented the debtor in Calumet Farm, Inc., the Chapter 11 bankruptcy of the largest horse farm in the nation
•Represents large creditors in several Chapter 11 coal company bankruptcies in Kentucky and other states including Lodestar, Inc., Horizon Natural Resources, Trinity Coal Corporation and Patriot Coal Corporation
•Represented the secured creditor and DIP Lender in the Chapter 11 bankruptcy of a major regional clothing retailer
•Obtained prejudgment attachment of assets and collateral protecting creditors from fraudulent conveyances

Recent Articles and Speaking Engagements

•Unique Kentucky State Laws Impacting Lenders,Presented April 10, 2014
•The Servicemembers Civil Relief Act: What it means for creditors' rights, with Erika R. Barnes, Stites & Harbison Client Alert, July 3, 2013
•Legal options of small business owners who accept late payments,Stites & Harbison, PLLC, Client Alert (co-author, Hunter J. Kendrick, 2012 Summer Associate), July 11, 2012
•Boot Camp: Foreclosure and Loan Workout Procedures,National Business Institute (NBI), Lexington, Ky., December 2, 2011
•Faulty Forms of Acknowledgement and Other Defects: The Effect of imperfect real estate documents on the Trustee's avoidance power under 11 U.S.C. 544,Title Insurance Litigation Committee Newsletter, American Bar Association, Winter 2011
•OCC Issues New Guidance for National Banks,Stites & Harbison, PLLC, Client Alert, July 22, 2011
•Rainmaking: Building and Maintaining Your Practice,Panel Member, The Women Lawyers' Association of the Fayette County Bar, Lexington, Ky., April 13, 2011
•Recent Trends in Avoidance Actions Resulting from Title Defects,American Bar Association 2010 Annual Conference, San Francisco, Calif., August 7, 2010
•Debtor-In-Possession and Exit Financing,Aspatore, February 2010
•Mentoring 101,Fayette County Bar Association, Lexington, Ky., February 2008
•Deposition Skills,Fayette County Bar Association, Lexington, Ky., Spring 2007
•Keys to Advising Creditors During Foreclosure and Repossession Actions in Kentucky,National Business Institute, Lexington, Ky., Oct. 27-28, 2005
•Commercial litigation and bankruptcy,various presentations before the Kentucky Bar Association, Fayette County Bar Association and University of Kentucky College of Law Continuing Legal Education Programs
•Credit and Collections and Business Law,Past Adjunct Professor, Lexington Community College

Before Stites & Harbison

Liz was Shareholder and Vice President (1987 to 1995) of the Lexington office of a commercial law firm. She managed that office and served as senior litigation attorney.

Besides Stites & Harbison

Liz and her husband, J.D., are the proud parents of two sons, Cpt. Warren S. Thompson, now stationed in Fort Benning, Georgia, and Lee S. Thompson, a recent Biochem grad at Western Kentucky University.

Professional Accolades

Martindale-Hubbell AV-rated

Best Lawyers in America, Bankruptcy & Creditor-Debtor Rights / Insolvency & Reorganization Law (2007-14)

The University of Kentucky Law Alumni Association, Professional Achievement Award (2009)

Certified in Business Bankruptcy by the American Board of Certification

Community Involvement

Northern Kentucky University, Board of Regents

Central Kentucky International Womens' Insolvency and Restructuring Confederation Board

Women Leading Kentucky Advisory Board

Leadership Kentucky, Class of 2004

2009 Professional Achievement Award, University of Kentucky Law Alumni

Mary Queen of the Holy Rosary parish, member

Catholic Action Center, volunteer


Eighty-nine Stites & Harbison attorneys honored by Best Lawyers in America for 2014

Seventy-five Stites & Harbison attorneys honored in Best Lawyers in America

Seventy-two Stites & Harbison attorneys honored in Best Lawyers in America

Firm Leadership

Creditors' Rights & Bankruptcy Service Group, Chair
Management Committee, past member (Certified in Business Bankruptcy Law by the American Board of Certification)


Documents by this lawyer on Martindale.com

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Collecting Charge-Offs: A Valuable Source of Revenue (Part One of Three-Part Series)
Robin Frazer,Elizabeth Lee Thompson, July 24, 2014
At the height of the Great Recession—the fourth quarter of 2009—banks charged off 3.1% of all loans, resulting in a net loss of nearly $51 billion in that quarter alone. Over $27 billion of the 2009 fourth-quarter charge-offs came from loans secured by real estate, and another $8...

Collecting Charge-Offs: A Valuable Source of Revenue (Part Two of Three-Part Series)
Robin Frazer,Elizabeth Lee Thompson, July 24, 2014
In this three-part series, Stites & Harbison (“S&H”) is examining the opportunities banks have to recover the large amount of loans that were charged off in the Great Recession. Last week, the first part of the series described the scope of outstanding charged-off loans, the roughly...

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Office Information

Elizabeth Lee Thompson

250 West Main Street, Suite 2300
LexingtonKY 40507-1758


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