University of Richmond
American Jurisprudence Book Award for Bankruptcy, Law Review
College of William and Mary
U.S. Bankruptcy Court for the Eastern District of Virginia
U.S. Bankruptcy Court for the Western District of Virginia
U.S. District Court for the Eastern District of Virginia
U.S. District Court for the Western District of Virginia
U.S. Court of Appeals for the Fourth Circuit
Roy Terry has served as a Chapter 7 bankruptcy trustee for the Richmond Division of the United States Bankruptcy Court since 2002. Roy’s work within the Bankruptcy Practice and Business Groups of Sands Anderson also includes the representation of debtors, creditors, and committees, particularly in Chapter 11 and Chapter 7 bankruptcy cases.
As a member of the Sands Anderson team, Mr. Terry played an active role as co-counsel for the unsecured creditors’ committee in the major Chapter 11 case of Alpha Coal Company. He presently serves as counsel to the liquidating trust oversight committee in the confirmed Chapter 11 case of Neogenix Oncology, Inc., pending before the Bankruptcy Court in Greenbelt, MD. In addition to his involvement in the large Chapter 11 cases filed in Richmond and elsewhere, Mr. Terry also regularly represents other financially stressed businesses in both workouts and bankruptcy filings. He similarly represents individuals in bankruptcy who face business-related or other complicated financial challenges with their creditors.
Mr. Terry has also served as a federal receiver for the Securities and Exchange Commission and US District Court in the significant Ponzi fraud cases of Terry L. Dowdell and International Fiduciary Corporation. He has likewise served as a receiver in local cases for the US Attorney’s Office and US District Court.
Roy Terry is a past chair of the Bankruptcy Section Board of Governors for the Virginia State Bar. He is also a past chair of the Richmond Bar Bankruptcy Section. Mr. Terry serves on the Planning Committee of the Mid Atlantic Bankruptcy Institute, where he regularly participates as a speaker and moderator. He is a member of the American Bankruptcy Institute (“ABI”), and frequently authors articles for the ABI Journal.
Mr. Terry attended the College of William and Mary and the University of Richmond Law School. He has served on Williams and Mary’s Tribe Club Board, and enjoys supporting William and Mary Soccer. He also attended Bath University in the United Kingdom for his undergraduate junior year.
Appointed as a receiver in matters before the U.S. District Courts in both the Eastern District and Western District of Virginia, including in cases filed by the United States Securities and Exchange Commission
Appointed receiver by the U.S. District Court, Eastern District of Virginia, Alexandria, in SEC v. International Fiduciary Corp. Roy sorted through the aftermath of a $45 million Ponzi scheme affecting investors in the U.S. and Canada
Organized an active ad hoc committee of commingled 1031 exchangers, in the LandAmerica bankruptcy cases\
Represented individuals and businesses in Chapter 11 cases. Roy’s successfully confirmed plans including the following:
Neogenix Oncology, Inc.
Roper Brothers Lumber Company Incorporated
Prospect Homes of Richmond, Inc.
Virginia Retirement Services of Chesterfield, LLC.
Served as counsel to the Official Committee of Equity Security Holders in Neogenix Oncology, Inc., pending before the U. S. Bankruptcy Court for the District of Maryland, Greenbelt Division.
Tasked by the U.S. District Court, Western District of Virginia, with unraveling an international securities fraud scheme (Ponzi) totaling in excess of $100 million, and with returning funds to injured investors in SEC v. Vavasseur Corp., et al. In discharging the receiver’s duties to recover assets for investors in the Vavasseur scheme, Roy worked with accountants and attorneys, and made court appearances, in the UK, Ireland, Guernsey and other foreign jurisdictions. A court-approved cooperation agreement with a counterpart Liquidator in the UK is believed to be the first of its kind.
Best Lawyers in America®, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
Virginia Business magazine “Legal Elite” in Bankruptcy/ Creditors’ Rights
Super Lawyer® in the area of Bankruptcy & Creditor/Debtor Rights
2006 – present
by Doris Kerns Goodwin
City of Richmond Bar Association
Bankruptcy Section, former Chair
Virginia State Bar
Bankruptcy Section, former Chair
American Bankruptcy Institute (ABI)
National Association of Bankruptcy Trustees (NABT)
Mid Atlantic Bankruptcy Institute
River Road Baptist Church
Member, Chancel Choir
Leadership Metro Richmond
Alumni and Active Member of Curriculum Committee
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