COVID-19 Job Losses and the Importance of the Updated Minnesota Exemptions
Minnesota exemptions were recently updated, increasing the amount of assets that individuals may protect.
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Email: rmurphy@fredlaw.com
Office: 612.492.7310
Mobile: 612.240.3284
Assistant: Sherrie Timm, 612.492.7802
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“I take ownership of my client’s issues and dedicate myself to resolving them so my client is pleased with the process and values the result.”
Ryan is recognized as one of the outstanding restructuring lawyers in the upper Midwest and has led many complex restructurings on behalf of companies and individuals to success. Ryan is the chair of Fredrikson & Byron’s Bankruptcy, Restructuring & Workouts department.
Ryan is a skilled negotiator and regularly resolves issues out of court. He is also a seasoned litigator and represents parties in bankruptcy, receiverships and commercial litigation across the country. He has extensive experience representing companies and individuals in and out of court as well as buyers and sellers of assets in distressed situations. He has handled matters for clients in industries as varied as manufacturing, retail, hotel, real estate, banking, entertainment, transportation and energy. He has extensive experience advising owners and boards of directors, and representing debtors and creditors in workout, insolvency, restructuring and bankruptcy planning matters. Ryan also has extensive experience representing companies and creditors in state and federal court litigation, including bankruptcies, receiverships, assignments for benefit of creditors, foreclosures, fraudulent transfer and preference claims.
Ryan has been named as one of The Best Lawyers in America, a Super Lawyer by Minnesota Super Lawyers and Fellow of the American College of Bankruptcy. Ryan’s work has been recognized by several organizations, including national awards. The Turnaround Management Association – Global awarded Ryan the Nonprofit Turnaround of the Year for 2018 and Transaction of the Year for 2018. Ryan has served as the Chair of the Minnesota State Bar Association, Bankruptcy Section, and President of the TMA, Minnesota Chapter. Ryan is also a member of Fredrikson & Byron’s Finance Committee.
July 24, 2020
Minnesota exemptions were recently updated, increasing the amount of assets that individuals may protect.
April 22, 2020
Steps and strategies for trade vendors to protect themselves in the event a customer may file for bankruptcy during economic disruption.
March 30, 2020
Executives and their companies facing a financial storm brought on by the pandemic can find themselves in an overwhelming spot. Fredrikson attorneys provide a next-steps checklist and wealth of resources to help weather the storm.
November 13, 2019
Fredrikson & Byron attorney Ryan T. Murphy has been invited to become a Fellow of the American College of Bankruptcy, recognizing him for his work, contributions to the administration of justice, his public service and integrity.
August 28, 2019
Chapter 11 bankruptcy is an important and powerful tool to address financial challenges that a company and its decision-makers may be facing. While the process has its challenges, understanding the rights afforded and strategic advantages available through the Chapter 11 process is critical.
May 13, 2019
New dollar amounts for exemptions under the Bankruptcy Code took effect on April 1, 2019, and apply to all cases filed on or after that date. Ryan Murphy prepared a table that summarizes these updated Bankruptcy Code amounts and also compares the Bankruptcy Code exemptions with the Minnesota state-law exemptions.
February 19, 2019
Worldwide debt has grown to nearly $250 trillion, a substantial increase since the Great Recession in 2008. The makeup of the debt held by individuals has changed and the amount of corporate debt has significantly increased. With economic challenges on the horizon, these changes will likely affect the processes individuals and corporations pursue to address debt.
July 26, 2018
Minnesota has expanded the types and value of assets that individuals may protect from creditors.
October 3, 2017
The new receivership and assignment for benefit of creditors statutes took effect in 2012.