Lancaster bankruptcy and creditors’ rights attorney Barry Solodky joins Saxton & Stump

Saxton & Stump is pleased to welcome attorney Barry A. Solodky as Senior Counsel and leader of its newly-formed Bankruptcy and Creditors’ Rights practice. Solodky has been serving clients for more than four decades in bankruptcy law, handling all aspects including Chapter 7, 11, 12 and 13 proceedings. He is also a member of the firm’s Business and Corporate and Real Estate groups.  

“Barry brings tremendous experience and is well-known in the Central Pennsylvania business community,” said CEO James W. Saxton. “He will be an excellent mentor for our young lawyers and his depth of knowledge in this complex area of law will make him an immediate asset to our clients.”  

In his practice, Solodky represents secured and non-secured creditors, businesses, vendors, suppliers, bankruptcy trustees, purchasers of assets and individual creditors on small and large claims. He assists clients in negotiating alternatives for bankruptcy including loan workouts, debt restructuring and lien issues.  

Solodky previously served 33 years as a court-appointed Chapter 7 trustee providing independent oversight for bankruptcy cases and as counsel for other fellow trustees. He has been appointed as a receiver in several cases, managing assets for insolvent businesses during proceedings. Solodky is also an appointed mediator in the Bankruptcy Court for the Eastern District of Pennsylvania. Alongside Hon. Lawrence F. Stengel (Ret.) who joined the firm in 2018, and Hon. Robert A. Graci (Ret.) who joined the firm in 2019, Solodky adds to the depth of resources for the firm’s experienced attorneys handling receiverships and alternative resolutions.

Solodky received his J.D. from Duquesne University School of Law and a B.A. in Business Administration from Boston University. He is regularly invited to lecture on bankruptcy issues and is an annual guest speaker at the Lancaster Bar Association Bankruptcy Seminar. 

Saxton & Stump’s strategic growth outlook

Solodky is the first attorney to join Saxton & Stump in 2020. The firm’s energy continues to generate interest in the legal community and attract attorneys who are leaders in their respective fields. Saxton & Stump expects to continue to grow its team of now 46 lawyers and more than 100 total professionals, in line with the firm’s strategic plan for 2020. 

Last year, Saxton & Stump added 15 attorneys in addition to 15 business professionals and six major practice areas.  The firm also grew its geographic footprint, expanding its Lancaster office by about 30 percent, the Harrisburg office tripled in size and the Malvern office doubled in size. 

Saxton & Stump is a full-service law firm serving businesses by providing legal and consulting services. The firm’s professionals apply strategic solutions and provide problem-solving support to help clients navigate legal issues and thrive in an increasingly complex world.