Bankruptcy

We represent creditor committees, lessors, debtors and equity holders at every stage of the reorganization process both in and out of court.  Our creditor work involves representation of lending institutions and trade creditors, primarily in Chapter 11 business reorganizations. We also specialize in resolving tax problems in bankruptcy and related adversarial matters in which creditors’ rights are being contested.  With respect to our debtor work, our firm has represented a wide variety of debtors.  We have been successful in restructuring debt both inside and outside of Chapter 11.  We have found that by not limiting our practice to either debtor or creditor work, we are able to maintain a more neutral perspective and are better able to anticipate opposing counsels’ reactions to a particular strategy.

We represented seven oil field services companies in the TXCO Chapter 11 bankruptcy case.  Our clients held claims of approximately $21 million.  Through our substantial efforts in combination with other interested parties in the case, our clients will shortly be receiving a cash payment in full satisfaction of their claims with interest and attorneys’ fees.  This was a cooperative team effort which proves that Chapter 11 can be used in a very successful manner.