A bankruptcy filing by a defendant can be a daunting prospect. But plaintiffs with high-value claims who approach the process strategically can achieve a strong recovery. Amy Geise of Omni Bridgeway explains.
Kirkland and Weil Litigate Through a Classic Case of Afflictio Duplex
For a year, Bankruptcy Court in Houston has been the setting for A Tale of Two Calamities. A raging disease and a crippled economy tugged the court in two directions. Wave after wave of businesses sought haven from creditors. Covid-19 rendered the court uninhabitable, but also made it indispensable. A flood of cases and no courtrooms in which to try them. Along came two trial lawyers from the two most competitive law firms in the corporate bankruptcy space. This is their story.
DBJ: Fort Worth Real Estate Firm Files for Bankruptcy
The Fort Worth company is represented by a solo attorney and lists assets ranging from $0 to $50,000 and debts ranging from $1,000,001 to $10,000,000.
DBJ: Popular DFW Restaurant Chain Exits Bankruptcy
The buffet-style pizza chain has emerged from the U.S. Bankruptcy Court for the Northern District of Texas in less than two months after filing for Chapter 11.
Baker Botts Leads Griddy Energy Into Bankruptcy
Griddy Energy, a retail power supplier facing a slew of civil lawsuits as a result of charges from the February winter storm, says it has less than $10 million in assets but owes ERCOT, CenterPoint Energy and Oncor three times that amount.
Alamo Drafthouse Files for Bankruptcy
The Austin-based movie theater chain — known as a pioneer for the dine-in-theater experience — is the latest indoor, consumer-oriented business to fall prey to the financial woes of the Covid-19 pandemic. Natalie Posgate details where the company filed and who from Texas has appeared in the case.
Okin Adams Advises on Castex Energy ‘Chapter 22’ Bankruptcy
In the world of corporate bankruptcy and restructuring, they call it Chapter 22. For the second time in four years, Houston-based oil and gas exploration and drilling company Castex Energy has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas.
Brazos Electric Coop Files for Bankruptcy
Last week, Brazos Electric Power Cooperative got a $2 billion bill from ERCOT demanding payment for power supplied during the winter storm that hit Texas two weeks ago. Early this morning, Brazos, the largest generation and transmission cooperative in Texas, filed for Chapter 11 bankruptcy protection in the Southern District of Texas citing more than $3 billion in debts.