Exco Resources is paying its legal and financial advisors $4 million a month to help guide the company through bankruptcy. Since the Dallas oil and gas operation filed for Chapter 11 protection last year, Exco has paid the lawyers and other restructuring experts $61.6 million. The Texas Lawbook has exclusive details.
Frisco tech firm files for bankruptcy, owes up to $50M
Frisco’s Skinny IT – once a rising star in North Texas – has filed for bankruptcy, the Dallas Business Journal reports.
Adeptus GC Tim Mueller: IPO, Bankruptcy, Private Equity in Three Years
Adeptus Health General Counsel Tim Mueller has seen good times and bad times. During a three-year period, Adeptus experienced wild expansion, did an IPO, had its market cap hit $1 billion, filed for bankruptcy and restructured with a new plan for steady growth. Through it all, Mueller’s legal counsel has been both sound and poised. The Lawbook has the story.
O&G Bankruptcies Fall Nearly 40 Percent
A Haynes and Boone study shows that North American oil and gas bankruptcies fell to just 43 filings in 2018, down from 70 in the prior year. The Houston Chronicle’s Jordan Blum explains.