Corporate Bankruptcies: ‘Calm before the Storm’ in TX

Business bankruptcy filings in Texas plummeted during the first six months of 2019, but experts predict a financial storm is brewing that could force hundreds and hundreds of Texas businesses into insolvency. "We are beginning to see some bad signs,” says Sidley's Duston McFaul. "Another wave is on the way," says Jackson Walker's Elizabeth Freeman. Adds Lou Strubeck: “We are on the cusp of something big happening.” The Texas Lawbook has new data and complete details in Part One of a series.

August 14, 2019 Mark Curriden

Akin Gump, Jackson Walker Advise Sanchez Energy on Bankruptcy Filing

Another oil and gas company has filed for bankruptcy protection, this time Houston-based Sanchez Energy Corp.

August 13, 2019 Claire Poole

Halcón Files for Bankruptcy …Yet Again

Houston oil and gas explorer Halcón Resources filed for Chapter 11 bankruptcy a second time – and went with the same law firm it did the last go around. Claire Poole has the names.

August 8, 2019 Claire Poole

Houston Chronicle: Weatherford files for bankruptcy protection

The oilfield services company reported to the bankruptcy court in Houston that it had as much as $10 billion in liabilities, including $7.5 billion in unsecured bond debt.

July 2, 2019 L.M. Sixel of the Houston Chronicle

DBJ: DFW company files for bankruptcy, aims to eliminate nearly $900M in debt

Monitronics International Inc. said Monday it had filed and that it hoped to emerge from bankruptcy within about 75 days.

July 2, 2019 Brian Womack of the Dallas Business Journal

Exclusive: Legal, Financial Advisor Tab Hits $61M in Exco Resources Bankruptcy

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.

June 25, 2019 Mark Curriden

DBJ: Exco Resources to Emerge from Bankruptcy in ‘Coming Weeks’ After Court Reorgnization

The Dallas oil and natural gas company expects to complete the financial restructuring process in the coming weeks. Exco will reduce its leverage by more than $1.1 billion.

June 20, 2019 Dallas Business Journal Staff Report

Updated – Shearman Adds Restructuring Pro from Baker Botts

Prior to joining Shearman, Lucky McDowell practiced for his entire 17-year career at Baker Botts.

May 1, 2019 Brooks Igo

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.

January 25, 2019 Brian Womack of the Dallas Business Journal

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.

January 16, 2019 Mark Curriden

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.

January 10, 2019 Jordan Blum of the Houston Chronicle

Dallas Bankruptcy Law Firm Adds Named Partner

The Law Offices of Judith W. Ross, a bankruptcy law firm in Dallas, has announced that Frances A. Smith has joined the firm as a named partner. The new firm will be called Ross & Smith, PC.

January 6, 2019 Brooks Igo