Our bankruptcy practice focuses on complex commercial bankruptcies, which involve creditors, debtors, committees, and trustees contesting the operations of the debtor and the legitimacy of claims. We have participated in many of the nation’s largest Chapter 11 proceedings and represent clients in every stage of Chapter 11 and business Chapter 7 cases—from “first day hearings” to plan confirmation and appeal.
After a Chapter 11 plan is confirmed, a bankruptcy case frequently leads to ongoing litigation. When litigation becomes intertwined with bankruptcy, clients require courtroom lawyers who can effectively handle witnesses and deploy their knowledge of bankruptcy law’s unique rules. We bring our courtroom prowess to bear in complex bankruptcy disputes by staffing them with litigators who have decades of trial experience and a proven track record in bankruptcy court.
Our accomplishments in bankruptcy litigation have earned the firm Finance Monthly’s “Insolvency and Restructuring Firm of the Year” award in both 2011 and 2012. McKool Smith was also nominated as a 2012 “Bankruptcy Firm of the Year” by Benchmark Litigation.
We represent a wide variety of clients, from Chapter 11 and 7 trustees to Fortune 500 companies from the energy, technology, engineering, construction, and financial sectors. Our litigation frequently involves:
- Lien avoidance and priority disputes
- Examinations of debtors under Rule 2004
- Claim objections
- Cash collateral disputes
- Asset sale disputes
- Claim and lien subordination
- Plan confirmation and disclosure statement approval
- Examiner and trustee appointment or election
- Chapter 5 avoidance actions (including preferences and fraudulent transfers)
- Bankruptcy fraud claims (including a multidisciplinary approach with our white collar defense practice)
- Breach of fiduciary duty claims
- Lender liability
- Post-confirmation officer and director litigation
- Successor liability
We also represent clients in out-of-court restructurings, where our courtroom experience is used to negotiate a positive outcome without the expense of a bankruptcy trial. Our lawyers were among the first called by Congress to provide insight on proposed changes to the Federal Bankruptcy Code on a number of occasions.
Media & Events
- John Sparacino spoke with Business Insider regarding U.S. Oil Companies abilities to file Chapter 11 Bankruptcies06.04.2020
- Hugh Ray provided commentary to The Washington Post's article, "Neiman Marcus files for Chapter 11 bankruptcy"05.11.2020
- Hugh Ray was quoted in The Washington Post article "The Iconic Brands That Could Disappear Because of Coronavirus"04.29.2020
- Hugh Ray contributed to Bloomberg Law's article "Purdue's Opioid Payouts Pit Individuals Against Cities, States"02.20.2020
- Media Coverage: McKool Smith Client Tops Litigation Trustee Sues Former Owners and Directors of Tops grocery chain.02.15.2020
- Hugh Ray is quoted in Associated Press article "Survivors Fear Smaller Payouts from PG&E with Each Fire"11.25.2019
- McKool Smith’s Bankruptcy Practice awarded Energy & Services “Restructuring of the Year” at the 2016 Turnaround Atlas Awards05.20.2016
- Houston Business Journal, 06.06.2014
- Houston Business Journal, 04.11.2014
- Douglas A. Cawley Named “Litigator of the Year” and McKool Smith Named “IP Firm of the Year” by Benchmark Litigation02.01.2013
- Hugh Ray to Participate in Upcoming Distressed Investing Conference “Maximizing Profits in the Distressed Debt Market”12.02.2013
- Hosted by The Beard Group Law and Business Publishers, 03.24.2010