For more than four decades, Thompson & Knight's Bankruptcy and Restructuring Practice Group has played a leading role in corporate reorganizations, both in and out of court, and in bankruptcy proceedings of all types throughout the nation. Recognizing that the needs of our clients are national and international in scope, we have developed an expertise in handling insolvency-related matters wherever they may arise. Our experience ranges from medium-sized regional bankruptcy cases to creditor representation in "mega cases": Life Partners, Lehman Brothers, Mirant Corp., Enron, WorldCom, and Adelphia, among others.
Our attorneys are recognized locally, nationally, and internationally for their expertise in the area bankruptcy and restructuring. The group received national ranking for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation-Bankruptcy in the 2018 edition of U.S. News - Best Lawyers® “Best Law Firms,” the preeminent listing of the nation’s top legal practices. Thompson & Knight is also ranked among the top firms in Texas for Bankruptcy/Restructuring in Chambers USA 2017 by Chambers & Partners, which notes that Thompson & Knight is “a top-tier firm with the respect of judges in the courtroom.’”
In 2017, Firm client Life Partners Holdings, Inc. received the Turnaround Management Association’s Turnaround and Transaction of the Year Award for “Turnaround of the Year: Large Company,” as well as the Turnaround Atlas award for Chapter 11 Restructuring of the Year.
Thompson & Knight attorneys have reorganized businesses in complex Chapter 11 proceedings nationwide, including confirming Chapter 11 plans in industries ranging from energy to retail. On the creditor side, we represent secured creditors, committees of unsecured creditors, and lessors of real property in major Chapter 11 reorganizations. We have a full line of support to assist clients in evaluating all options, including litigation, real estate, tax, finance, regulatory, environmental, corporate, labor, securities, and other specialized areas of law that a debtor, individual creditor, committee, or counterparty may need in order to evaluate all alternatives.