In the News

Chapter 11 Plan for Haynes and Boone Client HRSN Wins Approval; Reorganized Network Launches

HOUSTON – Root Sports Southwest successfully launched Nov. 17 following confirmation of the plan of reorganization for Haynes and Boone, LLP client Houston Regional Sports Network, L.P. (HRSN). Root Sports Southwest is the exclusive broadcaster of the Houston Astros and the Houston Rockets.

U.S. Bankruptcy Judge Marvin Isgur confirmed the plan of reorganization filed jointly by HRSN, the Houston Astros and the Houston Rockets on Oct. 30, over the objection of Comcast. The confirmation battle was led by Houston Partners Charles A. Beckham Jr. and Henry Flores in contentious confirmation hearings throughout October involving an array of interested parties. >>

Henry Flores



1221 McKinney Street
Suite 2100
Houston, Texas 77010
T +1 713.547.2259
F +1 713.236.5499

New York

30 Rockefeller Plaza
26th Floor
New York, New York 10112
T +1 212.659.4983
F +1 212.918.8989

Areas of Practice


  • J.D., University of Texas at Austin School of Law, 1992
  • B.A., University of Texas at Austin, 1989

Bar Admissions

  • Texas, 1992
  • New York, 2009

Court Admissions

  • U.S. Court of Appeals for the Fifth Circuit
  • U.S. District Court for the Southern District of Texas
  • U.S. District Court for the Western District of Texas
  • U.S. District Court for the Northern District of Texas
  • U.S. District Court for the Eastern District of Texas
  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Eastern District of New York
Henry Flores

Henry Flores has represented debtors, official committees, secured and unsecured creditors, Chapter 11 and Chapter 7 trustees in a variety of bankruptcy cases and litigation matters. He is licensed to practice in Texas and New York, and is admitted to practice before the United States Court of Appeals for the Fifth Circuit and the United States District Courts for the Southern, Western, Northern and Eastern Districts of Texas, and for the Southern and Eastern Districts of New York. Henry was recognized as a "2015 Lawyer of the Year" in Litigation - Bankruptcy by Best Lawyers. He has also been recognized by Texas Monthly Magazine as a "Texas Super Lawyer" 2006-2014 and as a "Texas Rising Star" in 2004 and 2005 and is AV® Peer Review Rated Preeminent by Martindale-Hubbell® Law Directory. Henry was recognized by Best Lawyers in America in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Litigation - Bankruptcy, 2014-2015.

Significant recent representations include the following:

  • Representation of Arrow Air Cargo in its Chapter 11 case in the Southern District of Florida, Miami Division.
  • Representation of successful second lien plan proponents in the Chapter 11 case styled In re FX Luxury in Las Vegas, Nevada.
  • Representation of the successful bidder in a competitive auction and acquisition of the five operating oil and gas exploration subsidiaries of Edge Petroleum Corporation in the Edge chapter 11 cases, filed in the United States Bankruptcy Court for the Southern District of Texas (Corpus Christi Division).
  • Representation of ATA Airlines, Inc., in its Chapter 11 case in the Southern District of Indiana.
  • Representation of MAIR Holdings, Inc., in the Chapter 11 case of its regional air carrier subsidiary, Mesaba Aviation, Inc., and in Mesaba’s related acquisition by Northwest Airlines.
  • Representation of Atlas Air Worldwide Holdings, Inc., and subsidiaries in their Chapter 11 cases in the Southern District of Florida, Miami Division.

Recent Selected Speeches and Publications

  • "Experts in Bankruptcy Litigation," co-author, subchapter of Litigators on Experts, 2010.
  • Corporate Bankruptcy Panel, moderator, 2nd Global Distressed Debt Investing Summit, June 16, 2010.

Selected Representative Experience

North American Airlines Chapter 11 Bankruptcy Sale
Represented Global Aviation Holdings Inc. and its subsidiary, North American Airlines, Inc., in the sale of the assets of North American Airlines, Inc. as a debtor in Chapter 11 to Omni Aviation International, Inc. for approximately $11 million plus earnout.

Wellman Inc.
Represented The Bank of New York as agent for the first lien lenders in this Chapter 11 case in the Southern District of New York. Successfully defeated efforts by the Debtor and junior lienholders to effect a cramdown valuation of the agent’s collateral at $70 million. After a hotly contested evidentiary trial, the efforts by Wellman and the junior lienholders failed and the court found the value of the agent’s collateral to be $140 million - two times the amount proposed by the debtor and junior lienholders.

MAIR Holdings, Inc.- Mesaba Airlines, Inc. and Northwest Airlines, Inc.
Out-of-court litigation and representation of airline holding company, MAIR Holdings, Inc. in connection with the sale of stock of Mesaba Airlines, Inc. to Northwest Airlines, Inc., as part of the Chapter 11 cases of both airlines.

Debtor Representation - Atlas Air Worldwide Holdings, Inc.
Completed the successful restructuring of this company’s financial affairs, including restructuring more than $2.5 billion of debt in a bankruptcy case that was completed in only six months. Significant achievements in this case included restructuring the company’s enhanced equipment trust certificates (the first time this has ever been accomplished in a Chapter 11 case), restructuring all of the company’s leveraged leases and financed aircraft, effectuating the substantial buildup of cash during Chapter 11, and effectuating a rights offering of new common stock to creditors pursuant to the Chapter 11 plan. Atlas operated in Europe, the Middle East, and Asia and the reorganization involved coordination with numerous foreign jurisdictions and regulatory authorities.

Representation of Debtor - First Plus Financial
Represented this major financial services enterprise that specialized in the origination, securitization, and servicing of high loan to value consumer loans. Assets totaled more than $3 billion.

Representation of Creditors’ Committee - Finance
Our attorneys represented the Creditors’ Committee in the Chapter 11 case of Empire Funding that specialized in the origination, securitization and servicing of almost $4 billion of high loan-to-value consumer loans.

Debtor-in-Possession Representation - Pentacon
Represented Pentacon and its affiliates in their successful reorganization in Chapter 11. Pentacon is a worldwide distributor of C-Class components to the aerospace industry and provided “just in time” inventory management services to industrial and aerospace companies.

Chapter 11 Debtor Representation - Drypers Corporation
Represented this debtor-in-possession which was a major manufacturer of diaper products worldwide. The company was unable to reorganize and adopted a liquidating plan. We conducted a sale of four separate subsidiaries of the company through the bankruptcy auction process to separate buyers for U.S., South American, Puerto Rican and Malaysian operations.

Bankruptcy Preparation - Airline
Represented major airline in the representation of several other major air carriers. Also advised major airline management regarding its use of bankruptcy as a means of resolving its difficult labor situation.

Representation of Debtor - ATA Corporation
Represented this national certificated air carrier in its orderly Chapter 11 liquidation in the bankruptcy court in Indianapolis, Indiana. The case involves significant issues relating to the status of union contracts and WARN Act claims in airline liquidations.

FX Luxury Las Vegas, LLC - Bankruptcy
Representation of second lien agent and certain second lien (junior) lenders in the FX Luxury Las Vegas I, LLC bankruptcy case in the Las Vegas, Nevada bankruptcy court. Successfully obtained ownership for the firm's clients of a seventeen-acre property located on the Las Vegas strip across from City Center.


  • State Bar of Texas (Litigation Section)
  • The Bar of the State of New York
  • American Bar Association (Litigation Section)
  • Houston Bar Association (Chair, Bankruptcy Section 2005-2006)
  • American Bankruptcy Institute

Online Publications

04/06/2009 - Public-Private Investment Program
On March 23, 2009 the Treasury Department, in conjunction with the Federal Deposit Insurance Corporation (“FDIC”) and the Board of Governors of the Federal Reserve System (the “Federal Reserve”), announced the creation of the Public-Private Investment Program (“PPIP”), which is designed to provide public support to catalyze the purchase and sale of legacy assets through Public-Private Investment Funds (“PPIF”).

04/12/2007 - Supreme Court Holding Allows Bankruptcy Proofs of Claim to be Amended to Recover Attorneys' Fees
On March 20, 2007, the United States Supreme Court issued a unanimous opinion in Travelers Casualty & Surety Co. of America v. Pacific Gas & Electric Co., No. 05-1429, 2007 WL 816795 (March 20, 2007), holding that a creditor may supplement its unsecured claim in a bankruptcy case to recover contract-based attorneys’ fees incurred during the bankruptcy case through the litigation of bankruptcy law matters.